Berkadia Arranges $38.6M Refinancing of Apartment Community in Tampa

Family sells 156-unit Somerville, New Brunswick portfolio after six decades, Berkadia says – Real Estate NJ

Lexington and Jefferson Apartments at 21 Oak Terrace in Somerville — Courtesy: Berkadia By Joshua Burd The family owners of a combined 156 apartments in Somerville and New Brunswick have sold the portfolio in separate transactions, brokers with Berkadia announced. According to the listing team, the deals mark the first sale of either property since their construction more than 60 years ago. They include The Lexington and Jefferson Apartments, a …

Berkadia Arranges $38.6M Refinancing of Apartment Community in Tampa

TAMPA, FLA. — Berkadia has arranged $38.6 million in debt and equity financing for the recapitalization of Pointe at Carrollwood, a 224-unit apartment community located at 4949 Marbrisa Drive in Tampa. The financing includes a $29.9 million, five-year, fixed-rate Freddie Mac loan and a preferred equity investment of $8.4 million from Miami-based Atlantic Pacific Cos. Scott Wadler, Matt Nihan, Matt Robbins, Brad Williamson and Mitch Sinberg of Be…

Berkadia Arranges Sale and Financing of Addison Landing in Jacksonville

Berkadia, a distinguished leader in the commercial real estate sector, announced the sale of Addison Landing, a 289-unit multifamily community located in Jacksonville, Florida. Senior Director Greg Rainey, along with Berkadia Central & North Florida, led the transaction on behalf of the seller, WRH Realty of St. Petersburg, Florida. Matt Robbins, Mitch Sinberg, Brad Williamson, Scott […] The post Berkadia Arranges Sale and Financing of Addison L…