Berkadia, a leading commercial real estate company, has successfully secured financing for Advenir at the Oaks in Orlando’s Ocoee submarket. The property is a 408-unit garden-style multifamily complex. Charles J. Foschini, Christopher Apone, Lourdes Carranza-Alvarez and Shannon Wilson of Berkadia Miami worked together to secure a $54.7 million loan on behalf of Advenir.
The loan was originated by Berkadia and purchased by Freddie Mac with a fixed-rate for five years and a 65 percent loan-to-value ratio.
Advenir at the Oaks was built in two phases between 1989 and 1991 on Old Winter Garden Road (3100 &3200). It offers one-, two-, and three-bedroom apartments along with various community amenities such as swimming pools, clubhouse with fitness center & business center open round-the-clock; bark park; laundry facilities (two); tennis/pickleball court; basketball court; playgrounds etc.
The location of Advenir at the Oaks makes it an ideal choice for commuters as it is just minutes away from Valencia College & University of Central Florida campuses while being only fifteen minutes away from Orlando International Airport or Downtown Orlando via car ride – making it easily accessible to residents.
In summary:
– Berkadia secures financing for Advenir at the Oaks in Ocoee submarket
– Property is a garden-style multifamily complex with 408 units
– Loan worth $54.7 million arranged by Charles J.Foschini et al.
– Originated by Berkadia & purchased by Freddie Mac
– Fixed-rate over five years with LTV ratio capped at 65%
– Built between ’89-’91 @ Old Winter Garden Rd., offering one-three bedroom apartments + amenities like pool(s), clubhouse w/24-hr gym/business centers,bark park,two laundry facilities,court(s)for sports/playground
– Short commute to Valencia College, UCF; 15 mins from Orlando Int’l Airport & Downtown Orlando by car
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