Berkadia has secured a $49 million acquisition loan for Montevista at Windermere, a 360-unit, value-add apartment community in Orlando.

Located at 6421 Conroy Road, the community was built in 1989 and features a mix of townhome-style units with one- and two-bedroom floor plans ranging from 550 square feet to 1,145 square feet. Individual apartments feature vaulted ceilings, oversized windows, French doors to screened-in patios/balconies, walk-in closets and fireplaces. Select renovated units also feature new stainless steel appliances, quartz countertops and faux-wood flooring. Amenities include a resort-style pool with cabanas, raised wood poolside sundecks, fitness center, poolside clubhouse with fireplace, lighted tennis courts, bark park with agility equipment, car care center, barbecue area and fire pit.

Mitch Sinberg and Matt Robbins of Berkadia’s Boca Raton office secured the financing on behalf of global real estate private equity firm Taurus Investment Holdings LLC. Berkadia originated, and Freddie Mac purchased, the 10-year, floating-rate loan with five years of interest-only payments and a 75% loan to value.

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