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May 26, 2021

Berkadia Secures $16.5 Million in Financing for Sevilla Place Apartments in Foley, Alabama

Foley, AL – May 26, 2021 – Berkadia announced today the acquisition financing of Sevilla Place Apartments, a 120-unit, garden-style multifamily property in Foley, Alabama. Senior Director Josh Finley of Berkadia Atlanta secured $16.5 million in acquisition financing through Fannie Mae on behalf of the buyer, Georgia-based Henssler Capital. The deal closed May 26. The […]

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Florida economy COVID-19 pandemic
May 25, 2021

Berkadia Secures $16.74 Million in Financing for 1 Lofts in Pawtucket, Rhode Island

Pawtucket, RI – May 25, 2021 – Berkadia announced today the financing of 1 Lofts, a 112-unit, loft-style multifamily property in Pawtucket, Rhode Island. Senior Managing Director Kevin Kozminske and Managing Director Yuri Kletsman of Berkadia St. Louis and Berkadia New York, respectively, secured $16,736,000 in HUD 223(f) financing on behalf of the Rhode Island-based […]

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Florida Multifamily Market Holding Steady
May 25, 2021

Berkadia Arranges Fractured Condo Sale and Financing in Pompano Beach, Fla.

Pompano Beach, Fla. (May 25, 2021) – Berkadia announces it has arranged the sale and financing of 153 condominium units at Breezes at Palm-Aire, a 288-unit, garden-style residential community located in Pompano Beach, Fla. The buyer was Axonic Properties, LLC managed by Jonathan Shechtman, a New York-based investment advisor. The $25.39 million sale price breaks […]

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May 25, 2021

Berkadia Secures $22.7 Million in Financing for Multifamily Property in Kansas City, Missouri

KANSAS CITY, Mo. — May 25, 2021 — Berkadia announced today the financing secured for Staley Crossing, a 177-unit townhome-style, multifamily property in Kansas City, Missouri. Managing Director John J. Schorgl of Berkadia Kansas City, Missouri secured the $22.7 million in refinancing on behalf of the borrower, Missouri-based Worcester Investments. The deal closed on May […]

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May 24, 2021

Berkadia Arranges $25 Million in Preferred Equity for Build to Rent Platform

DALLAS (May 24, 2021) – Berkadia announces it has arranged a $25 million preferred equity facility for a REIT focused on the Build-to-Rent (BTR) space in Texas. Berkadia JV Equity & Structured Capital, led by Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick, secured the capital provider. The preferred equity line will be used to help […]

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May 24, 2021

Berkadia Arranges $33.9M Bridge Loan for Class A Apartments in San Antonio

SAN ANTONIO (May 24, 2021) – Berkadia announces it has arranged $33.9 million in bridge financing for the recapitalization of Timberhill Commons, a 340-unit multifamily community in San Antonio. Senior Managing Director Charles Foschini of Berkadia Miami secured the loan on behalf of Timberhill Commons, Ltd. Key Bank originated the three-year, floating rate loan with […]

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Milwaukee
May 24, 2021

Berkadia Adds to Rapidly Growing GSE Small Balance Loan Platform

Berkadia Small Loans continues to grow rapidly, adding 16 team members in the last 6 months SACRAMENTO, CA – May 24, 2021 – Berkadia announced today the expansion of its Small Loan platform with the addition of Managing Director Adam Dosskey. The platform’s front-end screening and production is led by Christine Pratt, Head of Small […]

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May 24, 2021

Berkadia Completes Sale of Multifamily Portfolio in Texas

SAN ANTONIO, Texas — May 24, 2021 — Berkadia announced today the sale of the Park West-Parliament Bend Portfolio, consisting of Park West and Parliament Bend, two multifamily properties in San Antonio, Texas. Managing Director Mike Miller, Senior Director Will Caruth and Director Cody Courtney of Berkadia San Antonio completed the sale on behalf of […]

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May 24, 2021

Berkadia Secures $37.5 Million in Financing for Industrial Warehouse in Phoenix

PHOENIX – May 24, 2021 – Berkadia today announced the financing secured for Airport 40, an industrial warehouse in Phoenix. Senior Managing Director Scott Holland of Berkadia Phoenix secured $37.5 million in permanent refinancing on behalf of the borrower, a Globe Corporation entity. The deal closed on April 23. The long-term permanent loan was provided […]

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