Pensam, one of the nation’s most active real estate multifamily lenders and investors, announced today that it has provided financing for the Floridian Club of Sarasota, an active adult community located in Venice, Fla. on the Gulf Coast. Pensam provided the $56 million loan to replace the construction financing on the property and provide capital for the lease-up of the newly built 309-unit property. The floating rate loan has a term of three years with extension options.

Berkadia announces it has arranged a $45.93 million loan for the refinance of Ridge@4100, a 320-unit multifamily community located in Kissimmee, Florida. Senior Managing Director Mitch Sinberg and Associate Director Matt Robbins of Berkadia’s Boca Raton office secured the loan on behalf of an affiliate of Insula Companies, a real estate investment firm based in Sarasota, Florida.

Chicago, IL – February 5, 2020 – American Street Capital (“ASC”) announced today that it has secured a $10.92 million bridge loan for a 144-unit multifamily complex in Alsip, IL.

Tampa, Fla. - American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has launched a new Artist in Residence grant program designed to create an engaging and inspiring living experience for residents. The program, currently being piloted at two South Florida properties (Midtown 24 in Plantation and Beach Walk at Sheridan in Dania Beach), will provide no-cost housing and studio space for up to one year for the visual artist selected.

SAN DIEGO – JLL Capital Markets announced today that it has arranged the $6.9 million refinancing of Goforth MH Village, a 73-home site, Class A, age 55+ manufactured home community in Orange, California.

Tampa, Fla. – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has announced it plans to acquire another $1.5 to $2 billion in multifamily properties in 2020, bringing its current portfolio of 33,000 apartment units up to nearly 40,000 units by year end.