ZMR Capital has secured a $42.5 million bridge loan for Skye at Hunter’s Creek, a 216-unit garden-style multifamily property located in Kissimmee, Fla. Berkadia Miami and Berkadia Orlando, along with Berkadia Boca Raton and Miami, secured the loans on behalf of the sponsor.
The lender, Nuveen Real Estate, provided a three-year, floating-rate loan with two one-year extension options and full-term interest only at a 68 percent loan to value. The loan also offered a rate cap and flexible prepayment terms.
Built in 2015 and located at 1300 Santa Rosa Dr., Skye at Hunter’s Creek is a garden-style multifamily community consisting of nine three-story residential buildings with newly renovated one-, two- and three-bedroom apartments. Individual apartment units feature stainless steel appliances, granite countertops, plank flooring, smart outlets, patios/balconies and in-unit washer/dryers. Community amenities include a new resident clubhouse, resort‐style swimming pool,
