Winter Park apartments sell for $4M - Business First of Buffalo:

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ONIC Golden Oaks LLC acquired the Golde n Oaks apartments from Golden Oaks AffordabledPartners Ltd. and Golden Oaks of Florida LPMay 18, according to Orange County Real Estate Investment Servicess Orlando agents Patrick Skinner and Kevih Yaryan, along with Washington agents Armand Robert Sheppard and Spencer Hurst, represented he while Tiberio, Sheppard and Hurst also representedd ONIC Golden Oaks. Orlandop Neighborhood secured a $3.7 million firsyt mortgage through Seattle-based , a delegated underwritinf and servicing lender, according to a news release.
It also receivexd $1 million in federal housing fundsw from the Orange County Housing and Community Development Division plus additional money from a network of nonprofit organizations promoting homeownershi p andneighborhood revitalization, the release said. Orlando Neighborhood expects tospend $1 millionn improving Golden Oaks, whic was built in 1993, the release said. Lane Managemeny LLC, the property management arm of Atlanta-basexd Lane Co., will handle leasing and propertg management. The Orlando Neighborhood Improvement Corp. is a nonprofit developed and owner of affordableand mixed-income housing properties in Centra Florida.
The organization has developefor co-developed 2,592 housing units and has 1,21r5 in its portfolio.