
Berkadia Arranges $40.7M Recap of Orlando Mixed-Use High-Rise
Berkadia arranged $40.7 million for the recapitalization of One Eleven, a 30-story high-rise in downtown Orlando. The property features office, retail, and residential space. Senior Managing Director Charles Foschini, Managing Director Chris Apone and Associate Director Shannon Wilson of Berkadia South Florida secured the financing on behalf of the sponsor, Lincoln Orlando Holdings, LLC.g
Lender Morgan Stanley provided the five-year, full-term interest-only loan.
Built in 2008, the property features 11,076 square feet of ground floor retail, nine parking levels, 152,360 square feet of Class A Office space, and 164 apartments.
Commercial tenants include Ocean Bank and Daily Bread, Innovative Systems Group of FL, McDonald Toole Wiggins PA, National Society of Leadership and Success, Atwell Engineers, Skanska, and Huitt-Zollars, Inc. The residential portion, โAspire,โ includes studio, one-, two-, and three-bedroom apartments. Residential amenities include roof-top pool deck and amenity level with balcony, health club, and fitness center.
- ◦Financing