Berkadia arranged $40.7 million for the recapitalization of One Eleven, a 30-story high-rise in downtown Orlando featuring office, retail and residential space. Senior Managing Director Charles Foschini, Managing Director Chris Apone and Associate Director Shannon Wilson secured the five-year full term interest only loan from lender Morgan Stanley on behalf of sponsor Lincoln Orlando Holdings LLC.
Built in 2008, One Eleven boasts 11,076 square feet of ground floor retail as well as nine parking levels with 152 360 square feet of Class A Office space and 164 apartments known as “Aspire” which include studio one-, two-, and three bedroom units with amenities such as roof top pool deck balcony health club fitness center among others. Commercial tenants include Ocean Bank Daily Bread Innovative Systems Group McDonald Toole Wiggins PA National Society Leadership Success Atwell Engineers Skanska Huitt Zollars Inc..
The successful recapitalization marks yet another milestone for Berkadia South Florida team who have been actively involved in arranging financing for various projects across the region
