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Florida & Gulf Coast   /   February 17, 2021

David Cohen
By: David Cohen

Berkadia Secures $33M Recapitalization for Tampa MF Portfolio

Berkadia has secured a $33 million loan to refinance a three-property, 502-unit multifamily portfolio in Tampa.

The portfolio consists of Uptown Apartments, a 292-unit community built in 1973; Montierra Apartments, a 96-unit garden style community built in 1970 and Palm Square Homes, a 114-unit garden-style community built in 1975. Amenities at the properties include swimming pools, dog parks, picnic areas and laundry facilities.

Scott Wadler of Berkadia’s Miami office and Wesley Moczul of Berkadia’s Orlando office secured the financing on behalf of Ambrus Asset Management, a real estate investment firm based in Tampa. Berkadia originated the three Fannie Mae-backed loans.

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David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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