Berkadia Facilitates Refinancing for Ocoee Apartments

Berkadia Facilitates Refinancing for Ocoee Apartments

Berkadia, a leading commercial real estate company, has successfully secured financing for Advenir at the Oaks in Orlando’s Ocoee submarket. The property is a 408-unit garden-style multifamily complex. Charles J. Foschini, Christopher Apone, Lourdes Carranza-Alvarez and Shannon Wilson of Berkadia Miami worked together to secure a $54.7 million loan on behalf of Advenir.

The loan was originated by Berkadia and purchased by Freddie Mac with a fixed-rate for five years and a 65 percent loan-to-value ratio.

Advenir at the Oaks was built in two phases between 1989 and 1991 on Old Winter Garden Road (3100 &3200). It offers one-, two-, and three-bedroom apartments along with various community amenities such as swimming pools, clubhouse with fitness center & business center open round-the-clock; bark park; laundry facilities (two); tennis/pickleball court; basketball court; playgrounds etc.

The location of Advenir at the Oaks makes it an ideal choice for commuters as it is just minutes away from Valencia College & University of Central Florida campuses while being only fifteen minutes away from Orlando International Airport or Downtown Orlando via car ride – making it easily accessible to residents.

In summary:

– Berkadia secures financing for Advenir at the Oaks in Ocoee submarket
– Property is a garden-style multifamily complex with 408 units
– Loan worth $54.7 million arranged by Charles J.Foschini et al.
– Originated by Berkadia & purchased by Freddie Mac
– Fixed-rate over five years with LTV ratio capped at 65%
– Built between ’89-’91 @ Old Winter Garden Rd., offering one-three bedroom apartments + amenities like pool(s), clubhouse w/24-hr gym/business centers,bark park,two laundry facilities,court(s)for sports/playground
– Short commute to Valencia College, UCF; 15 mins from Orlando Int’l Airport & Downtown Orlando by car

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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