Neology Lands Refi for High-End Miami Asset
Berkadia arranged the 10-year refinancing loan for Neology’s 192-unit community that was recently completed in April 2021.
Source: multihousingnews.com
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Bascom Group Completes $68.5 Million Acquisition of 320-Unit Enclave at Lake Ellenor Apartment Community in Orlando, Florida
ORLANDO, FL - The Bascom Group has acquired a 320-unit apartment community within the Orlando MSA in Florida. The property, Enclave at Lake Ellenor, was acquired for $68,500,000 or $214,06 per unit through a partnership with East Hill Capital's Duff Bedrosian and Leste Group, a Miami based investment manager. Enclave is the second property acquired by Bascom in partnership with East Hill Capital and Leste Group. Starwood Property Trust provided the debt financing for the acquisition and was...
Source: multifamilybiz.com