Berkadia Arranges Loan for Orlando-Area BTR Purchase

Berkadia arranged acquisition financing for Cedar Ridge at Forest Lake, a new build-to-rent (BTR) community consisting of 70 single-family homes in the fast-growing Orlando suburb of Davenport, Florida.

Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew Robbins, and Kyle Ryan of Berkadia Miami secured $13.2 million in acquisition financing on behalf of Bayshore Investment Partners, the sponsor. 

Fannie Mae provided the seven-year loan with a full-term interest-only amortization schedule at a fixed rate of 5.09 percent. 

Built in 2023, Cedar Ridge at Forest Lake features spacious three-, four-, and five-bedroom homes with integrated smart home technology, attached two-car garages and private fenced backyards. Community amenities include on-site management, pet-friendly spaces, a playground, a pool, and much more. 

Located at 2860 Cedar Ridge Court, the property is along U.S. Route 27 and near the Interstate 4 corridor, which connects Orlando and Tampa.