NAPLES, FLA. — Interface Properties has acquired Wild Pines of Naples from an undisclosed seller and undisclosed total sales price. Berkadia arranged $26.6 million in acquisition financing, which includes a $20.6 million senior loan and an additional $6 million supplemental through Freddie Mac. Senior Managing Director Mitch Sinberg, Director Michael Basinski and Managing Directors Scott Wadler, Brad Williamson and Matt Robbins led the Berkadia team. Half of the community’s 200 units are income-restricted, but specifics weren’t disclosed.
The property was built in multiple phases between 1968 and 2001. Wild Pines of Naples’ amenities include a clubhouse, pool, laundry facility, fitness and business center. The new owners plan to complete various property improvements, including laundry and gym enhancements, amenity upgrades, improved landscaping and a new dog park.