Berkadia has secured a $70.8-million bridge loan for UnionWest at Creative Village in downtown Orlando. The 640-bed, mixed-use student housing complex serves the University of Central Florida/Valencia College Downtown Campus and is 95% leased.

Michael Weinberg, Rebecca Van Reken and Alec Fox of Berkadia Orlando secured the financing on behalf of the sponsors: Development Ventures Group, Ustler Development and Halstatt Real Estate Partners. Bank of America provided the loan.

The 15-story UnionWest’s purpose-built student housing component offers four-bedroom floor plans. Valencia leases 55,000 square feet for educational programs, including its new Walt Disney World Center for Culinary Arts and Hospitality, while UCF leases 46,910 square feet for its academic and student support services.

UnionWest includes approximately 12,000 square-feet of ground floor commercial space. It’s parking garage contains 602 spaces with approximately 300 spaces allocated for residents and the remaining 300 spaces available for public/daily parking.