Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
ROI Obtains $73M Refi for Jax Apartments
Berkadia arranged the financing of two Jacksonville apartments. The refinancing, which amounted to $73 million for both multifamily properties, was on behalf of ROI Capital.
Brad Williamson, Wesley Moczul, Mitch Sinberg, Matt Robbins and Scott Wadler all had a hand in securing the two loans.
Berkadia secured $19.9 million to refinance the 200-unit The Village at San Jose, which was built in 1948 and renovated in 2021 and 2023, and $53 million to refinance the 444-unit The Villas at Ortega, which was built in 1972.
Berkadia originated and Freddie Mac purchased the five-year, fixed-rate loans through its Green Advantage program. Both loans have a 35-year amortization schedule and are partially interest-only.
ROI Capital Group says it is a national multifamily owner-operator specializing in acquiring, developing, and managing multifamily properties. Its mission is to maximize returns for investors while providing exceptional living environments for residents.
