Berkadia Secures Over $100M in Financing on Behalf of Eagle Property Capital for Two Multifamily Communities in Orlando, Florida
Orlando, Florida – November 5, 2024 – Berkadia announced today it has secured a combined total of over $100 million in financing on behalf of Eagle Property Capital (EPC), a private equity real estate firm based in Miami, Florida, for the acquisition of one multifamily property and the refinancing of another, both located in Orlando, Florida. Senior Managing Director Mitch Sinberg, Managing Directors Brad Williamson, Matthew Robbins and Scott Wadler, and Vice President of Originations Abigail Beauchamp of Berkadia Boca Raton and Miami secured the financing.
Fannie Mae provided a seven-year, fixed-rate loan with full-term interest only for EPC’s acquisition of the 332-unit The Retreat at Windermere, which closed on October 28. Fannie Mae was also the lender for the refinancing of the 310-unit Sunset Place, with a five-year, fixed-rate loan and full-term interest only. That deal closed on October 31.
Eagle Property Capital is a real estate investment manager pursuing attractive risk-adjusted returns through a range of real estate equity solutions. Since 2015, Berkadia has provided over $850 million of financing for EPC to grow its portfolio of workforce housing communities in Texas and Florida.
“We’re pleased to support EPC’s continued growth in Orlando, a region that stands out for its strong market fundamentals and commercial real estate opportunities,” said Williamson. “EPC is a quality operator with a proven track record, and this loan allows them to strategically expand its footprint in one of Florida’s most dynamic markets. We took advantage of a rate-lock option through Fannie Mae, ensuring a stable, favorable financing structure.”
Located at 5820 Nature View Drive, The Retreat at Windermere offers one-, two- and three-bedroom apartments for rent in Windermere, part of the Orlando metropolitan area. Units are available in eight distinct floor plans and two designer color palettes. The building features amenities including a pool complete with poolside grills and a firepit, a yoga studio, fitness trails, and more. It is near top-rated schools.
Located at 5953 Curry Ford Road, Sunset Place offers studio, one-, two-, and three-bedroom apartments and townhomes with a variety of interior amenities, including spacious living areas, generous storage space, washer/dryer connections, wood-inspired flooring, and a fully equipped kitchen. The building features amenities including three swimming pools complete with a sundeck and cabana, a multipurpose sports court, an outdoor kitchen with seating, a fitness center, and an on-site dog park.
Sunset Place is near an abundance of shopping, dining, and entertainment options, including Century Plaza, Lake Fredrica Shopping Center, Downtown Orlando, EPIC Theatres at Lee Vista, Lake Eola Park, and more. The apartments offer convenient access to Highway 552, Highway 15, and Highway 408.
Eagle Property Capital Acquires One Orlando Property, Refinances Another | Multi-Housing News
Eagle Property Scores $100M Financing for 2 Orlando Projects | Connect CRE