Berkadia Secures $366.1 Million Loan For April Housing's Multifamily Portfolio In Florida

The transaction involves a multifamily portfolio consisting of 13 properties located in Miami, Jacksonville, and Tampa. The properties are categorized as affordable housing units, specifically garden-style multifamily residences. The loan amount secured for this refinance totals $366,100,000, facilitated through Fannie Mae.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $366,100,000
• Lender: Fannie Mae
• Landlord: Alice Carr - April Housing
• Broker: Tim Leonhard - Berkadia
• Loan Type: Refinance

Tim Leonhard of Berkadia played a key role in securing the refinancing for Alice Carr's portfolio, which focuses on the long-term preservation and operation of affordable housing in Florida. The deal was finalized on September 9, 2026, highlighting the efforts made towards sustaining affordable housing options in the respective markets.