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| Rendering of Dwell Nona Place Apartments, 10207 Dwell Court, Southeast Orlando, FL |
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| David Cohen |
Boca Raton, FL – Meridian
Capital Group, America’s most active deal maker, arranged $34.5 million in
construction take-out financing for the Dwell Nona Place luxury multifamily
property located in Orlando, FL on behalf of The Klein Company.
The seven-year Freddie Mac
loan, provided by Capital One Multifamily Finance, features a fixed rate of
4.07% and one year of interest-only payments.
This transaction was negotiated by Meridian
Senior Vice Presidents, Max Beyderman,
who is based in the company’s Boca Raton, FL office and David Cohen, who works out of Meridian’s Iselin, NJ office.
Dwell Nona Place, located
at 10207 Dwell Court, is a four-story, 274-unit luxury apartment community in
Southeast Orlando. The property consists of distinctive one-, two- and
three-bedroom apartments, as well as three-bedroom townhomes.
Each unit features a modern designer kitchen,
ceiling fans, wood flooring, a screened-in porch or balcony and an in-unit
washer and dryer. Residents enjoy exceptional amenities, including a
resort-style pool with cabanas, outdoor grilling areas, a beach area, walking
trails, a playground and a car care center.
The 10,000 square foot
clubhouse features an athletic club with a sports court, a yoga space, a game
room, a state-of-the-art-fitness center, as well as a business and conference
center.
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| Lake Nona High School, Lake Nona, FL |
The Dwell Lake Nona apartment homes are
situated directly across from Lake Nona High School and are one mile south of
Route 417, providing a short commute to Medical City. Construction began in
October 2014 and was completed March 2016.
“Dwell Nona Place is a
stunning multifamily asset, which recently completed its lease-up and added
another high-quality asset to the Dwell brand, created by The Klein Company,”
explained Mr. Beyderman.
“Meridian was pleased once
again to work with the stellar team at The Klein Company in procuring timely
financing that reflected the strong lease-up velocity,” he said.
“Additionally, we were
able to capitalize on a dip in U.S. treasuries to secure very efficiently
priced long-term debt at the same time that the property began exhibiting its
full potential,” added Mr. Cohen.
For a complete copy of the company’s news release,
please contact:
Jonathan Stern
Meridian Capital Group
212/972-3600
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