OCOEE, FLA. — Orlando, Florida-based Kimaya, the commercial real estate development subsidiary and affiliate of Park Square Enterprises, has obtained a $65.5 million bridge loan for Ocoee Village Townhomes, a 232-unit build-to-rent townhome community that opened in 2024 in Ocoee, 16 miles west of Orlando. The property is located within the Ocoee Village mixed-use development. Wesley Moczul of Berkadia Orlando led the transaction, with support from Mitch Sinberg, Brad Williamson, Scott Wadler, Matt Robbins and Jacob Kelly of Berkadia Miami. The team arranged the three-year, floating rate loan through Kayne …
Berkadia
MOUNT PLEASANT — Berkadia has arranged the sale of and financing for Tivoli Green, a 458-unit luxury community in Mount Pleasant, 27 miles south of Milwaukee. The sales price was not disclosed, but Berkadia described the transaction as “one of the largest single-asset multifamily sales in the state’s history.” Wangard Partners was the seller, and the buyer is Illinois-based Santefort Real Estate Group. Wangard has been retained to provide third-party management services for the community. Pete Evans of Berkadia Chicago and Richard Evans of Berkadia Milwaukee led the transaction on …
Berkadia Arranges Acquisition and ReFi Loans Totaling $36.7M for Three Florida Deals
FORT LAUDERDALE, FLA. — Berkadia has arranged three loans for Fort Lauderdale-based Rental Asset Management (RAM) for three Florida properties. RAM obtained a $10.3 million acquisition loan for RAM Four Hialeah, a 54-unit community in Hialeah that was completed in August. The firm also has refinanced two assets: The Devonshire (36) units in Miami Springs with a $3.24 million Freddie Mac loan and Summer Lake Villas in New Port Richey with a $23.2 million Freddie Mac loan. The Devonshire was developed in 1964, and Summer Lake Villas was built in …
RENO, NEV. — Berkadia has arranged the $54.8 million sale of Sagecliff in Reno. Beverly Hills, California-based Kennedy Wilson was the seller, and Korda Group, a California-based family office, was the buyer, according to CoStar. Sagecliff (220 units) was built in 1997 and features a mix of one- and two-bedroom units averaging 941 square feet. The property’s amenity package includes a pool and hot tub, fitness center, clubhouse and detached garages. Kennedy Wilson invested approximately $2 million in capital improvements during its hold period, which began in 2021. Updates included …
LOS ANGELES — Berkadia has arranged the $6.8 million sale of Altezza, a 16-unit property in the Westchester neighborhood of Los Angeles. Steffan Braunlich of Berkadia El Segundo led the transaction on behalf of the seller, Revere Investments of Rolling Hills Estates, California. The buyer was Edud Investments based out of Corona, California. The deal closed on Sept. 21. Located at 6925 Kittyhawk Ave., the property was built in 1993 and features 16 two-bedroom, two-bathroom apartments, including upper-level, two-story loft layouts. The property also includes in-unit stackable washers and dryers, …
HOUSTON — Berkadia has arranged a two-property sale in Midtown Houston. The communities, 220 and 230 West Alabama, comprise 131 units. The buyer was locally based Fat Property. Berkadia’s Houston-based team of Kyle Whitney, Chris Curry, Jeffrey Skipworth, Chris Young, Joey Rippel and Tucker Fama represented the seller, an affiliate of Culver City, California-based Realty Center Management Inc. Built in 1960 and 1965 respectively, 220 and 230 West offer studio, one- and two-bedroom apartments as well as pools, fitness centers and pet amenities.
WASHINGTON, D.C. — Locally based Carr Properties is redeveloping a vacant office building at 2121 Virginia Ave. in Washington, D.C.’s Foggy Bottom neighborhood. Berkadia has arranged a $92 million construction loan through PNC Bank. Carr paid $23.5 million for the property in November 2025. The project was awarded a 20-year property tax abatement through D.C.’s Housing in Downtown program, an incentive aimed at encouraging commercial-to-residential conversions. Carr plans 30 affordable units as part of the roughly 300-unit project. Rent restrictions have not officially been disclosed, but they are expected to …
WESLEY CHAPEL, FLA. — Berkadia has arranged a $44 million loan to refinance The Harlow, a 248-unit community completed in 2024 in Wesley Chapel, 23 miles north of Tampa, Florida. Walton Street Capital provided the three-year, floating-rate loan that takes out the property’s existing construction debt. The borrowers are Mast Capital and Rockpoint. The Harlow is a four-story community on approximately 16 acres that is comprised of one-, two- and three-bedroom residences and a resort-style pool, fitness center, walking trail, electric vehicle charging stations, detached garages and coworking spaces, which …
Berkadia Arranges $35M Construction Loan for Third Phase of Metro Miami’s Casa Princeton
HOMESTEAD, FLA. — Berkadia has arranged a $35 million construction loan for the third phase of development of Casa Princeton, a 162-unit, eight-story community in the South Miami-Dade County neighborhood of Princeton. The project marks the final phase of the Casa Princeton master-planned community, which encompasses 374 units. Completion of Phase III is slated for early 2028. Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez of Berkadia Miami arranged the financing on behalf of the developer, Aconcagua Group. S3 Capital was the lender. Located at 12867 SW 248th St., …
Bayshore Investment Partners Acquires Metro Orlando BTR Development for $29.4M, Berkadia Arranges Acquisition Loan
ST. CLOUD, FLA. — Berkadia has arranged a $19.1 million loan for Miami-based Bayshore Investment Partners’ (BIP) acquisition of Ibis Park at Harmony West in St. Cloud, about 30 miles south of Orlando. Ibis Park at Harmony West is a 101-home build-to-rent community. Coral Gables, Florida-based BIP bought the property from D.R. Horton for $29.4 million. Brad Williamson, Kyle Ryan, Mitch Sinberg, Scott Wadler and Matt Robbins of Berkadia Miami arranged the five-year, fixed-rate loan. This is the fourth Florida BTR community BIP has acquired from D.R. Horton. The other …