TAMPA, FLA. — Berkadia has arranged approximately $38.3 million in debt and equity for the refinancing of Pointe at Carrollwood owned by Miami-based Beacon Realty Group. Beacon bought the 224-unit Tampa asset in 2022 as a value-add acquisition and has since invested about $3.6 million in capital improvements. The firm will use the financing to retire existing acquisition debt. The property is currently 95 percent occupied.
Berkadia arranged a $29.9 million, five-year fixed-rate Freddie Mac loan. In addition, Miami-based Atlantic Pacific Companies, a privately owned real estate firm, provided a preferred equity investment of $8.4 million.
Managing Director Scott Wadler and Senior Director Matt Nihan, Managing Directors Matt Robbins and Brad Williamson and Senior Managing Director Mitch Sinberg of Berkadia Miami and Boca Raton negotiated the financing package.