DAVENPORT, FLA. — Berkadia has arranged $13.2 million in acquisition financing for Cedar Ridge at Forest Lake, a 70-unit build-to-rent community located at 2860 Cedar Ridge Court in Davenport, approximately 40 miles southwest of Orlando.
Cedar Ridge at Forest Lake was recently built in 2023. The community offers three-, four- and five-bedroom single family units with integrated smart home technology, attached two-car garages, fenced backyards, stainless steel appliances and washers and dryers. Community amenities include pet-friendly spaces, a playground and pool.
Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew Robbins and Kyle Ryan of Berkadia’s Miami office arranged the financing on behalf of the sponsor, Bayshore Investment Partners LLC, a Miami-based investment and management firm. Fannie Mae provided the seven-year loan with a full-term interest-only amortization schedule at a fixed rate of 5.09 percent.