Southeast

HOUMA, LA. — Walker & Dunlop has provided a $12.6 million refinance loan for Houma Highlands, an apartment development located in Houma. The multi-phase development currently consists of eight three-story, walk-up apartment buildings and a clubhouse with a swimming pool, fitness center, playground and car wash. The borrowers will use the loan to help finance the second phase of the development. The loan features a 7-year capped ARM with a 1-year lockout, 1 percent exit and a 30-year amortization schedule. Stephen Farnsworth of Walker & Dunlop originated the loan and led the Walker & Dunlop team.

WINTER HAVEN, FLA. — Michael Regan, Francesco Carriera and Nicholas Meoli of Marcus & Millichap's Tampa, Fla., office have brokered the sale of The Landings and Brandywyne, a two-property multifamily portfolio in Winter Haven. A Florida-based investor acquired the 141-unit portfolio sold for $3 million or approximately $21,000 per unit. The seller was a Pennsylvania-based developer.

FORT LAUDERDALE AND HOLLYWOOD, FLA. — Judy Dolan and Steve Hyatt of Berger Commercial Realty Corp. represented the sellers in three separate multifamily transactions in south Florida. In the first transaction, Doran Florida sold three apartment buildings to Glenshee Omega Carleton for $1.6 million. The properties, totaling 32 units, are located at 75 S.W. 10th St., 100 S.W. 10th St. and 100 S.W. 9th St. in Fort Lauderdale. In the second transaction, ECP Properties sold an 18-unit apartment building to DIV USA for $965,000. The 13,202-square-foot property is located at 1607 Arthur St. in Hollywood. Finally, SBC 2010-1 sold a 13-unit apartment building, which is located at 6031 Polk St. in Hollywood, to 6031 Polk Street LLC for $352,000.