ORLANDO, Fla. — Berkeley Point Capital has completed a $20 million refinancing for Sand Lake Pointe Apartments, a 312-unit affordable housing complex in Orlando. The loan was securitized with Ginnie Mae on a 35-year, fully amortizing term.
Units at the property are reserved for families and seniors earning 60 percent or less of the area median income.
The Orlando-based owner-operator is an LIHTC specialist with 10,000 units in the Southeast.
Wiley Prothero led the Berkeley Point team out of the company’s Atlanta office.