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Pointe Grand Warner Robins in Warner Robins, Georgia
BerkadiaFinanceGeorgiaNewsSoutheast

Berkadia Arranges $36.8 Million Loan for Pointe Grand Warner Robins in Warner Robins, Georgia

by Channing Hamilton

WARNER ROBINS, GA. — Berkadia has arranged a $36.8 million loan for Pointe Grand Warner Robins, a 288-unit property in Warner Robins. Located at 1601 Leverette Road, Pointe Grand Warner Robins consists of ten residential buildings and a clubhouse. Each residential building rises three stories. Units come in two-bedroom layouts and are 1,170 square feet in size. Amenities include a pool, fitness center and business center. Berkadia’s Proprietary Lending Group provided the loan, which features a two-year, competitive floating-rate with extensions and full-term interest only. Michael Weinberg and Wesley Moczul …

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BerkadiaCaliforniaFinanceNewsWestern

Berkadia Arranges $67.2 Million to Refinance Northpoint Apartments in San Francisco

by Channing Hamilton

SAN FRANCISCO — Berkadia has negotiated a $67.2 million loan to refinance debt on Northpoint Apartments, a 514-unit complex in San Francisco. Andy Ahlers of Berkardia’s San Francisco office secured the permanent five-year loan through Fannie Mae. The borrower was NP Apartments LLC. Located at 2211 Stockton St., Northpoint Apartments offers units in studio, one- and two-bedroom floor plans. Amenities include two pools, a fitness center and laundry facilities.

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BerkadiaFloridaInvestment SalesNewsSoutheast

Berkadia Brokers Sale of Berkshires at Citrus Park in Tampa, Florida

by Channing Hamilton

TAMPA, FLA. — Berkadia has arranged the sale of Berkshires at Citrus Park, a 264-unit community in Tampa’s Citrus Park submarket. Berkshire Residential sold the property to Nuveen Real Estate for an undisclosed price. Matt Mitchell, Jason Stanton and Bailey Smith of Berkadia represented the seller in the deal. Situated at 6201 Gunn Highway, Berkshires at Citrus Park offers amenities such as a pool with a sun deck, fitness and cardio center, clubhouse with business center, gated access, lake with fountain and fishing pier, two dog parks and a picnic …

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BerkadiaGeorgiaInvestment SalesNewsSoutheast

Berkadia Brokers $70.5 Million Sale of Grace Apartment Homes Roswell in Atlanta Suburb

by Channing Hamilton

ROSWELL, GA. — Berkadia has brokered the $70.5 million sale of Grace Apartment Homes Roswell, a 396-unit multifamily property in the northern Atlanta suburb of Roswell. Andrew Mays, Paul Vetter, Matt White, Judy MacManus and Ian Shaw of Berkadia represented the seller, MSC Investment, in the deal. RH Investment Management purchased the property. Grace Apartment Homes Roswell offers one-, two- and three-bedroom units. Amenities include a pool, fitness center, clubhouse and a business center.

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BerkadiaFloridaInvestment SalesNewsSoutheast

Berkadia Brokers Sale of Reserve at Palmer Ranch in Sarasota, Florida

by Channing Hamilton

SARASOTA, FLA. — Berkadia has arranged the sale of Reserve at Palmer Ranch, a 320-unit community located at 4100 Winners Circle in Sarasota. Built in 1990, Reserve at Palmer Ranch features two- and three-bedroom units, as well as a fitness studio, two pools, bark park, car care center and a courtyard with communal games. Strategic Holdings sold the asset to MLG Capital. Berkadia’s Jason Stanton, Cole Whitaker and David Etchison represented the seller in the deal. John Koeijmans of Berkadia’s Dallas office arranged financing on behalf of the buyer. The …

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BerkadiaBuild-to-RentDevelopmentFloridaInvestment SalesNewsSoutheast

Berkadia Brokers $37.5 Million Acquisition Loan for Build-to-Rent Project in Port St. Lucie, Florida

by Channing Hamilton

PORT ST. LUCIE, FLA. — Berkadia has arranged a $37.5 million forward acquisition loan for Tavalo Tradition, a 216-unit build-to-rent development underway in Port St. Lucie. An investment vehicle managed by GTIS Partners purchased the townhome-style community from K. Hovnanian. Scott Wadler and Matt Nihan of Berkadia arranged the financing through an unnamed national bank on behalf of GTIS Partners, which will obtain the capital in draws. Tavalo Tradition will be situated within the 2,500-acre Tradition master-planned community. Units will come in two- and three-bedroom townhomes and average 1,387 to 1,494 …

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19th & Graf Apartment Homes in Bozeman, Montana
BerkadiaDevelopmentFinanceMontanaNewsWestern

Berkadia Arranges $72.9 Million for Phase Two of 19th & Graf Apartment Homes in Bozeman, Montana

by Channing Hamilton

BOZEMAN, MONT. — Berkadia has arranged $72.9 million in construction financing for the second phase of the existing 19th & Graf Apartment Homes in Bozeman. The second phase of the project will include 260 units in one-, two- and three-bedroom layouts. Amenities will include a clubhouse with a community room, fitness center, yoga studio, game room, resident lounge, business center, sports simulator and a pool with cabanas, outdoor grilling stations and lawn games. Construction on the entire project is set to be completed by September 2025. The general contractor is Dick …

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BerkadiaInvestment SalesMidwestMissouriNews

Berkadia Negotiates Sale of 120-Unit Majestic Stove Lofts in St. Louis

by Channing Hamilton

ST. LOUIS — Berkadia has brokered the sale of Majestic Stove Lofts, a 120-unit community in St. Louis. Built in 2006 at 2017 Washington Ave., Majestic Stove Lofts was 96 percent occupied at the time of sale. Andrea Kendrick, Ken Aston and Bobby Mills of Berkadia represented the seller, St. Louis-based Regency Realty Co. LLC. A California-based buyer acquired the asset. The sales price was not disclosed.

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BerkadiaCaliforniaInvestment SalesNewsWestern

Berkadia Arranges Sale of 348-Unit Broadstone Cavorain Laguna Niguel, California

by Channing Hamilton

LAGUNA NIGUEL, CALIF. — Berkadia Institutional Solutions has brokered the sale of Broadstone Cavora in Laguna Niguel. A California-based investor acquired the property for an undisclosed price. Derrek Ostrzyzek, Rachel Parsons and Tom Moran of Berkadia Irvine, Calif., represented the undisclosed seller in the deal. Broadstone Cavora offers 348 apartments with walk-in closets, private patios and in-unit washers and dryers. Amenities include a resident clubhouse, pool, fitness center, rooftop sun terrace, game room and leisure lawn.

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Venetian Apartments in Fort Myers, Florida
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $217 Million Recapitalization for Three-Property Portfolio in Central Florida

by Channing Hamilton

ORLANDO AND FORT MYERS, FLA. — Berkadia has arranged $217 million in debt and equity financing for the recapitalization of a portfolio in Orlando and Fort Myers. Mitch Sinberg, Brad Williamson, Scott Wadler and Matthew Robbins of Berkadia South Florida arranged the financing on behalf of the borrower, a joint venture between JSB Capital Group and BLD Group. Freddie Mac provided a $185.4 million, fixed-rate loan with a 10-year term at a 60 percent loan-to-value. Related Fund Management provided $31.8 million in preferred equity.  The portfolio comprises 1,139 units across …

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