Transactions include acquisition financing for newly built Hialeah apartments and refinancings of assets in Miami Springs and New Port Richey
Miami, Florida – October 9, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announces that it has arranged $36.7 million in financing on behalf of Rental Asset Management (RAM) of Lauderdale, Florida for three multifamily communities across the state, including two in Miami-Dade County.
Managing Director Matthew Robbins and Vice President Hugo Hernandez of Berkadia Boca Raton led the transactions, alongside Senior Managing Director Mitch Sinberg and Managing Directors Brad Williamson and Scott Wadler. It included acquisition financing for the newly built RAM Four Hialeah in Hialeah, and refinancings of The Devonshire in Miami Springs and Summer Lake Villas in New Port Richey.
“RAM continues to strategically grow and strengthen its multifamily portfolio, and these three transactions demonstrate the range of financing options available to well-capitalized, experienced operators,” said Robbins. “We’ve had the opportunity to work with RAM on multiple transactions and are pleased to continue supporting their investment strategy with agency financing tailored to each asset.”
Berkadia originated a $10.28 million Fannie Mae acquisition loan for RAM Four Hialeah, a newly built, 54-unit multifamily community located at 853, 859, 879 and 909 E. 24th Street in Hialeah. The five-year, fixed-rate loan was secured at 56 percent loan-to-value and features full-term interest-only payments and a 30-year amortization schedule. The deal closed on Aug. 28. RAM Four Hialeah consists of four neighboring buildings offering one- and two-bedroom apartments.
Berkadia originated a $3.24 Freddie Mac-backed loan to refinance The Devonshire, a 36-unit apartment community located at 401-451 Crescent Drive in Miami Springs. The five-year, fixed-rate loan was secured at 39 percent loan-to-value and features full-term interest-only payments and a 30-year amortization schedule. Built in 1964, the property is located near Miami International Airport. The deal closed on Sept. 10.
Lastly, Berkadia originated a $23.211 million Freddie Mac refinancing for Summer Lake Villas, a multifamily community located at 4331 Fiji Drive in New Port Richey. The five-year, fixed-rate loan was secured at 60 percent loan-to-value and includes three years of interest-only payments followed by a 35-year amortization schedule. Built in 2003, Summer Lake Villas offers a mix of one- through five-bedroom residences, along with amenities including a swimming pool, fitness center, clubhouse, courtyards and walking paths. The deal closed on Sept. 30.
The three transactions continue Berkadia’s long-term financing relationship with RAM, whose portfolio spans 3,000+ units across 50 properties throughout Florida.