The Verona View Apartments, a 293-unit apartment community in Plantation, has been acquired by Atlantic Pacific Companies and LEM Capital with financing arranged by Berkadia. Senior Managing Director Mitch Sinberg, Managing Directors Brad Williamson, Scott Wadler, Matthew Robbins, and Vice President of Originations Abigail Beauchamp of Berkadia South Florida represented the joint venture buyers. Freddie Mac provided the 10-year, floating-rate loan.
“Despite the volatility in the capital markets, capital is still lending on multifamily product in South Florida backed by strong sponsorship,” Robbins says. “We were able to secure a very strong floating-rate execution from Freddie Mac to maximize proceeds. South Florida remains one of the tightest rental markets in the country, and properties like Verona View, in close proximity to millions of square feet of corporate office space, are positioned to perform well.”
Verona View is an apartment complex built in 1989 and situated at 10900 Northwest 17th St. It offers a variety of living spaces to meet your needs, including one-, two- and three-bedroom apartments. Each unit boasts an open-floor concept, stainless steel appliances, hardwood flooring and a private patio. The community amenities are top-notch and include a swimming pool, sundeck, grilling area, fitness center, dog park and resident lounge.
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is recognized as a prominent player in the commercial real estate sector. The company provides extensive services to its clients in the multifamily and commercial property domains. Berkadia’s integrated mortgage banking, investment sales, and servicing platform offers clients comprehensive real estate solutions for the entire life cycle of their assets.
