Newsroom

April 1, 2020

Berkadia Completes $14.6 Million Recapitlization of Apartments Community Near Sacramento

Citrus Heights, Calif. (March 31, 2020) – Berkadia announces it has arranged  $14.6 million in refinancing for Sierra Ridge Apartments, a 148-unit multifamily community in Citrus Heights, California, northeast of the state capital Sacramento. Senior Managing Director Mitch Sinberg and Associate Director Matt Robbins of Berkadia’s Boca Raton office secured the refinancing on behalf of […]

Read More
April 1, 2020

Berkadia Secures $21.86M in Refinancing for Orlando-area Multifamily Community

Altamonte Springs, Fla. (March 31, 2020) – Berkadia announces it has secured $21.864 million in refinancing for The Edge at Lake Lotus, a 168-unit community in Altamonte Springs, Florida. Senior Managing Director Mitch Sinberg and Associate Director Matt Robbins of Berkadia’s Boca Raton office secured the refinancing on behalf of Insula Companies, a real estate […]

Read More
April 1, 2020

Berkadia Arranges $24.536M Refinancing of Construction Take-Out Loan for 148-Unit Apartment Community in Port St. Lucie, Florida

Port St. Lucie, Fla. (April 1, 2020) – Berkadia announces it has secured the $24.536 million refinancing of a construction take-out loan for Torino Lakes Townhomes, a Class A multifamily community in Port St. Lucie, Florida. Senior Managing Director Mitch Sinberg and Associate Director Matt Robbins arranged the refinancing on behalf of Rich Properties, a […]

Read More
March 30, 2020

Berkadia Adds Three New Managing Directors to its Mortgage Banking Team

New York, NYC – March 30, 2020 – Berkadia today announced the addition of three new Managing Directors to its mortgage banking team. Managing Directors Steve Skok and Jason Bond will be based out of Berkadia’s Chicago office and will report to Senior Managing Director Chris Blechschmidt. Managing Director John Sigeti will be based out […]

Read More
March 27, 2020

Berkadia and Michaels Close Phase Three of Jordan Downs in Los Angeles

Philadelphia, PA – March 27, 2020 – Berkadia’s Affordable Housing team is pleased to announce it has invested $33 million in Jordan Downs Phase S3, a new construction development in the Watts neighborhood of Los Angeles, California. Jordan Downs Phase S3 will provide 91 units to households earning between 30%-80% AMI. It is part of […]

Read More
March 24, 2020

Berkadia Secures Nearly $117 Million in Combined Financing for Two Multifamily Properties in Cleveland

CLEVELAND – March 24, 2020 – Berkadia announced today the nearly $117 million in combined financing secured for The Edison at Gordon Square and Innova, Class A multifamily properties in Cleveland. Senior Managing Director Mark Vogel and Director Dan Geuther of Berkadia’s Cleveland office secured the permanent refinancing for both properties through Freddie Mac on […]

Read More
March 23, 2020

Berkadia Brings New Capital to Student Housing in Sale and Financing of Property Near Georgia Southern University

ATLANTA, GA – March 20, 2020 – Berkadia today announced the sale and financing for 111 South, a 709-bed student housing community near Georgia Southern University in Statesboro, Georgia. Senior Managing Director Kevin Larimer and Director Greg Gonzalez of Berkadia’s Student Housing team, with Senior Director Judy MacManus of Berkadia’s Atlanta office, completed the sale […]

Read More
March 20, 2020

Berkadia Secures $17.77 Million Acquisition loan for 180-unit Community in Tampa, Florida

Tampa, Fla. (March 20, 2020) – Berkadia announces it has arranged $17.77 million in acquisition financing for Southern Cove, a 180-unit multifamily community in Tampa, Florida. Senior Managing Director Mitch Sinberg of Berkadia’s Boca Raton office, alongside Managing Director Brad Williamson and Associate Director Wes Moczul of Berkadia’s Miami office, secured the financing on behalf […]

Read More
March 16, 2020

Berkadia Secures a Capital Partner for the Michaels Organization’s New $59 Million Luxury Ground-Up Multifamily Project in Austin, Texas

NEW YORK (March 11, 2020) – Berkadia today announced that it has secured a capital partner for The Michaels Organization’s new luxury living rental apartment community in Austin, Texas. The $59 million multifamily development, called Zoey, marks Michaels’ first entrance into the Austin market. Berkadia’s Joint Venture Equity and Structured Capital Group, led by Chinmay […]

Read More