Berkadia, a leading commercial real estate services and finance company, recently facilitated the acquisition financing for Cedar Ridge at Forest Lake. This new build-to-rent (BTR) community is located in Davenport, Florida – a rapidly growing suburb of Orlando.
The loan was secured by Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew Robbins and Kyle Ryan from Berkadia’s Miami office on behalf of Bayshore Investment Partners – the sponsor. Fannie Mae provided a seven-year loan with full-term interest-only amortization at a fixed rate of 5.09%.
Cedar Ridge at Forest Lake was built in 2023 and offers 70 single-family homes with three to five bedrooms each. These homes feature integrated smart home technology as well as attached two-car garages and private fenced backyards for residents’ convenience.
Residents can also enjoy various community amenities such as on-site management services, pet-friendly spaces including playgrounds and pools.
Conveniently located along U.S Route 27 near Interstate-4 corridor connecting Orlando to Tampa Bay area; this property is situated at 2860 Cedar Ridge Court making it an ideal location for commuters or those looking to explore both cities easily.
In summary: Berkadia has successfully arranged acquisition financing worth $13.2 million for Cedar Ridge at Forest Lake – an exciting BTR community offering modern living options in one of Florida’s fastest-growing suburbs near major transportation routes connecting popular cities like Orlando and Tampa Bay.
