Embrey Scores $76.2M Financing for 354-Unit Orlando Apartment Community
Embrey obtained $76.2 million in construction take-out financing for Citron at The Packing District, a 354-unit, Class A multifamily community in Orlando, Florida.
Newmark engaged the bridge-lending market, debt funds, balance-sheet lenders, and CLO-driven capital sources to secure the financing. Newmark’s Matthew Williams and Rob Wright secured the financing on behalf of EMBREY, with support from Kyle Schlitt, James Maynard and David Williams.
Delivered in 2025, Citron at The Packing District comprises a five-story residential building and adjoining six-story structured parking garage. Residential amenities include a media room, a pool with an adjacent aqua lounge and poolside cabanas, and a WiFi lounge with a conference room and dedicated micro-offices.
Located within The Packing District, a $700 million, 202-acre mixed-use redevelopment, Citron offers convenient access to retail, dining and employment centers, including Publix Super Market, the Great Southern Box Company food hall and the nearby College Park and Edgewater Drive neighborhoods.
Other News
ESJ Inks Acquisition Loan for 144-Unit Kannapolis Rental Asset
ESJ Partners utilized a $19.9 million loan to finance the acquisition of The Bridges of Cabarrus, a 2021-vintage garden-style multifamily community comprising 144 units across seven three-story buildings in Kannapolis, North Carolina. The property sold for $29.5 million. Pickering & Co. was the seller. The loan was originated and structured on behalf of Pearlmark Realty Senior...
Learn more
Upper Canada Mall’s $411M Sale Leaves 5,100-Home Vision In Place
Upper Canada Mall is changing hands, but Newmarket says the long-term plan to turn its sprawling parking lots and surrounding land into a mixed-use neighbourhood remains in place. Primaris is acquiring the 990K-SF shopping centre at 17600 Yonge St. from Oxford Properties for $411M, with the transaction expected to close by Oct. 31. The deal...
Learn more
CBRE Arranges Acquisition Loan for Fort Greene Mixed-Use
CBRE Capital Markets arranged a $12-million acquisition loan for the purchase of 680 Fulton St., a mixed-use property in Brooklyn’s Fort Greene neighborhood. The Debt & Structured Finance team of Shamir Seidman, Judah Hammer and Jeff Feldman secured the financing on behalf of Z+G Property Group through Santander. The five-year loan represents approximately 70% loan-to-value and features...
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
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout