ST. CLOUD, FLA. — Berkadia has arranged $19.1 million in acquisition financing for Ibis Park at Harmony West, a newly constructed, build-to-rent (BTR) residential community located at 7110 Sandhill Crane Way in St. Cloud, about 28 miles south of Orlando. Brad Williamson, Kyle Ryan, Mitch Sinberg, Scott Wadler and Matt Robbins of Berkadia secured the financing on behalf of the Coral Gables, Fla.-based borrower, Bayshore Investment Partners (BIP), which purchased the property from D.R. Horton for $29.4 million. The five-year, fixed-rate loan features a full-term, interest-only structure.
Completed in 2024, Ibis Park at Harmony West features 101 single-family rental homes with three-, four- and five-bedroom floorplans. Amenities include a clubhouse, fitness center, resort-style swimming pool, volleyball court, playground and outdoor gathering spaces.