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Florida & Gulf Coast  + Apartments  |  February 17, 2021
David Cohen
By: David Cohen

Berkadia Secures $33M Recapitalization for Tampa MF Portfolio

Berkadia has secured a $33 million loan to refinance a three-property, 502-unit multifamily portfolio in Tampa.

The portfolio consists of Uptown Apartments, a 292-unit community built in 1973; Montierra Apartments, a 96-unit garden style community built in 1970 and Palm Square Homes, a 114-unit garden-style community built in 1975. Amenities at the properties include swimming pools, dog parks, picnic areas and laundry facilities.

Scott Wadler of Berkadia’s Miami office and Wesley Moczul of Berkadia’s Orlando office secured the financing on behalf of Ambrus Asset Management, a real estate investment firm based in Tampa. Berkadia originated the three Fannie Mae-backed loans.

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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