Market Rate Housing - Miami

Miami-Area Community Receives $32M Take-Out Loan
Berkadia arranged the 12-year loan through Fannie Mae. The community, completed in 2017, is located near the Ronald Reagan Turnpike and Homestead Air Reserve Base.
Market Rate
FL Townhome Development Lands $7M Loan
RARE CRE secured financing for the construction of The Preserve at Hypoluxo, a 44-unit upscale community in Lantana, that includes a retail component.
Market Rate
Miami-Area Community Chooses New Management
The 226-unit garden-style community, situated between Miami and Fort Lauderdale, includes one- and two-bedroom apartments across more than 50 buildings.
Market Rate

  • FCP Expands Florida Portfolio

    Situated in the Lauderhill submarket, Summit Palms features one- to three-bedroom units across four buildings. Avesta currently manages the asset.

    08 March 2018 08:14

  • Berkadia Secures Loan for $97M Florida Buy

    Robbins Electra sold the 542-unit property to Advenir. Freddie Mac originated the $80 million value-add, three-year loan.

    13 February 2018 15:33

  • Advenir Acquires $97M South FL Community

    Berkadia closed an $80 million Freddie Mac loan to fund both the acquisition and planned renovations of the 542-unit property.

    09 February 2018 15:53

  • Hunt Mortgage Refinances 2 FL Properties

    The company secured $25 million in Fannie Mae loans for properties in Miami and Palm Beach County.

    02 February 2018 14:31

  • On the Market: 5 Interesting Listings for January

    This month's multifamily listings include a community in Vancouver's Kitsilano neighborhood, apartments overlooking Biscayne Bay in Miami Beach and an asset located within a highly dense urban center in Pembroke Pines, Fla.

    26 January 2018 19:28

  • Miami Worldcenter’s First Residential Tower Tops Off

    Scheduled for completion this fall, CAOBA will feature a wide array of amenities, including private balconies with views of Biscayne Bay and the downtown skyline.

    26 January 2018 11:00

  • Terra Group Lands $57M for Pines City Center

    The company's 47-acre mixed-use development in Pembroke Pines, Fla., will include an apartment component comprising 387 market-rate units.

    17 January 2018 13:02

  • Pinnacle, Ascend to Break Ground on Miami Community

    Construction will soon be underway at Oasis at Blue Lagoon, a 272-unit Class A property near MIami International Airport. Completion is scheduled for 2019.

    22 December 2017 14:42

  • Miami Mixed-Use Tops Off

    Developed by CADE Capital Partners, Riverview Tower will comprise 100 units and 1,168 square feet of ground-floor retail space. The property first broke ground in January 2017 and is scheduled for completion by late 2018.

    05 December 2017 16:56

  • Bay Harbor Island Development Site Commands $21M

    Colliers Senior Vice President Larry Stockton led the team that represented both the seller and the buyer in the transaction.

    29 November 2017 08:45

  • TA Realty Pays $135M for South Florida Community

    The Related Group and its partners sold the property, which is part of the 55-acre CityPlace Doral development in the Miami area.

    06 November 2017 15:48

  • Newly Built FL Community Lands $43M Refi

    The new loan assumes part of the original construction loan and provides additional financing to cover the stabilization of the property. Berkadia arranged the deal on behalf of the borrower.

    01 November 2017 14:59

  • Meridian Secures $24M Refi for Miami Asset

    Originated by a New York-based balance sheet lender, the fixed-rate mortgage features a seven-year term and a rate of 3.75 percent. Meridian worked on behalf of the owner, PMC Property Group.

    27 October 2017 12:47

  • CBRE Brokers Sale of Ft. Lauderdale-Area Community

    Still Hunter and Chris Smiles of CBRE’s South Florida Multifamily Capital Markets team worked on behalf of the seller in the transaction, while Freddie Mac originated the acquisition financing.

    20 September 2017 17:02

  • Miami Community Commands $37M

    Evan Kristol and Felipe Echarte of Marcus and Millichap’s investment team worked on behalf of the private seller to procure the buyer, Blue Rock Partners, for the transaction.

    15 September 2017 17:02