Property Markets Group (PMG) and Raven Capital Management have successfully secured a $155 million refinancing for Society Orlando, a 27-story mixed-use development located at 434 North Orange Avenue. This impressive achievement marks the town’s tallest multifamily building.
Since its completion, the development has experienced high demand with all of its 462 units being quickly filled. The first residents moved in March, making it clear that this is an attractive and desirable place to live. PMG’s Capital Markets team played a crucial role in orchestrating the refinancing process which was sourced from MF1 Capital and Affinius Capital who provided $27 million in preferred equity.
Society Orlando offers both traditional apartments as well as co-living accommodations, catering to various lifestyles and preferences. With over 100,000 square feet of amenities including a large pool deck, state-of-the-art fitness facilities, coworking spaces,and social lounges,it provides residents with everything they need for comfortable living.
The ground floor will soon feature an exciting craft food and beverage venue operated by Thriving Hospitality along with convenient smart package lockersand app-based entry systems integrated into retail offerings.The location also boasts East Coast branch of Velocity Esports,making it an ideal destination for entertainment enthusiasts.
Overall,this successful refinancing deal showcases PMG’s expertise in capital markets management while also highlighting Society Orlando as one of the most sought-after developments on Orange Avenue.
