Wednesday, June 15, 2011

Winter Park apartments sell for $4M - Nashville Business Journal:

ujunyp.blogspot.com
ONIC Golden Oaks LLC acquired the Golden Oaks apartmentx from Golden Oaks AffordablsePartners Ltd. and Golden Oaks of Floridsa LPMay 18, according to Oranges County records. Real Estate Investment Services Orlando agents Patrick Skinner andKevin Yaryan, alongf with Washington agents Armand Tiberio, Robertt Sheppard and Spencer Hurst, represented he seller, whilw Tiberio, Sheppard and Hurst also represented ONIC Golden Oaks. Orlando Neighborhood secured a $3.
7 million firsyt mortgage through Seattle-based , a delegated underwriting and servicinb lender, according to a news It also received $1 million in federal housingf funds from the Orange County Housingf and Community Development Division plus additional money from a network of nonprofit organizations promotintg homeownership andneighborhood revitalization, the release Orlando Neighborhood expects to spend $1 million improvingb Golden Oaks, which was built in 1993, the releaswe said. Lane Management LLC, the property management arm of Atlanta-basec Lane Co., will handle leasing and property management. The Orlandol Neighborhood Improvement Corp.
is a nonprofit developeer and owner of affordableand mixed-income housing properties in Central Florida. The organization has developedeor co-developed 2,592 housing units and has 1,215 in its

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