Berkadia has secured financing for Eagle Property Capital to acquire a two-property multifamily portfolio in Orlando, FL with a combined total of 310 units. Fannie Mae provided the $35-million, 10-year loan, with five years of interest only.

Mitch Sinberg, Matt Robbins and Abigail Beauchamp of Berkadia Boca Raton, along with Brad Williamson of Berkadia Miami, secured the financing on behalf of EPC. The acquisitions mark EPC’s entry into the Orlando market.

The 1973-buit properties are Carlyle Court and Pendelton Park Villas, located across the street from each other on Curry Ford Road.  EPC will consolidate operations and rebrand the entire community under the name “Sunset Place” and will implement a repositioning strategy for both properties.

“Carlyle Court and Pendelton Park Villas have quick access to Orlando’s major employment drivers and new ownership can increase income by 30% upon completion of the value-add program,” said Robbins.