Nova-at-East-Park-Village-Orlando

Onicx Group Refinances Construction Loan on Orlando Project

by Lynn Peisner

ORLANDO, FLA. — A joint venture led by Onicx Group has secured a $66.3 million first mortgage provided by Mesa West Capital for Nova at East Park Village, a 264-unit property in Orlando. Construction wrapped in August. The property features a mix of one-, two- and three-bedroom units across three mid-rise buildings. Amenities include a pool with cabanas and a 24-hour fitness center. Nova at East Park Village is located in the master-planned Lake Nona submarket, approximately 12 miles southeast of downtown Orlando. Orlando-based ZRS Management is the property manager. JLL’s Tampa and Miami offices arranged the floating-rate loan.

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