Berkadia arranged $36.7 million for three Florida multifamily communities
Connect CRE reports the financing went to Rental Asset Management of Lauderdale, Florida, with two of the three communities in Miami-Dade County.
At a glance
Matthew Robbins and Hugo Hernandez of Berkadia's Boca Raton office led the transactions with Mitch Sinberg, Brad Williamson and Scott Wadler, according to Connect CRE.
Connect CRE's headline calls the loans refinancings, while the report also says the package included acquisition financing.
Berkadia arranged $36.7 million in financing on behalf of Rental Asset Management of Lauderdale, Florida, for three multifamily communities, two of them in Miami-Dade County, Connect CRE reported.
Matthew Robbins and Hugo Hernandez of Berkadia's Boca Raton office led the transactions with Mitch Sinberg, Brad Williamson and Scott Wadler, according to Connect CRE.
Connect CRE's headline calls the loans refinancings, while the report also says the package included acquisition financing. The account does not say which property that tranche covers.
The report does not break out loan amounts by property. Averaged evenly, $36.7 million across three communities works out to roughly $12.2 million each, a size that points to conventional agency or bank execution rather than a structured debt package — an inference from the total, not something the coverage states.
| Item | Detail |
|---|---|
| Arranger | Berkadia (Boca Raton) |
| Borrower | Rental Asset Management of Lauderdale, Florida |
| Amount | $36.7 million |
| Collateral | Three multifamily communities; two in Miami-Dade County |
| Source | Connect CRE |
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