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Mahaffey Secures $97 Million Construction Loan for Palmetto Apartments

Mahaffey Secures $97 Million Construction Loan for Palmetto Apartments

Berkadia secures $97 million loan for The Carlton at Robinson Gateway, a new 610-unit multifamily community in Palmetto. The financing was arranged by Berkadia South Florida’s Mitch Sinberg, Bryan Brown, Matt Robbins, Scott Wadler and Brad Williamson on behalf of the sponsor, The Mahaffey Apartment Company.

The development is being funded by Goldman Sachs Private Bank within Wealth Management. Simultaneously with the loan closing, Esterline Construction was chosen as the General Contractor for the project.

In November 2023, Mahaffey acquired a 40-acre site located at I-75 and Moccasin Wallow Road for this project. It will feature fifteen four-story buildings with one-, two-, and three-bedroom apartments ranging from 625 to 1

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