Berkadia arranges Florida sale financing

Orlando, Fla. (Walk 18, 2019) – Berkadia declares it has organized the closeout of a five-property multifamily portfolio in focal and north Florida. The properties, situated in Gainesville, St. Petersburg and Daytona Beach, were offered to two separate purchasers.

Senior Managing Director Cole Whitaker and Director Mary Beale of Berkadia’s Orlando office, alongside Senior Director Jason Stanton of Berkadia’s Tampa office and Director Greg Rainey of Berkadia’s Jacksonville office, spoke to the merchant, The McKinley Companies, a land speculation firm situated in Ann Arbor, Michigan.

Sun Pointe Lake Apartments (96 units) and Sun Pointe Apartments (119 units), both in Daytona Beach, were procured alongside Windmeadows Apartments (323 units) in Gainesville by GoldOller Real Estate Investments. Berkadia additionally verified the financing for these three properties through Freddie Mac and Fannie Mae. Senior Managing Director Robert Falese of Berkadia’s Philadelphia office masterminded the financing.

Benchmark Group bought the Sailpointe Apartments (60 units) in South Pasadena and El Mar Apartments (42 units) in North Redington, both close St. Petersburg.

“As Florida’s populace keeps on developing with around 1,000 individuals every day and is home to the country’s third biggest workforce, the closeout of this portfolio shows solid enthusiasm for multifamily interest in optional markets because of an assortment of positive elements attracting new occupants to the state,” said Whitaker.

Worked in 1986, Sun Pointe Lake Apartments is situated at 1757 South Clyde Morris Boulevard. Two-room units incorporate dishwasher, transfer and lake sees. Network civilities incorporate clothing offices, Wi-Fi, excursion zone, wellness focus, tennis court and pool.

Worked in 1986 and remodeled in 2001, Sun Pointe Apartments is situated at 1250 Woodcrest Drive. One-room units remember dishwasher and stroll for wardrobes. Network civilities incorporate a business focus, wellness focus, spa, pool, clothing offices and cookout region with flame broil.

Worked in 1972, Windmeadows Apartments is situated at 3700 Windmeadows Boulevard. One-and two-room units incorporate dishwasher, range, microwave and stroll in storage rooms. Network courtesies incorporate a wellness focus, sauna, pool, ball court, game room, vehicle wash territory and clothing offices.

Worked in 1969, Sailpointe is situated at 6742 Gulfport Boulevard. One-and two-room units incorporate hardened steel apparatuses, dishwasher, transfer, sunroom, and stroll in wardrobes. Network civilities incorporate a sundeck, cookout zone, and lake access with pontoon docks.

Worked in 1972, El Mar is situated at 17035 Gulf Boulevard. Two-room condos incorporate hardened steel machines, dishwasher, transfer, go, breakfast alcove, hardwood floors, sunroom, stroll in storage rooms, and window covers. Network pleasantries incorporate a wellness focus, bicycle stockpiling, relax, café, housetop relax, sundeck, patio and grill zone.