The Village at Eastpointe's pool area

Berkadia Arranges $51.5 Million Refinancing of Village at Eastpointe in Fort Lauderdale

by Lynn Peisner

FORT LAUDERDALE, FLA. — Berkadia has arranged the $51.5 million refinancing of The Village at Eastpointe Apartments in Fort Lauderdale on behalf of R.O.I. Capital, a commercial real estate investment company based in Fort Lauderdale. Freddie Mac provided a $42.5 million, five-year, fixed-rate loan. The preferred equity provider, RCG Longview, contributed $8.96 million in equity to the deal.

The 296-unit property was developed in 1974 and renovated in 2022. Units are offered in one- and two-bedroom floor plans ranging from 750 to 950 square feet. Amenities include a fitness center, two pools, two laundry rooms and a clubhouse.

Managing Director Brad Williamson, Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Matt Robbins and Associate Director Wesley Moczul of Berkadia South Florida arranged the capital.

“This transaction refinances an existing bridge loan to return capital back to the sponsor,” said Williamson. “It will allow time and proceeds to complete the remaining CapEx and offer backend prepay flexibility for a future sale or recapitalization.”

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