MIAMI—Harbor Group International secured a $32-million loan to acquire a newly-built class AA garden- and carriage-home apartment community in Orlando. The multifamily property sits at 545 South Keller Road.

Berkadia facilitated the loan for the 244-unit multifamily asset. Berkadia South Florida senior managing director Charles Foschini and managing director Christopher Apone arranged the Freddie Mac, seven-year, floating-rate loan at an aggressive interest rate, with three years interest only.

“Both the sponsor and the lender recognized the asset's potential and the strong employment drivers that would push rent growth, as well as generate increased demand for the location over time,” Foschini tells GlobeSt.com. “It was an exceptional buy for Harbor Group and as a result, Freddie Mac pushed hard to deliver terms and dollars that were without a competitive peer.”