NKF Arranges $44.1M Sale Of Multifamily Community In Orlando

Newmark Knight Frank (NKF) has arranged the $44.1 million sale of Parke East, a 272-unit multifamily community in Orlando. Built in 1987, the property offers one-, two- and three-bedroom floor plans and was 94 percent occupied at the time of sale. The seller, Insula Cos., recently renovated the community. Amenities include a clubhouse, cyber café, fitness center, two pools, dog park and a basketball court. Scott Ramsey and Patrick Dufour of NKF represented the seller in the transaction. Mitch Clarfield and Ryan Greer, also with NKF, originated a Freddie Mac acquisition loan on behalf of the undisclosed borrower.   Source:  RE Business

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