Southern Cove

TAMPA, FL—Berkadia has arranged $17.77 million in acquisitionfinancing for Southern Cove, a 180-unit multifamily community here.The financing was arranged on behalf of an affiliate of 29th StreetCapital, a privately held real estate investment firm based in SanFrancisco.

Berkadia originated a three-year, interest only Freddie MacValue-Add loan with a three percent floating interest rate.

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Multifamily
Southeast