Berkadia, a distinguished leader in the commercial real estate sector, announces that it secured a $33.3 million loan for the acquisition of Gateway on 4th Apartments, a 304-unit multifamily asset in St. Petersburg, Florida.
Managing Director Brad Williamson and Associate Director Wes Moczul, along with Senior Managing Director Mitch Sinberg, and Managing Directors Scott Wadler and Matt Robbins of Berkadia Miami and Boca Raton, arranged the financing on behalf of a Texas-based firm. The deal closed on June 30.
Berkadia originated a Freddie Mac-backed fixed-rate loan with a five-year term and three-years interest-only.
“The sponsor saw an opportunity to expand its footprint in Florida with a well-located multifamily asset in good condition with an exceptionally strong occupancy history in one of Florida’s fastest-growing metros,” said Williamson. “Freddie Mac provided competitive terms that will allow the firm to confidently execute on its business plan.”
Built in 1974 and located at 501 116th Avenue, Gateway on 4th Apartments consists of 32 two-story apartment buildings on a 15-acre site offering a mix of one-, two- and three-bedroom apartments ranging from 618 square feet to 1,498 square feet. Amenities include a swimming pool with sundeck, 24-hour fitness center, bark park, dog wash station, outdoor kitchen with picnic seating, firepit area, jogging trail, and children's playground. Renovations planned for the community include adding washer/dryers to units, installing new appliances, and replacing floors and fixtures as needed.
Conveniently located 5 minutes from I-275 and Highway 92, Gateway on 4th Apartments is just 20 minutes from downtown Tampa, 15 minutes from Downtown St. Petersburg, and 25 minutes from the beaches of St. Pete. It is located near several of the area’s top schools and employers, including Pinellas County Schools, St. Petersburg College, Galen College of Nursing, Publix, Jabil, HSN, and HCA Florida Northside Hospital.
About Berkadia®:
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
To learn more about Berkadia, please visit www.berkadia.com.
Berkadia, distinguished leader in the commercial real estate sector, announced today the sale of Addison Landing, a 289-unit multifamily community located in Jacksonville, Florida. Senior Director Greg Rainey, along with Berkadia Central & North Florida, led the transaction on behalf of the seller, WRH Realty of St. Petersburg, Florida. The property was acquired for an undisclosed price by Argyle Real Estate Capital of Tampa, Florida. Matt Robbins, Mitch Sinberg, Brad Williamson, Scott Wadler, and Hugo Hernandez of Berkadia Boca Raton and Miami lined up financing for the buyers.
Berkadia originated a $31.3 million Freddie Mac-backed loan with a 10-year term, floating rate, and 7 years interest-only. The deal closed on June 12, 2025. The property was 96% occupied at the time of sale.
“Addison Landing presented a rare opportunity to acquire a well-maintained asset with over a decade of meticulous ownership. The Buyer will have the opportunity to unlock additional value through a light enhancement program, capitalizing on the property’s location in a rapidly growing submarket of west Jacksonville near key demand drivers, including Cecil Commerce Center and the First Coast Expressway,” explained Rainey. “This was a great team effort, and we are proud to have partnered closely with Berkadia’s Florida debt team to bring Addison Landing to a successful close.”
Built in 2007 on a 19-acre site at 9455 103rd Street, Addison Landing is a garden-style multifamily community consisting of 34 two- and three-story buildings. The property boasts 7 different floor plans including one-, two-, three-, and rare four-bedroom units. Average unit size is 1,126 square feet, providing some of the largest apartment floor plans in this submarket. Prior ownership had invested $4.6 million in community enhancements, leaving 241 units (over 80%) in classic condition and ripe for improvements. Select units offer private fenced yards, vaulted ceilings, and lake views. Community amenities include a swimming pool, sundeck, outdoor kitchen and poolside lounge; clubhouse with fitness center, kitchen, billiards room, and business center; playground, bark park with dog wash area, pet stations, and package locker system; and detached garages, valet trash and on-site maintenance.
Addison Landing is 25 minutes from Downtown Jacksonville and 30 minutes from Jacksonville International Airport. The property is conveniently located just minutes from I-295 and the First Coast Expressway, providing convenient access to the entire Jacksonville MSA. The property sits just minutes from the bustling Cecil Commerce Center, which employs over 7,000 employees and includes powerhouse tenants like Boeing, Amazon, and Bridgestone, along with the Naval Air Station Jacksonville (21,000+ employees), and HCA Orange Park Hospital (1,170 employees).
About Berkadia®:
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
Berkadia, a distinguished leader in the commercial real estate sector, announces that it arranged the debt and equity recapitalization of Pointe at Carrollwood, a 224-unit value-add apartment community located in northwest Tampa, Florida. Berkadia was able to provide an attractively priced recapitalization for the borrower combining fixed-rate agency financing with preferred equity to solve for the property's upcoming loan maturity.
Managing Director Scott Wadler and Senior Director Matt Nihan, Managing Directors Matt Robbins and Brad Williamson, and Senior Managing Director Mitch Sinberg of Berkadia Miami and Boca Raton negotiated the financing package on behalf of the Sponsor, Miami-based Beacon Real Estate Group.
Berkadia originated and Freddie Mac provided a $29.93 million, five-year fixed-rate loan. In addition, Miami-based Atlantic Pacific Companies, a privately owned real estate firm with expertise in acquisitions, credit, development, and management of multifamily communities throughout the United States, provided a preferred equity investment of $8.42 million, for a total financing package of $38.35 million.
Beacon purchased the property in March of 2022 and has since invested more than $3.6 million in capital improvements. The property is currently 95% occupied.
