April Housing Obtains $366.1M Refi for 13-Property Florida Portfolio
April Housing, a preserver of affordable housing, inked a $366.1 million refinancing on 13 Florida apartment communities. Berkadia’s Tim Leonhard secured financing through Fannie Mae on behalf of April Housing, a Blackstone portfolio company.
The portfolio includes garden-style multifamily housing assets in Miami, Jacksonville, and Tampa. The transaction advances the continued preservation and operation of affordable housing within the portfolio.
April Housing is one of the largest owners and preservers of affordable housing in the U.S. Since 2024, the company has successfully completed the preservation of more than 3,650 affordable homes across the country, including more than 700 in Florida in the last year.
Berkadia Affordable Housing is an integrated financial services platform comprised of mortgage banking, investment sales, and tax credit syndication.
Other News
Walker & Dunlop Closes $631M Portfolio Refi for IMT Capital
Walker & Dunlop, Inc. said Monday it arranged $630,618,000 in fixed-rate loans from Fannie Mae to refinance nine multifamily properties across six states on behalf of IMT Capital. The portfolio totals 3,528 units in Florida, Arizona, Texas, Colorado, California and Tennessee. A Walker & Dunlop Capital Markets Real Estate Finance team led by Cory Wizenberg,...
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Development Group Scores Financing for 502-Unit Fort Lauderdale Apartment Complex
The Fuse Group and KREA Developments landed a $127 million construction take-out loan for The Arcadian, a recently delivered 502-unit Fort Lauderdale multifamily community. Berkadia’s Scott Wadler, Brad Williamson, Bobby Dockerty, and Nicholas Horowitz of Berkadia Miami arranged the financing on behalf of the joint venture. Madison Realty Capital provided the loan. Located at 640...
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North Hollywood Apartments Trade to Locally Based LLC
Marcus & Millichap has finalized the sale of 13103 Barbara Ann St., a 41-unit multifamily property in North Hollywood. The property sold for nearly $5.89 million, or $143,610 per unit, and closed escrow at a 5.7% cap rate based on in-place income. “The property had been under the same ownership for more than 30 years,...
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Brokers
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Remax Professionals
Re/Max Real Estate Professionals | New York
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout