ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
A downtown apartment tower got a major refinancing loan, which could indicate the start of more funding in the market, according to one expert.
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Developers PMG and Raven Capital Management, owners of Society Orlando at 434 N. Orange Ave., secured $155 million from Texas-based Affinius Capital and New York-based MF1 Capital. The loan providers could not be reached for comment.
The 27-story Society, Orlando’s tallest multifamily building, opened in March and “has experienced rapid tenant acquisition,” according to a press release about the refinancing.
Click here to read the full story on the Orlando Business Journal’s website.
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