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**Flournoy Partners Secures $55M Refi for Apex Posner Park Apartments in Florida**
Flournoy Partners has obtained a $55 million refinancing for Apex Posner Park Apartments, a 314-unit luxury multifamily community located in Davenport, Florida.
The financing package was arranged by Jeremy Pino, Livingston Hessam, Carl Passmore, and Kyle Miller of Walker & Dunlop Capital Markets. The funding was sourced from an undisclosed institutional investor. Previously, the property had a $41.7 million construction loan originated in 2021 by Valley National Bank. Apex Posner Park Apartments officially opened in 2023 and currently boasts a strong occupancy rate of 98.4%.
The apartment community features a range of one- to three-bedroom layouts, some equipped with balconies, screened patios, and optional attached or detached garages.
Amenities at Apex include a saltwater pool, outdoor firepit, hammock garden, children’s playground, car care bay, and a fully equipped fitness center offering wellness classes. For pet owners, the community offers an on-site dog park and grooming station.
Apex Posner Park Apartments is located at 5014 Apex Circle in Davenport, strategically positioned between the Orlando and Tampa metropolitan areas.
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