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

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ONIC Golden Oaks LLC acquired the Goldehn Oaks apartments from Golde n Oaks AffordablePartners Ltd. and Golden Oaks of Floridq LP May 18, according to Orange County records. Real Estate Investment Servicees Orlando agents Patrick Skinneer andKevin Yaryan, along with Washington agents Armand Robert Sheppard and Spencer Hurst, represented he while Tiberio, Sheppard and Hurst also represented ONIC Golden Oaks. Orlando Neighborhood secured a $3.7 millionh first mortgage through Seattle-based , a delegated underwritinbg andservicing lender, according to a news release.
It also receive $1 million in federal housing funds from the Orange County Housing and Communitt Development Division plus additional moneyfrom NeighborWorks/E-America, a networlk of nonprofit organizations promotinf homeownership and neighborhood revitalization, the release Orlando Neighborhood expects to spend $1 million improvin g Golden Oaks, which was built in the release said. Lane Management LLC, the property management arm of Atlanta-basex Lane Co., will handle leasinv and property management. The Orlando Neighborhoode Improvement Corp. is a nonprofirt developer and owner of affordableand mixed-income housing propertiese in Central Florida.
The organization has developedsor co-developed 2,592 housing unita and has 1,215 in its portfolio.