Berkadia, a distinguished leader in the commercial real estate sector, announces that it arranged a $19.165 million loan for the acquisition of Solera at Avalon Trails, a newly constructed 74-unit, age-restricted build-to-rent community in Delray Beach, Florida designed for residents ages 55 and older.
Senior Managing Director Mitch Sinberg, Managing Director Brad Williamson, Managing Director Scott Wadler and Vice President Hugo Hernandez of Berkadia Miami and Boca Raton arranged the financing on behalf of Tampa, Florida-based Robbins Property Associates.
Berkadia originated the Freddie-Mac backed, 10-year, fixed-rate loan featuring a full-term interest-only structure…