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Florida & Gulf Coast  + Central Florida  + Finance  | 
NewPoint Real Estate Capital has provided a $50.7-million loan to refinance Reunion at 400 apartments in Kissimmee, FL.

NewPoint Provides $51 Freddie Mac Loan for New Community in Kissimmee

NewPoint Real Estate Capital has provided a $50.7-million conventional Freddie Mac Multifamily loan on behalf of an affiliate of American Landmark, LLC, to refinance Reunion at 400, a 288-unit community located in Kissimmee, FL.

The 10-year fixed-rate loan was originated by Marc Cesare of NewPoint and features six years of interest-only payments. Loan proceeds were used to pay off a bridge loan that was set to mature in June 2023.

“We utilized an Index Lock to provide American Landmark – a seasoned Freddie Mac select sponsor – with the ability to secure advantageous pricing during a particularly volatile 60-day period for Treasuries,” said Cesare.

Built in 2020, Reunion at 400 is off SR-429 in Kissimmee approximately five miles south of Walt Disney World and 20 miles southwest of Downtown Orlando.

American Landmark manages over $5 billion in multifamily properties and its portfolio consists of approximately 30,000 units.

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NewPoint Real Estate Capital's Cesare

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.

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