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Florida & Gulf Coast  + Central Florida  + Apartments  | 
ApexPosner Park Apartments

Flournoy Partners Scores $55M Refi on Davenport Apartments

Flournoy Partners obtained a $55 million refinancing of Apex Posner Park Apartments, a 314-unit luxury apartment community located in Davenport, Fla. 

Jeremy Pino, Livingston Hessam, Carl Passmore and Kyle Miller of Walker & Dunlop Capital Markets secured the financing packaging for Flournoy, which was sourced from an unnamed institutional investor. Multi-Housing News reports Apex previously had a construction loan from 2021 totaling $41.7 million from Valley National Bank. The property originally came online in 2023 and is 98.4 percent occupied.

Apex offers one-to three-bedroom layouts fit, some with balconies and screened patios, as well as attached or detached garages.

The community features an outdoor firepit, hammock garden, saltwater pool, playground, car care bay as well as a fitness center with classes. There is an on-site dog park and grooming station for residents with pets.

Located at 5014 Apex Circle, Davenport, Fla., Apex Posner Park Apartments is in between the larger Orlando and Tampa metros.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Financing
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