HOMESTEAD, FLA. — Berkadia has arranged a $58.3 million Freddie Mac loan for Denver-based Grand Peaks Properties and Washington, D.C.-based Artemis Real Estate Partners. The two firms will use the funds to refinance existing debt on The Olivia in Homestead, located about 27 miles south of Miami. The joint venture owners acquired the property, developed in 2018, for $71 million in late 2021 in a Berkadia-brokered transaction.
The Olivia sits on 3.4 acres at 14981 Southwest 283rd St. and offers 288 one-, two- and three-bedroom units and amenities such as a pool, a clubhouse with a business center, a fitness center and a coffee bar. The Berkadia team that arranged the financing was made up of Mitch Sinberg, Michael Basinski, Patrick McGlohn, Scott Wadler, Brad Williamson and Matt Robbins.