Newmark Arranges $45M Financing for Orlando Apartment Acquisition
Newmark arranged the sale of and $45 million in financing for Ascend Waterleigh Village, a newly constructed, 280-unit Class A multifamily community in Winter Garden, Florida, within the Orlando metropolitan area.
Newmark’s Scott Ramey, Brad Downing, Paul Grant and Grant Bretzlaff represented seller D.R. Horton. Matthew Williams, Brian Kochan and Rob Wright secured the financing from Freddie Mac on behalf of the buyer, Millburn & Company. Millburn paid $64 million for the property.
Delivered in 2025, Ascend Waterleigh Village is located in Horizon West, one of the Orlando area’s fastest-growing master-planned communities. The community offers one-, two- and three-bedroom residences featuring screened private patios or balconies. Community amenities include a saltwater pool and pavilion, a 24-hour fitness center, an entertainment club room and a cyber café with private micro-offices.
Ascend Waterleigh Village benefits from its proximity to a range of retail, recreational, employment and entertainment destinations, including an adjacent Publix-anchored retail center.
Other News
Rockland Trust Provides Financing for Quincy Affordable Development
Rockland Trust is providing a financing package of $7.4 million to Father Bill’s & MainSpring (FBMS) for the development of a new 24-unit affordable housing community at 150-156 Quincy St. in Quincy, MA. The Quincy Street Apartments project will transform the site into a multifamily residential community designed to expand access to housing in a...
Learn more
Recent Capital Improvements Drive Van Nuys Apartment Deal
Northmarq’s El Segundo Investment Sales team led by Brent Sprenkle, in collaboration with the firm’s Los Angeles office led by Elliot Hassan and Mike Hanassab, brokered the $5.25-million sale of Vanowen Apartments, a 24-unit low-rise multifamily community located at 15022 Vanowen St. in Van Nuys. The Northmarq team represented the seller, David H. Greenhut. The buyer...
Learn more
Pantzer Makes Second Tri-State Deal This Year with Woodbridge Multifamily Acquisition
JLL Capital Markets arranged the $79-million sale of Avenue & Green, a 232-unit, transit-oriented luxury apartment community in Woodbridge, NJ. The property was renamed The Point Woodbridge by the buyer, Pantzer, making its second acquisition in the Tri-State area this year after The Point Stamford in July. Senior managing directors Jose Cruz, Mike Oliver and Steve...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout