Situated along the south fork of the New River, Elyps offers residents a peaceful, well-connected location just west of I-95 and north of I-595, less than three miles from area parks, grocers, restaurants, and retail, and under 15 minutes from downtown Fort Lauderdale and Fort Lauderdale–Hollywood International Airport.
Berkadia, a distinguished leader in the commercial real estate sector, announces that it originated a $24.64 million loan on behalf of Rental Asset Management (RAM) for the acquisition of Elyps, a 140-unit apartment community located in the Marina Bay neighborhood of Fort Lauderdale, Florida.
The financing was arranged by Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler, Brad Williamson, and Matt Robbins, and Vice President Hugo Hernandez of Berkadia Miami and Boca Raton.
The five-year, fixed-rate Freddie Mac loan features a three-year interest-only period.
“Elyps is a great example of the type of well-located, lifestyle-driven community that continues to attract strong investor demand in South Florida,” said Robbins. “Fort Lauderdale’s fundamentals remain among the most stable in the region, and Freddie Mac’s execution allowed our client to secure favorable terms that support their long-term strategy in this market.”
Built in 2023 and located at 2500 SW 22nd Terrace, Elyps offers a mix of one- and two-bedroom residences ranging from 777 to 1,180 square feet. The community features a pool, fitness studio, ample bike parking and storage, and covered parking.
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
