ORLANDO—Centerline Capital Group reports it has provided a $6.26-million Fannie Mae loan to refinance the CaSienna Apartment Homes here.
CaSienna is a 160-unit garden apartment complex located about five miles southwest of the central business district and six miles northwest of the Orlando International Airport. The property was originally developed in 1973, acquired by the current ownership in 2011, and substantially renovated. The complex features 16 buildings and two pools. A newly constructed management office and clubhouse are the center focal point of the property, Centerline officials say. The loan was closed by Centerline's Chicago office.
“The sponsor has significant experience in central Florida and has successfully purchased, renovated and managed a number of assets over the past 20 years,” says Bill Hyman, senior managing director at Centerline. “We were pleased to provide this loan to a first-time Centerline client, and we expect to partner with them again in the near future.”
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