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Atlanta & Southeast  + Southeast  + Finance  |  June 18, 2020
David Cohen
By: David Cohen

Berkadia Secures $18M Acquisition Financing for North Carolina Apartments

Berkadia has arranged a $17.9 million acquisition loan for Ardmore Pointe, a 291-unit apartment community in Fayetteville, NC.

Located at 3325 Oak Forest Dr., Ardmore Pointe was built in 2012 and is a garden-style property with one, two and three-bedroom floor plans. Community amenities include a clubhouse and pool, pet play area, fitness center and car wash station.

Mitch Sinberg of Berkadia’s Boca Raton office and Brad Williamson of Berkadia’s Miami office secured the financing on behalf of the borrower, One Real Estate Investments, a privately owned, Miami-based real estate investment and asset management company. Berkadia originated the Fannie Mae-backed, 3.01% fixed rate for 10-years on an acquisition loan at 65% loan to value.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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