Southern Cove

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

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

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