The Florida apartment market has been booming with a healthy appetite from renters driven by population and economic growth, which meant developer Park Partners Residential LLC had an easy time securing a $45.8 million loan for a recently finished Davie community.

“What we found is that the debt markets are really cooperating with multifamily developers, and Freddie Mac is aggressively financing well-located multifamily projects,” said Rick Giles of Park Partners in Boca Raton. “The interest rates and the terms that are available today from the debt market are extremely favorable for developers like us,”