The Village at Eastpointe Refi Includes $42.54 Million in Debt, $8.96 Million in Equity
Berkadia 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, and Associate Director Wesley Moczul of Berkadia South Florida arranged capital on behalf of R.O.I. Capital.
Freddie Mac provided the $42.54 million, five-year, fixed-rate loan with two years of interest-only with open prepay in year three. RCG Longview contributed $8.96 million in equity.
Located at 5201 North Dixie Hwy, the community was built in 1974 and renovated in 2022. Its one- and two- bedroom apartments range from 750 to 950 square feet. Features include walk-in closets, ceiling fans, stainless steel appliances, a dishwasher, mini blinds, patios and balconies. Community amenities include on-site management, gym, two pools, two laundry rooms, and clubhouse.
The Village at Eastpointe Refi Includes $42.54 Million in Debt, $8.96 Million in Equity
The Village at Eastpointe Refi Includes $42.54 Million in Debt, $8.96 Million in Equity
Berkadia 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, and Associate Director Wesley Moczul of Berkadia South Florida arranged capital on behalf of R.O.I. Capital.
Freddie Mac provided the $42.54 million, five-year, fixed-rate loan with two years of interest-only with open prepay in year three. RCG Longview contributed $8.96 million in equity.
Located at 5201 North Dixie Hwy, the community was built in 1974 and renovated in 2022. Its one- and two- bedroom apartments range from 750 to 950 square feet. Features include walk-in closets, ceiling fans, stainless steel appliances, a dishwasher, mini blinds, patios and balconies. Community amenities include on-site management, gym, two pools, two laundry rooms, and clubhouse.
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