The owner board of this 100% Section 8 subsidized property had two main goals when they embarked on this refinance; to preserve the subsidy and housing for the existing residents and generate annual surplus cash distributions and access the equity in the properties to develop more affordable housing for the disabled in their community.
“The team at Centennial Mortgage, Inc., including Connor Danigelis, Raelee Jones, Sadie H. and Cindy Ross went above and beyond to achieve the owner’s goals,” said Sunny Fitzgerald, vice president and project originator, “and we are also grateful for collaborative teamwork with the owner’s consultant, Gates Kellett & The Gates Development Group.”
- Project Name The Oaks & The Meadows
- Project Location Winter Park and Orlando, FL
- Loan Amount $5,740,600
- Originator Sunny Fitzgerald