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Berkadia Investment Sales Sees Record-Setting Start to 2021 With $5.2 Billion Closed in First Four Months

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July 28, 2021

Berkadia Structures $10 Million of Permanent Financing for Affordable Community in Kansas City, Kansas

Kansas City, KS– July 28, 2021 – Berkadia announced today that it structured a $10.06 million forward commitment for the permanent financing of Davidson’s Landing, an affordable housing development in Kansas City, Kansas. Managing Director Heather Olson of Berkadia Affordable Housing secured the permanent financing in partnership with Fannie Mae under their Tax-Exempt Bond Forward […]

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July 27, 2021

Berkadia Secures $42 Million Recapitalization for a 248-Unit Community in Suburban Raleigh, North Carolina

Raleigh, N.C. (July 26, 2021) – Berkadia announces it has arranged $42 million in refinancing for Meridian at Harrison Pointe, a 248-unit multifamily community in Cary, North Carolina. Senior Directors Justin Ownby, Henry Tanner, and James (Jimbo) Tanner of Berkadia secured the financing on behalf of NorthView Partners, LLC. Berkadia originated and Freddie Mac purchased […]

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July 22, 2021

Berkadia Secures $33 Million in Financing for New Multifamily Construction in Texas

DALLAS – July 21, 2021 – Berkadia today announced the financing secured for Midtown Station Apartments, a 264-unit garden-style multifamily property in College Station, Texas. Senior Managing Director Tim Nunan of Berkadia Dallas secured the $33.31 million in permanent construction financing on behalf of the borrower, Delaware-based CS Midtown Holdings, LP, which is a partnership […]

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July 21, 2021

Berkadia Arranges $52 Million Recapitalization for Neology Life’s Pier 19 Residences & Marina in Miami River District

MIAMI (July 21, 2021) – Berkadia announces it has secured a $52 million bridge loan to refinance Pier 19 Residences & Marina, a 199-unit luxury apartment community along the Miami River in downtown Miami. Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia Miami secured the financing on behalf of sponsor Neology […]

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July 20, 2021

Berkadia Secures $15.77M in Equity for Encore Enterprises to Develop 386-Unit Apartment Community in San Antonio

San Antonio, TX (July 19, 2021) – Berkadia announces it has sourced a capital partner for Dallas-based Encore Multifamily, a division of Encore Enterprises, development of a class A apartment community in San Antonio, Texas. The “Encore Lower Broadway” development will be a five-story, 386-unit apartment community built on a 4.2-acre site located on the […]

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July 16, 2021

Berkadia Secures $43.2 Million in Acquisition Financing for 252-unit Community in Orlando

Orlando, Fla. (July 15, 2021) – Berkadia announces it has arranged $43.2 million in financing for the acquisition of Legends at ChampionsGate, a 252-unit multifamily community in Orlando, Florida. Senior Managing Director Mitch Sinberg and Associate Director Matthew Robbins of Berkadia Boca Raton secured the financing on behalf of global real estate private equity firm, […]

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July 13, 2021

Berkadia Arranges Equity for Acquisition of 320-Unit Apartment Community in Sarasota

The Reserve at Palmer Ranch was part of a larger programmatic recapitalization of eight properties in Strategic Holdings’ portfolio Sarasota, Fla. (July 13, 2021) – Berkadia announces it has secured $11.4 million in preferred equity for the acquisition of The Reserve at Palmer Ranch, a 320-unit apartment community located in Sarasota, Fla. Cody Kirkpatrick, Noam […]

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Florida Multifamily Market Holding Steady
July 12, 2021

Berkadia Closes $25 Million for Jordan Downs Phase S2 in Los Angeles

Philadelphia, PA – July 12, 2021 – Berkadia Affordable Housing and CIT are pleased to announce the closing of Jordan Downs Phase S2, a new construction development in the Watts neighborhood of Los Angeles, California. Jordan Downs Phase S2 will provide 81 units of affordable housing and is part of a transformative 70-acre multi-phase redevelopment […]

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