The RADCO Companies have secured a $45.439 million acquisition loan for the purchase of St. Croix, a 540-unit, garden style apartment community in Tampa. Holliday Fenoglio Fowler sourced the seven-year, floating-rate acquisition loan with Freddie Mac’s Green Advantage Program. The Class B property, located at 14501 Caribbean Breeze Drive, has been rebranded as Radius Tampa Palms. Community amenities include a fitness center, two pools, three lighted tennis courts, beach volleyball court, clubhouse and business center. The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans. The purchase marks the firms 68th acquisition since 2011, its sixth community in Florida and its fifth community in Tampa.
