Avison Young Capital Markets Principals Jay Maddox and Peter Sherman, along with Miami-based Principal George Vail, have successfully arranged the $37.5 million refinancing of Azul Baldwin Park on behalf of Beverly Hills-based Cores Management, Inc., the owner.
The Class A luxury 178-unit apartment community is located at 4460 Lower Park Road in Orlando and features one-, two-, and three bedroom units as well as a resort style pool with sundeck complete with outdoor kitchen, grilling area, and hotel style cabanas. Located next to Lake Baldwin just a few miles away from downtown Orlando; Azul Baldwin Park has consistently maintained 95% occupancy rates.
“We are delighted that Avison Young was able to deliver an outstanding result despite challenging market conditions while meeting our critical timing requirement,” said Brenda Measamer Portfolio Manager for Cores Management.” The team continues to do an excellent job for us time after time.”
