Loans

CLEARWATER, FLA. — CBRE has secured $71.3 million in acquisition financing for Genesis Apartments, a 372-unit multifamily property in Clearwater. Eric Fixler and Chandler Kaye of CBRE arranged the loan on behalf of the borrower, a private investor. The senior loan includes layered mezzanine financing representing a 87 percent loan-to-cost ratio. Built in 1972, Genesis Apartments is a 22-building property featuring one-, two-, and three-bedroom units averaging 920 square feet. Community amenities include a pool, fitness center, car care center, tennis court and a clubhouse with a café. Located at 530 Fairwood Ave., the property is 18.7 miles from St. Petersburg and 18.4 miles from Tampa.

BRANDON, FLA. — Berkadia has secured an undisclosed amount of acquisition financing for The Reserve at Brandon, a 982-unit apartment community in Brandon, about 12.9 miles from Tampa. Brad Williamson, Matt Robbins, Scott Wadler, Mitch Sinberg and Alan Dillman of Berkadia secured a loan on behalf of the borrower, Tampa-based ZMR Capital. MF1 provided a floating-rate bridge financing that is 80 percent loan-to-cost. Built between 1991 and 2002, The Reserve at Brandon offers one-, two- and three-bedroom units ranging from 705 square feet to 1,200 square feet. Unit features include stainless steel appliances, faux granite countertops, a breakfast bar, wood-style vinyl flooring in the common areas, walk-in closets and patios or balconies. Community amenities include a clubhouse, fitness center, three pools with cabanas, playground, tropical landscaping, business center, coffee bar, tennis court, onsite management and 24-hour emergency management. Located at 1918 Plantation Key Circle, the property is situated 21.1 miles from Tampa International Airport.