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Inside the Deal, a CRE Podcast by Berkadia

Financing a Market Rate to Affordable Housing Conversion

September 2, 2025·23 min
Episode Description from the Publisher

Berkadia breaks down the substantial rehabilitation financing of Indigo Apartments in Clearwater, Florida. Berkadia's Tim Leonhard and Sam Caspert of Sunrise Affordable discuss how the 208-unit tower will be converted from market rate to affordable housing for low-income families and is destined to have a long-lasting positive impact on the local community.

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