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Florida & Gulf Coast  + North Florida  + Finance  | 
The Solera at Kendall West apartments Jacksonville FL

Berkadia Arranges Recap on Jacksonville Luxury Multifamily

Berkadia arranged a $38.76-million loan for the recapitalization of The Solera at Kendall West, a 244-unit luxury apartment community in Jacksonville, FL that was completed in 2020. Senior managing director Mitch Sinberg and associate director Matthew Robbins of Berkadia Boca Raton secured the financing on behalf of the sponsor, Rich Properties.  

Berkadia originated the Fannie Mae-backed 10-year loan, with a fixed interest rate and four years of interest only. 

Located at 1462 Solera Terrace, The Solera at Kendall West offers one-, two- and three-bedroom floor plans. It’s located just off I-295 in the Arlington Hills/Regency section of Jacksonville, approximately five minutes from the Jacksonville Arboretum Gardens and 12 minutes from downtown. 

The gated, dog-friendly community includes amenities such as a tropical pool, 24-hour fitness center with aerobics room, pickleball courts and a sports field, dog park and dog wash area, and BBQ/picnic area. 

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Inside The Story

Berkadia’s Sinberg

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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