Taurus Investment Holdings, a private Boston real estate investment firm, refinanced two apartment complexes in Florida, including one in Tampa, for $85.65 million.

The refinancing was carried out through two loans, one for each property, and guaranteed by Berkadia. The combined properties have 640 units.

Tampa’s 280-unit property, Lofton Place Apartments in the city’s Carrollwood section, secured a 10-year, $36.5 million term loan with a variable interest rate and five years of interest payments uniquely. The loan was from Freddie Mac.

Rosemont Windermere, a 360-unit community in Orlando, secured a three-year, $49.15 million loan with interest only and a variable interest rate. Berkadia, which announced the loans, did not disclose which bank provided the financing.

The loan is part of an effort by Taurus and Aegon AM to “acquire value-added multi-family assets and reduce their energy consumption and carbon emissions.” Working with its subsidiary RENU Communities, Taurus provides low-carbon energy retrofits to its properties, Berkadia explains.

Taurus and Aegon AM announced earlier this year a four-year, $600 million partnership focused on environmental, social and corporate governance.

“Despite market volatility, Tampa and Orlando are markets that have demonstrated strong fundamentals with continued rising rental growth,” Berkadia Chief Executive Matt Robbins said in the announcement.

“Because of these factors, Taurus and Aegon have completed their third recapitalization which incorporates an ESG improvement plan, part of the RENU program, in addition to a traditional capital improvement plan to take the assets to the next level. “

Lofton Place was built in 1988 and consists of one-, two-, and three-bedroom apartments ranging from 654 square feet to 1,218 square feet. According to county property records, Taurus purchased the property in 2019 for $43.15 million.