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Florida & Gulf Coast  + South Florida  + Finance  | 
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Ceiba Groupe Receives $67M Refi for Newly Completed Zona Village in Davie

Walker & Dunlop, Inc., has structured $67M in financing for Zona Village, a Class-A multifamily in the Ft. Lauderdale submarket of Davie, FL. The 2021-completed midrise building has 201 units and 16,500 square feet of ground floor retail space.

A Walker & Dunlop team of Tom Melody, Eric McGlynn, Jonathan Paine and Wes Wallace secured the proceeds to refinance Zona Village from a national life insurance company. The 10-year, non-recourse loan with a fixed interest rate replaces client Ceiba Groupe’s existing construction financing.

“This transaction exemplified the capital markets’ strong appetite for Class-A multifamily,” said Melody. “We worked closely with the owner and lender to craft creative sizing covenants to support Zona Village’s ongoing and rapid rent appreciation. Together, we were able to achieve Ceiba Groupe’s target proceeds and provide a long-term, permanent financing solution for the asset.”

Zona Village is eight miles from downtown Fort Lauderdale and 22 miles from downtown Miami.


Inside The Story

Walker & Dunlop’s Melody

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Financing
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