**Berkadia Arranges $38.35M Recapitalization for Tampa Multifamily Property**
Berkadia has successfully arranged the debt and equity recapitalization of Pointe at Carrollwood, a 224-unit value-add apartment community located in northwest Tampa, Florida.
Built in 1984, Pointe at Carrollwood is located at 4949 Marbrisa Drive and is nestled within a natural conservation area. The community features lush landscaping and serene natural lakes, offering residents a tranquil living environment.
The Berkadia team—led by Scott Wadler, Matt Nihan, Matt Robbins, Brad Williamson, and Mitch Sinberg from the Miami and Boca Raton offices—negotiated the financing on behalf of Beacon Real Estate Group.
Berkadia originated the $29.93 million five-year fixed-rate loan, which was provided by Freddie Mac. Additionally, Atlantic Pacific Companies contributed an $8.42 million preferred equity investment, resulting in a total financing package of $38.35 million.
Beacon Real Estate Group acquired the property in March 2022 and has since invested over $3.6 million in capital improvements. The property currently maintains a strong occupancy rate of 95%.
“Proceeds of the loan will be used to pay off the prior acquisition loan and allow the sponsor to continue its value-add business plan,” said Scott Wadler of Berkadia.
This recapitalization supports Beacon’s ongoing strategy to enhance property value and improve resident experience through targeted renovations and upgrades.
