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Florida & Gulf Coast  + South Florida  + Finance  |  October 24, 2019
David Cohen
By: David Cohen

Berkadia Secures $36M Acquisition Loan for Pembroke Pines MF Property

Berkadia has secured a $36.1 million acquisition loan for Ventura Pointe, a newly-built 206-unit multifamily community in Pembroke Pines.

Built in 2018, Ventura Pointe is located at 7850 Pasadena Blvd., and consists of four- and five-story modern garden-style buildings with elevator access. Community amenities include a swimming pool with lounge area and summer kitchen, clubhouse, billiards table, business center, 24-hour fitness center, pet park with agility course and a two-acre park with lake and walking path.

Charles Foschini and Christopher Apone of Berkadia arranged the financing on behalf of the buyer, Ventura Pointe Apartments LLC. MetLife provided a five-year loan with full-term interest at a 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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