“Proceeds of the loan will be used to pay off the prior acquisition loan and allow the Sponsor to continue its value-add business plan” said Wadler. “Carrollwood is one of Tampa’s top-performing submarkets for rent growth, and benefits from an infill location that assures limited competition from new development, a prime location close to downtown and major employment centers, and affluent surroundings.”
“We are excited to support Beacon Real Estate Group in the recapitalization of Pointe at Carrollwood. This investment aligns with our strategy of providing structured capital solutions for well-located multifamily assets in high-growth markets like Tampa,” said Matthew Cohen, Vice President at Atlantic Pacific Companies.
Built in 1984 and located at 4949 Marbrisa Drive, Pointe at Carrollwood is situated in a natural conservation area of Tampa, surrounded by lush landscaping and natural lakes. It offers one- and two-bedroom apartments ranging from 629 square feet to 1,050 square feet. Renovated units include modern cabinetry and stainless-steel appliances, quartz or granite countertops, designer details, walk-in closets and an expansive balcony or patio with lakefront or tropical views. Community amenities include a pool with poolside grilling, a fitness center, boardwalk, 24-hour laundry center, car care station, a playground, on-call maintenance and a natural preserve.
Point at Carrollwood is located approximately 15-20 minutes from downtown Tampa, Tampa International Airport, Busch Gardens and the Westshore Business District. Carrollwood is one of Tampa’s top-performing submarkets for rent growth, and benefits from an infill location that assures limited competition from new development, prime location close to downtown and major employment centers, its affluent surroundings.
Greystone, a leading national commercial real estate finance company, has provided a $58.6 million Freddie Mac Workforce Preservation program loan to refinance a 427-unit multifamily property in Elk Grove Village, Illinois. The financing was originated by Greystone Senior Managing Directors Eric Rosenstock and Dan Sacks, on behalf of Bayshore Properties, a long-time Greystone client.
Built in 1968, Terraces of Elk Grove in Cook County is a garden-style community consisting of nine apartment buildings, including a clubhouse, with one- and two-bedroom units. The $58,605,000 non-recourse, fixed rate financing—which refinances an existing Greystone bridge loan on the property—features a 10-year term and 35-year amortization, with five years of interest-only payments. In accordance with Freddie Mac’s Preservation program, 30% of the units are designated for households earning under 80% of Area Median Income (AMI).
“Greystone is committed to facilitating transactions that enable multifamily investors to provide quality, affordable housing to families in and around Chicago,” said Mr. Sacks. “Our wide range of lending platforms means that we have the right solutions for most any property finance need.”
“We’re big fans of Greystone because of their extensive experience in multifamily lending and deep understanding of affordable housing in particular,” said Mr. Nikola Kozul, principal of the borrower. “On every transaction, Greystone exceeds our expectations with financing solutions that work to the benefit of the families who call our properties ‘home’.”
Greystone and Cushman & Wakefield jointly announced they provided acquisition financing for, and arranged the sale of, respectively, Country Place Apartments, a 312-unit multifamily property in Burtonsville, Maryland.
Cushman & Wakefield’s Anthony “TJ” Liberto, Managing Director, and Jorge Rosa, Executive Managing Director, represented the seller in the $62.5 million transaction. Alex Basile, an Executive Director at both Greystone and Cushman & Wakefield, originated a $40.7 million, 7-year Freddie Mac Optigo® loan to finance the acquisition.
Country Place Apartments boasts a range of amenities, including an outdoor pool, fitness center, landscaped exercise paths, on-site dog park, playground, Tech Bar and car care center. The property is located just off Route 29 in Montgomery County, with easy access to major commuter routes like the ICC, I-95, and I-495. Residents can enjoy the shopping, dining, and entertainment options in Burtonsville or in nearby Silver Spring, Laurel, and Columbia.
“Country Place was purchased in a very creative structure utilizing a buy-right PILOT afforded to buyers in Montgomery County to maintain affordability for residents. Our sales execution in an everchanging investor landscape shows that attractive debt and pricing is attainable,” said Jorge Rosa, Executive Managing Director at Cushman & Wakefield.
"Greystone’s collaboration with Cushman & Wakefield enables our clients to benefit from end-to-end solutions for all of their property investment needs," said Alex Basile, Executive Director at both Greystone and Cushman & Wakefield.
Firm Achieves Ranking of #6 Overall Lender by Volume for Fannie Mae, #8 Overall for Freddie Mac; Ranks #1 for Fannie Mae Small Loans Volume in 2024 and 7th Overall for Both GSEs Combined
Greystone Servicing Company LLC, a leading national commercial real estate finance company, announced it ranks in the Top 10 for total production volume of both Fannie Mae and Freddie Mac loans in 2024. Greystone ranks as the #6 lender for Fannie Mae Delegated Underwriting and Servicing (DUS®) loans and as the #8 lender for Freddie Mac Optigo® loans. In total, Greystone ranks as the #7 overall lender for combined Fannie Mae and Freddie Mac loan volume for this period. The rankings are based on recently-released public data on 2024 lending volume from Fannie Mae and Freddie Mac.
In 2024, Greystone once again ranked #1 for volume for all lenders in Fannie Mae Small Loans, illustrating its commitment to middle-market and workforce housing markets nationwide.
“Greystone is committed to helping Fannie Mae and Freddie Mac achieve their mission-driven housing goals – in any market environment – and we celebrate the work they’ve done to date to help support affordable, seniors, and workforce housing nationally,” said Charlie Baxter, head of Agency lending at Greystone. “We are thrilled to be a consistent top lender, and this achievement is a testament to our close working relationship with the GSEs as we navigate the market together.”
Greystone also ranks as the #1* multifamily and healthcare lender in volume for HUD-insured loans during its fiscal year ending September 30, 2024.
*For HUD’s 2024 fiscal year. Based upon combined firm commitments of Greystone Funding Company LLC and Greystone Servicing Company LLC.
