Flournoy Partners Scores $55M Refi on Davenport Apartments
Flournoy Partners obtained a $55 million refinancing of Apex Posner Park Apartments, a 314-unit luxury apartment community located in Davenport, Fla.
Jeremy Pino, Livingston Hessam, Carl Passmore and Kyle Miller of Walker & Dunlop Capital Markets secured the financing packaging for Flournoy, which was sourced from an unnamed institutional investor. Multi-Housing News reports Apex previously had a construction loan from 2021 totaling $41.7 million from Valley National Bank. The property originally came online in 2023 and is 98.4 percent occupied.
Apex offers one-to three-bedroom layouts fit, some with balconies and screened patios, as well as attached or detached garages.
The community features an outdoor firepit, hammock garden, saltwater pool, playground, car care bay as well as a fitness center with classes. There is an on-site dog park and grooming station for residents with pets.
Located at 5014 Apex Circle, Davenport, Fla., Apex Posner Park Apartments is in between the larger Orlando and Tampa metros.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout