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ONIC Golden Oaks LLC acquired the Golden Oaks apartmente from Golden Oaks AffordablePartners Ltd. and Golden Oaks of Floridsa LPMay 18, according to Orange Count y records. Real Estate Investment Servicesd Orlando agents Patrick Skinner andKevijn Yaryan, along with Washington agents Armanx Tiberio, Robert Sheppard and Spencee Hurst, represented he seller, while Tiberio, Sheppardf and Hurst also represented ONIC Golden Orlando Neighborhood secured a $3.7 million first mortgage through Seattle-basee , a delegated underwriting and servicing according to a news release.
It also receiveds $1 million in federal housing fund from the Orange County Housing and Communitty Development Division plus additional moneuyfrom NeighborWorks/E-America, a network of nonprofit organizationes promoting homeownership and neighborhood revitalization, the release said. Orlando Neighborhood expectsz tospend $1 milliohn improving Golden Oaks, which was built in 1993, the releaser said. Lane Management LLC, the property managemenrt arm of Atlanta-based Lane Co., will handld leasing and property management. The Orlandk Neighborhood Improvement Corp. is a nonprofit developer and owner of affordableand mixed-income housing properties in Centrap Florida.
The organization has developedor co-develope 2,592 housing units and has 1,215 in its portfolio.
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