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January 10, 2020

Berkadia Secures $68.5 Million in Financing for Recently Delivered Multifamily Property Near Orlando, Florida

WASHINGTON D.C. – January 13, 2020 – Berkadia today announced $68.5 million in secured financing for Town Trelago, a recently completed 350-unit garden-style, Class-A multifamily property in Maitland, Florida. Berkadia’s D.C. Metro office secured the acquisition financing for the community on behalf of Virginia-based Kettler. The deal closed on December 12. The 10-year fixed rate […]

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January 10, 2020

Berkadia Completes $80.1 Million Sale of Three Properties in Arizona

PHOENIX, AZ – January 10, 2020 – Berkadia’s Hotels & Hospitality team completed the sale of three hotel properties in Arizona this past December totaling $80.1 million. Managing Director Kyle Stevenson and Senior Director Spencer Scott arranged the sale of the Element by Westin Sedona, the Element Chandler Fashion Center and the Arroyo Roble Hotel […]

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January 9, 2020

Berkadia Completes Combined Sale and Financing for Multifamily Property in Phoenix

PHOENIX, AZ – January 10, 2019 – Berkadia announced today the sale and financing for Lilly Garden, a 180-unit multifamily property in Phoenix, Arizona. Senior Director Dan Cheyne and Senior Managing Directors Ric Holway and Mark Forrester of Berkadia’s Phoenix office completed the $11.7 million sale on behalf of L and L Investment, LLC. Director […]

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January 9, 2020

Berkadia Secures Nearly $47 Million in Financing for Five Properties in California and Texas

LOS ANGELES, CA – January 6, 2019 – Berkadia today announced $46.95 million in financing for five different properties in Southern California and Texas. Senior Director George Spadier of Berkadia’s Los Angeles office completed the financings for three separate borrowers. “With recent volatility in rates, lender spreads and floors have been moving significantly and often, […]

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January 8, 2020

Berkadia Seniors Housing & Healthcare Group Secures Over $57 Million in Skilled Nursing Financings

WASHINGTON, D.C. – January 8, 2020 – Berkadia’s Seniors Housing & Healthcare group today announced $57.2 million of loan closings in December for skilled nursing facilities located in Alabama, Illinois, New Jersey, Maryland and Washington. “Skilled nursing has been a very active segment for us,” said Managing Director Jay Healy. “HUD’s 232/223(f) program for refinances […]

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January 6, 2020

Berkadia Announces Closing of McGuire Gardens

Philadelphia, PA – January 6, 2020 – Berkadia’s Affordable Housing team is pleased to announce it has invested $12.2 million in McGuire Gardens, a townhome style family community in Camden, NJ that provides 252 units of affordable housing. Initially constructed in 1953 and later renovated in 2002, McGuire Gardens contains 51 one- and two-story apartment […]

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January 6, 2020

Berkadia and The Michaels Organization Close RAD Deal in Baltimore

Philadelphia, PA – January 6, 2020– Berkadia’s Affordable Housing team is pleased to announce it has invested $15 million in Rosemont Tower, a 203-unit senior living property in Baltimore, MD. The Property was originally built in 1984 and is comprised of a single 13-story elevator building. Of the 203 units, 21 units will offer special […]

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January 6, 2020

Berkadia Announces Closing of Branch Village Phase IV

Camden, NJ – January 6, 2020 – Berkadia’s Affordable Housing team is pleased to announce it has invested $13 million in Branch Village Phase IV, a low-rise style three-story senior community in Camden, NJ that provides 58 units of affordable housing. The site sits on the former Clement T. Branch public housing development and has […]

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