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south-pointe-Miami
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $21.5M Refinancing For 170-Unit Miami Community

by Lynn Peisner

MIAMI — Berkadia has arranged a $21.5 million loan on behalf of Rental Asset Management (RAM) to refinance South Pointe Apartments, a 170-unit community located in the West Perrine neighborhood of Miami. Matthew Robbins, Mitch Sinberg, Scott Wadler, Brad Williamson and Hugo Hernandez of Berkadia Boca Raton secured the financing on behalf of RAM, a Fort Lauderdale, Florida-based multifamily owner and operator. The five-year, fixed-rate Fannie Mae loan features full-term interest-only payments and a 35-year amortization schedule. Located at 17800 SW 107th Ave., the 1971-built development is a two-story, garden-style …

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Parc-Place-Miami-Gardens
FinanceFloridaNewsSoutheast

The Lynd Group Obtains $34.5M Refinancing for Parc Place Apartments in Metro Miami

by Lynn Peisner

MIAMI GARDENS, FLA. — The Lynd Group has secured a $34.5 million loan, provided by A10 Capital, to refinance Parc Place, a 234-unit community in Miami Gardens, about 17 miles north of Miami. The Lynd Group, an investment, development and property management firm based in San Antonio, acquired Parc Place in 2021 for $40.8 million. The loan will support the company’s ongoing renovations. According to CEO David Lynd, monthly rent increases so far during the hold period have ranged from $120 to $150. Unit improvements include new flooring, countertops, stainless …

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Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

North River Partners, Amzak Capital Provide $68.5M Construction Loan for Fort Lauderdale’s Flats Flagler Gateway

by Lynn Peisner

FORT LAUDERDALE, FLA. — North River Partners and Amzak Capital Management have provided a $68.5 million construction loan to CEDARst Cos. for the development of Flats Flagler Gateway in Fort Lauderdale. The 215-unit, 12-story building at 745 N. Andrews Ave. will include a mix of studio, one-, two- and three-bedroom apartments, some of which will be offered at below-market-rate rents. Specific restrictions were not disclosed. Amenities feature a fitness center, pool, outdoor deck and coworking space. Dorskly + Yue International is the architect. Construction is expected to begin in May …

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Gran-Bay-Apartments-Jacksonville
FinanceFloridaNewsSoutheast

Mesa West Funds $50M Loan to Refinance Gran Bay in Jacksonville

by Lynn Peisner

JACKSONVILLE, FLA. — Mesa West Capital has provided Beachwold Residential a $50.5 million refinancing loan for Gran Bay Apartments in Jacksonville. The financing was arranged by Walker & Dunlop. Gran Bay Apartments was developed in 2015 and includes 308 unit and 14 buildings situated on 15.5 acres. A mix of one-, two- and three-bedroom units are offered alongside amenities such as a resort-style pool, fitness center, grilling areas, fire pits and a dog park.

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Nova-Central-Davie
FloridaInvestment SalesNewsSoutheast

Berkadia Brokers Sale of Nova Central in Davie, Florida

by Lynn Peisner

DAVIE, FLA. — Berkadia has arranged the sale of and financing for Nova Central, a 140-unit property in Davie, about 11 miles west of Fort Lauderdale, Florida.  Jaret Turkell, Omar Morales and Yoav Yuhjtman of Berkadia South Florida led the transaction on behalf of the seller, Robbins Property Associates of Tampa, Florida. The property sold to Denver-based McDowell Properties. Josh Finley of Berkadia Atlanta and Matt Robbins of Berkadia Boca Raton, arranged an undisclosed amount of acquisition financing.

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Ekos-at-Warrington-McDowell
Affordable HousingDevelopmentFloridaNewsSoutheast

McDowell Housing Partners to Build $41.9M Affordable Housing in Pensacola

by Lynn Peisner

PENSACOLA, FLA. — McDowell Housing Partners has announced plans for Ekos at Warrington, a $41.9 million affordable housing community in Pensacola. Construction is slated for completion by the third quarter of 2027. The 120 units at Ekos at Warrington will be reserved for tenants earning between 40 and 60 percent of area median income. Fifty percent of the units will be set aside for active-duty military members, veterans and their families. Half of those units, representing 5 percent of the total project, will be reserved for veterans experiencing homelessness. The …

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Emi-on-50-Orlando
DevelopmentFinanceFloridaNewsSoutheast

Terian Development Closes on Financing, Breaks Ground on Emi on 50 in Orlando

by Lynn Peisner

ORLANDO, FLA. — Terian Development, the development arm of Terian Group, has broken ground on Emi on 50 in Orlando after securing a construction loan for an undisclosed sum through lender PCCP. JLL arranged the financing. The 336-unit mid-rise project is slated for completion in 2028. Emi on 50 includes studios, one-, two- and three-bedroom units as well as townhomes. Amenities feature a rooftop pool and terrace, a ninth-floor pickleball court, a courtyard, coworking spaces and a speakeasy-inspired lounge. The property will be managed by Willow Bridge Property Co.

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Parks-at-Hallandale-Florida
DevelopmentFloridaNewsOperationsSoutheast

Move-Ins Begin at 13th Floor’s Parks at Hallandale

by Lynn Peisner

HALLANDALE BEACH, FLA. — Miami-based developer 13th Floor Investments has completed the first two residential buildings in its Parks at Hallandale project in Hallandale Beach and obtained a temporary certificate of occupancy allowing the first residents to move into the property. The community offers a mix of studio through three-bedroom floor plans across what will be seven residential buildings on a 15.5-acre site. The remaining five buildings are expected to be complete by this summer. Unit size ranges from 600 to 1,400 square feet, while monthly asking rents begin at …

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Alta-Roosevelt-St-Petersburg
Affordable HousingDevelopmentFloridaNewsSoutheast

Wood Partners Plans May Groundbreaking for St. Petersburg Mixed-Income Project

by Lynn Peisner

ST PETERSBURG, FLA. — Wood Partners will break ground in May on Alta Roosevelt, a 381-unit community on 11.6 acres along Roosevelt Boulevard in St. Petersburg. Under Florida’s Live Local Act, which allows developers to build on land not originally zoned for residential if affordable housing is included, 40 percent of the units will be reserved for renters earning 120 percent or less of area median income. Completion is slated for April 2028. An existing office building on the site will be demolished, while the office’s parking garage will be …

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Trailside-Fort-Myers
DevelopmentFloridaNewsSoutheast

Ryan Cos. Breaks Ground on 350-Unit Project in Fort Myers

by Lynn Peisner

FORT MYERS, FLA. — Ryan Cos. has begun construction of Trailside at Dia Crossing, an eight-building, 350-unit project in Fort Myers. Completion is slated for the first quarter of 2027. The property is situated by a 30-acre nature preserve with a kayak launch to Estero Bay. Amenities include a resort-style pool, 9,500-square-foot clubhouse, fitness center, sauna, cold plunge and yoga deck. Ryan is serving as builder, developer and architect, with its in-house architecture group Ryan A+E Inc. U.S. Bank provided construction financing for the project.

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