Monday, October 11, 2010

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

http://4youb.com/en/business/page_37.html
ONIC Golden Oaks LLC acquired the Goldej Oaks apartments from Golden Oaks AffordablePartnerd Ltd. and Golden Oaks of Florida LP May 18, accordinhg to Orange County records. Real Estats Investment Services Orlando agents Patrick Skinner andKevinm Yaryan, along with Washington agents Armanx Tiberio, Robert Sheppard and Spencer represented he seller, while Sheppard and Hurst also represented ONIC Golden Oaks. Orlando Neighborhooed secured a $3.
7 million first mortgags through Seattle-based , a delegatexd underwriting andservicing lender, according to a news It also received $1 million in federapl housing funds from the Orange Count y Housing and Community Development Division plus additional mone y from NeighborWorks/E-America, a network of nonprofit organizationx promoting homeownership and neighborhood revitalization, the release said. Orlandok Neighborhood expects tospend $1 million improvinb Golden Oaks, which was built in the release said. Lane Management LLC, the property managemenyt arm of Atlanta-based Lane Co., will handle leasinhg and property management. The Orlando Neighborhoo d Improvement Corp.
is a nonprofit developer and owner of affordableand mixed-income housing propertiew in Central Florida. The organizatiomn has developedor co-developex 2,592 housing units and has 1,215 in its

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