Florida & Gulf Coast + Central Florida + Finance | February 10, 2023

Insula Companies has secured $26 million in refinancing for multifamily properties Gables at Honore in Sarasota and Lodge at Woodlake in Lakeland.

Insula Companies Secures $26M to Refi Sarasota, Lakeland Multifamilies

Sarasota, FL-based Insula Companies has secured $26 million in refinancing for multifamily properties Gables at Honore in Sarasota and Lodge at Woodlake in Lakeland.

Mitch Sinberg and Matt Robbins of Berkadia secured the financing for both properties on behalf Insula Companies, a boutique real estate investment company. A bank provided the $8.15 million, five-year, fixed-rate loan with three years of interest only for Gables at Honore, and Freddie Mac provided the $18 million, seven-year, fixed-rate loan, with five years of interest only for Lodge at Woodlake.

The 54-unit Gables at Honore was built in 1993 and includes pool with hammocks, grill and picnic area, clubhouse, business center, on-site maintenance and an outdoor activity area.

The 188-unit Lodge at Woodlake was in 1975 and sits at 1475 Woodlake Drive. It offers resort-style swimming pool, fitness studio, laundry center, playground, bark park and clubhouse.

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Berkadia's Robbins

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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