Brandon apartment owners borrow $32 million

By Louis Llovio
| 5:00 a.m. August 2, 2025
| 2 Free Articles Remaining!

The Lakeside Central Apartment community is at 529 S. Parsons Ave. in Brandon.

Tampa Bay-Lakeland

The owners of 228-unit apartment complex in Brandon have refinanced the property.

Robbins Property Associates and Hartford Investment Management Company took out the $32.41 million financing on the Lakeside Central apartments in the Tampa suburb.

The Freddie Mac-backed loan is for five years with fixed-rate with 70% loan to value, says Berkadia which secured the financing.

Berkadia also arranged the acquisition financing through Freddie Mack when Robbins and Hartford bought the community in 2018 for $30 million.

Lakeside Central was built in 1985. The community, at 529 S. Parsons Ave., has one- and two-bedroom units that range from 600 square feet to 900 square feet.

Berkadia’s Mitch Sinberg, Scott Wadler, Brad Williamson and Hugo Hernandez of Berkadia secured the financing.

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.