Berkadia Arranges $30.5M Acquisition Loan for Apartment Community in Orlando

ORLANDO, FLA. — Berkadia has arranged a $30.5 million acquisition loan for Tuscany Bay, a 396-unit apartment community located at 5870 Sundown Circle in Orlando. The property features one- and two-bedroom units ranging from 600 to 1,140 square feet. Community amenities include two swimming pools, a spa, sauna, courtyard, tennis and racquetball courts and on-site boat storage. The borrower, a partnership between Rosehill Group — a joint venture between Duncan Hillsley Capital and PEBB Capital — and Atlantic Creek Real Estate Partners LLC, will use the Freddie Mac loan to purchase and renovate Tuscany Bay to green efficiency standards. Charles Foschini, Mitch Sinberg, Christopher Apone, Brad Williamson and Matthew Robbins of Berkadia arranged the financing through Freddie Mac’s Value-Add and Green Up programs.