Berkadia has arranged $19.1 million in acquisition financing for Ibis Park at Harmony West, a newly completed build-to-rent community in St. Cloud, Florida. The financing supports Bayshore Investment Partners’ $29.4 million purchase of the 101-home property from D.R. Horton, expanding institutional investment in single-family rental housing near Orlando.
Key takeaways
- Berkadia arranged a $19.1 million acquisition loan for Ibis Park at Harmony West.
- Bayshore Investment Partners acquired the community for $29.4 million.
- The five-year loan carries a fixed rate and full-term interest-only payments.
- The 2024-built community includes 101 single-family rental homes.
The transaction highlights continued demand for newly built, professionally managed rental homes in growing Central Florida markets. Ibis Park is located at 7110 Sandhill Crane Way in St. Cloud, approximately 28 miles south of Orlando.
Financing details
Berkadia’s Brad Williamson, Kyle Ryan, Mitch Sinberg, Scott Wadler and Matt Robbins arranged the financing for Coral Gables-based Bayshore Investment Partners. The five-year loan has a fixed interest rate and an interest-only structure for the full term, offering the borrower predictable debt service and increased flexibility during the investment period.
The $19.1 million loan represents a significant portion of the property’s $29.4 million acquisition price. The financing was secured as part of Bayshore Investment Partners’ purchase of the community from homebuilder D.R. Horton.
Ibis Park at Harmony West
Completed in 2024, Ibis Park at Harmony West consists of 101 detached rental homes. The community offers three-, four- and five-bedroom floor plans, providing housing options for larger households seeking the space and privacy of a single-family home without the responsibilities of ownership.
Residents have access to a range of on-site amenities, including a clubhouse, fitness center and resort-style swimming pool. Additional features include a volleyball court, playground and outdoor gathering areas designed to support recreation and community activities.
Broader market significance
Build-to-rent communities have become an increasingly prominent segment of the U.S. housing market, particularly in population-growth regions such as Central Florida. These developments combine single-family living with professionally operated rental management, appealing to residents who want flexible leasing options and neighborhood-style amenities.
Ibis Park’s location near Orlando places it within a major employment and population center while offering a suburban setting in St. Cloud. The completed community and long-term fixed-rate financing position the asset for continued operation as a stabilized rental property.