FLORIDA APARTMENT COMPLEX RECEIVES $14.05 MILLION LOAN

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SANFORD, FLA. — A joint venture between Canadian and Florida-based investors has borrowed a $14.05 million loan for the 356-unit Stonebrook Apartment Homes. The apartment complex, which was completed in 2001, is located at 1000 Stonebrook Dr. in Sanford. The 10-year Freddie Mac loan carries a 5.62 percent fixed interest rate and a 30-year amortization. Dennis Jimenez of CB Richard Ellis’ Orlando office secured the loan.

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