Berkadia Arranged Loan for Category Five Real Estate’s Acquisition of Four Vintage Apartment Assets in Sunrise, Florida
Miami, Florida – August 4, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announces today that it secured financing on behalf of Category Five Real Estate (CFRE), led by brothers Mike and Leon Peisach, to acquire the Sunrise Portfolio: four vintage multifamily communities totaling 185 units located in Sunrise, Florida.
Managing Director Brad Williamson, along with Senior Managing Director Mitch Sinberg, Managing Director Matt Robbins and Vice President Kyle Ryan of Berkadia Miami, arranged a $21 million loan for CFRE’s $32.28 million acquisition.
Santander’s Peter Triano provided a five-year, fixed-rate loan with two years interest-only and a 30-year amortization. The deal closed on July 28.
“The Sunrise Portfolio provided CFRE an excellent opportunity to expand its holdings of South Florida apartments located in great communities or close to major transit hubs,” said Williamson. “Our team identified a lender who could execute quickly and provide affordable capital to fund this acquisition.”
“Sunrise is undergoing a remarkable transformation,” said Leon Peisach, co-founder of CFRE. “The area has long been undervalued, but with its central location and the wave of new developments, we believe Sunrise is poised to outperform the broader market in the coming years.”
CFRE, a South Florida-based private equity real estate firm focused on workforce housing, has assets in the area that have achieved strong rent growth despite market softening.
“Rental demand in Sunrise is robust and growing. We are looking to invest more in this area, we believe strongly in this submarket,” Leon Peisach added.
The firm plans to enhance the newly acquired properties by adding modern amenities, improving both interiors and exteriors, and creating community-focused upgrades.
“Our goal is not just to improve the asset, but to invest in the long-term vitality of the broader Sunrise community,” said Mike Peisach, co-founder of CFRE. “We believe in responsible investments and thoughtful renovations can elevate the area for residents and stakeholders alike.”
Built between 1969 and 1973, the four properties in the portfolio are located less than a mile from each other in Sunrise, and are all one- or two-story garden-style concrete-block assets.
The properties in the portfolio are:
- Sunrise Gardens – 2117, 2113, 2108 NW 64th Avenue, Sunrise, FL 33313
- La Haina – 7041 Sunset Strip, Sunrise, FL 33313
- Lake Success – 6354, 6270 & 2551 NW 26th Street, Sunrise, FL 33313
- Riverview – 2650 NW 64th Avenue, Sunrise, FL 3313
Located at the intersection of I-75 and I-595, Sunrise offers exceptional access to corporate employers throughout South Florida, and is just minutes from the popular Sawgrass Mills Mall, and the Amerant Bank Arena, home to the NHL Stanley Cup-winning Florida Panthers.
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