MIAMI, FL - Berkadia announced today that its South Florida mortgage banking team arranged approximately $225 million in financing for properties across Florida, Arizona, Colorado, Texas, South Carolina and Georgia during the month of September. The transactions include, but are not limited to:
Ocean Walk, Key West, Florida – $70 million, 10-year adjustable rate refinancing on behalf of borrowers Mast Capital and Rockpoint Group. Lender: Fannie Mae
Somerset Place, Boca Raton, Florida – $14.2 million, 7-year fixed rate refinancing on behalf of borrower Elad National Properties. Lender: Freddie Mac
Forest Creek, Largo, Florida – $8.025 million, 10-year adjustable rate refinancing on behalf of borrower Insula Capital. Lender: Freddie Mac
Stanford Oaks, Atlanta, Georgia – $9.86 million, 7-year adjustable rate acquisition loan on behalf of borrower Mt. Olive Equities. Lender: Freddie Mac
Ashford Walk, Atlanta, Georgia – $17.259 million, 10-year adjustable rate refinancing on behalf of Radco Companies. Lender: Fannie Mae
Boulder Bins Self Storage, Superior, Colorado – $12.537 million, 10-year fixed acquisition loan on behalf of Guardian Storage Solutions. Lender: TCF National Bank
Hillstone on Center, Arlington, Texas – $10.166 million, 10-year fixed rate acquisition loan on behalf of Eagle Property Capital. Lender: Fannie Mae
“These transactions illustrate the strong demand for refinancing, particularly in the multifamily space, as well as Berkadia’s ability to meet that demand with competitive and innovative financing packages,” said Senior Managing Director Mitch Sinberg, of Berkadia’s South Florida office. “As the leading Freddie Mac, Fannie Mae and FHA lender, in addition to our life company, CMBS and bank relationships, Berkadia is exceptionally well-positioned to serve investors in Florida and throughout the country.”
In addition to Sinberg, other South Florida-based professionals involved in these transactions include: Managing Director Michael Wallace, Managing Director Saul Hoppenstein, Senior Director Brad Williamson, and Associate Director Matthew Robbins.
About Berkadia: Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. To learn more about Berkadia, please visit www.berkadia.com.