Wednesday, September 12, 2012

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

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ONIC Golden Oaks LLC acquiref the Golden Oaks apartments from Golden Oaks AffordablewPartners Ltd. and Golden Oaks of Florida LP May 18, accordingy to Orange County records. Real Estate Investmentr Services Orlando agents Patrick Skinnefr andKevin Yaryan, along with Washingtojn agents Armand Tiberio, Robert Sheppard and Spencer represented he seller, while Tiberio, Sheppard and Hurstf also represented ONIC Golden Orlando Neighborhood secured a $3.
7 million first mortgage througnh Seattle-based , a delegated underwriting and servicing according to a news It also received $1 millio in federal housing fund from the Orange Countty Housing and Community Development Division plus additional moneh from NeighborWorks/E-America, a network of nonprofit organizations promotint homeownership and neighborhood the release said. Orlando Neighborhoodd expects tospend $1 millionb improving Golden Oaks, whicjh was built in 1993, the releas e said. Lane Management LLC, the propertg management arm of Atlanta-based Lane Co., will handl leasing and property management.
The Orlando Neighborhood Improvement is a nonprofit developer and owner of affordabledand mixed-income housing properties in Central Florida. The organizatiobn has developedor co-developed 2,592 housing unitz and has 1,215 in its

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