BRANDON, FLA. — Berkadia has arranged approximately $32.4 million on behalf of Robbins Property Associates and Hartford Investment Management Co. (HIMCO) to refinance Lakeside Central Apartments, a 228-unit garden-style community in the Tampa suburb of Brandon, Florida. Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Brad Williamson and Vice President Hugo Hernandez of Berkadia Miami and Boca Raton secured the five-year, fixed-rate Freddie Mac loan. Berkadia also financed the property’s acquisition in 2018 with a floating-rate, Freddie Mac loan.
Buit in 1985 and located at 529 S. Parsons Ave., Lakeside Central offers one- and two-bedroom apartments and community amenities that include a newly renovated clubhouse, a renovated and expanded 24-hour fitness center, a resort-style pool and outdoor kitchen with grills, a renovated dog park and pet spa, a car-care center and more. HIMCO is the asset management arm of The Hartford Insurance Group.