ORLANDO—New York City-based Beachwold Residential has secured a total of $37.85 million for the refinancing of an Orlando apartment community and the purchase of a Savannah, GA apartment community.

Holliday Fenoglio Fowler, L.P., which worked on behalf of Beachwold, reports that the financing will be used to refinance existing debt on the 400-unit The Place at Alafaya in Orlando and to acquire Litchfield Place, a 76-unit development in Savannah.