Berkadia Arranges Debt & Equity Refinancing of Apartments in Tampa’s Carrollwood Neighborhood
Tampa, Florida – June 27, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announces that it arranged the debt and equity recapitalization of Pointe at Carrollwood, a 224-unit value-add apartment community located in northwest Tampa, Florida. Berkadia was able to provide an attractively priced recapitalization for the borrower combining fixed-rate agency financing with preferred equity to solve for the property’s upcoming loan maturity.
Managing Director Scott Wadler and Senior Director Matt Nihan, Managing Directors Matt Robbins and Brad Williamson, and Senior Managing Director Mitch Sinberg of Berkadia Miami and Boca Raton negotiated the financing package on behalf of the Sponsor, Miami-based Beacon Real Estate Group.
Berkadia originated and Freddie Mac provided a $29.93 million, five-year fixed-rate loan. In addition, Miami-based Atlantic Pacific Companies, a privately owned real estate firm with expertise in acquisitions, credit, development, and management of multifamily communities throughout the United States, provided a preferred equity investment of $8.42 million, for a total financing package of $38.35 million.
Beacon purchased the property in March of 2022 and has since invested more than $3.6 million in capital improvements. The property is currently 95% occupied.
“Proceeds of the loan will be used to pay off the prior acquisition loan and allow the sponsor to continue its value-add business plan” said Wadler. “Carrollwood is one of Tampa’s top-performing submarkets for rent growth, and benefits from an infill location that assures limited competition from new development, prime location close to downtown and major employment centers, its affluent surroundings.”
“We are excited to support Beacon Real Estate Group in the recapitalization of Pointe at Carrollwood. This investment aligns with our strategy of providing structured capital solutions for well-located multifamily assets in high-growth markets like Tampa,” said Matthew Cohen, Vice President at Atlantic Pacific Companies.
Built in 1984 and located at 4949 Marbrisa Drive, Pointe at Carrollwood is situated in a natural conservation area of Tampa, surrounded by lush landscaping and natural lakes. It offers one- and two-bedroom apartments ranging from 629 square feet to 1,050 square feet. Renovated units include modern cabinetry and stainless-steel appliances, quartz or granite countertops, designer details, walk-in closets and an expansive balcony or patio with lakefront or tropical views. Community amenities include a pool with poolside grilling, a fitness center, boardwalk, 24-hour laundry center, car care station, a playground, on-call maintenance and a natural preserve.
Point at Carrollwood is located approximately 15-20 minutes from downtown Tampa, Tampa International Airport, Busch Gardens and the Westshore Business District. Carrollwood is one of Tampa’s top-performing submarkets for rent growth, and benefits from an infill location that assures limited competition from new development, prime location close to downtown and major employment centers, its affluent surroundings.
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