Berkadia successfully arranged the financing for two apartment complexes in Jacksonville, totaling $73 million. The refinancing was done on behalf of ROI Capital Group.
The team at Berkadia, including Brad Williamson, Wesley Moczul, Mitch Sinberg, Matt Robbins and Scott Wadler all played a role in securing the loans for these multifamily properties.
One of the loans secured by Berkadia was for $19.9 million to refinance The Village at San Jose. This 200-unit complex was originally built in 1948 and underwent renovations in both 2021 and 2023. The other loan obtained by Berkadia was for $53 million to refinance The Villas at Ortega – a 444-unit complex built in 1972.
These loans were originated through Freddie Mac’s Green Advantage program with a fixed-rate term of five years. They also have a long amortization schedule of up to 35 years with partial interest-only payments.
ROI Capital Group is known as a national owner-operator specializing in multifamily properties across the country. Their focus is on acquiring, developing and managing these properties while striving to provide exceptional living environments for their residents – all while maximizing returns for investors.
This successful refinancing deal highlights Berkadia’s expertise and commitment to providing top-notch financial solutions within the commercial real estate industry.
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