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Berkadia Arranges $42.5M Refinancing of Multifamily Community in Panama City Beach, Florida

Summary by REBusinessOnline
PANAMA CITY BEACH, FLA. — Berkadia has arranged $42.5 million in debt and equity to refinance Exchange at the Beach, a 232-unit multifamily apartment community located in the Upper Grand Lagoon neighborhood of Panama City Beach. Mitch Sinberg, Scott Wadler, Brad Williamson and Matt Robbins of Berkadia secured a $29 million, five-year, fixed-rate Freddie Mac loan on behalf of the borrower, JSB Capital. Berkadia also arranged $13.5 million in pref…
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Yield PRO broke the news in on Thursday, February 19, 2026.
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