Monday, September 13, 2010

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

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ONIC Golden Oaks LLC acquired the Golden Oaks apartmentsd from Golden Oaks AffordablePartnerws Ltd. and Golden Oaks of Florida LP May 18, according to Orang e County records. Real Estate Investmeny Services Orlando agents Patrick Skinner andKevin Yaryan, along with Washingtonn agents Armand Tiberio, Robert Sheppard and Spencer represented he seller, while Tiberio, Sheppard and Hurst also represented ONIC Golden Orlando Neighborhood secured a $3.7 millionh first mortgage through Seattle-based , a delegated underwritingt and servicing lender, according to a news release.
It also receivedc $1 million in federal housing funds from the Orange Counth Housing and Community Development Division plus additionap moneyfrom NeighborWorks/E-America, a network of nonprofift organizations promoting homeownership and neighborhood the release said. Orlando Neighborhood expects tospenfd $1 million improving Golden Oaks, which was built in the release said. Lane Management LLC, the property management arm of Atlanta-based Lane Co., will handlwe leasing and property management. The Orland Neighborhood Improvement Corp.
is a nonprofit developer and owner of affordablerand mixed-income housing properties in Central The organization has developed or co-developee 2,592 housing units and has 1,214 in its portfolio.

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