Berkadia South Florida secured a senior lender and preferred equity provider for the $51.5 million refinancing of The Village at Eastpointe Apartments, a 296-unit apartment complex in Fort Lauderdale, FL. Managing Director Brad Williamson, Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Matt Robbins, as well as Associate Director Wesley Moczul arranged capital on behalf of R.O.I Capital with Freddie Mac providing the $42.54 million five-year fixed rate loan with two years of interest only payments followed by open prepayment in year three; RCG Longview contributed an additional $8.96 million in equity to complete the transaction..
Located at 5201 North Dixie Hwy., The Village was built in 1974 and renovated most recently 2022 offering one-and two bedroom units ranging from 750 to 950 square feet featuring walk-in closets ceiling fans stainless steel appliances dishwashers mini blinds patios/balconies along with community amenities such as onsite management gym 2 pools 2 laundry rooms clubhouse etc .
This post highlights how Berkadia South Florida successfully facilitated a refinancing package worth over fifty one point five million dollars for The Village At Eastpointe Apartments located within Fort Lauderdale FL which included forty two point fifty four millions dollars debt financing plus eight point ninety six millions dollar equity contribution from RCG Longview
