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May 19, 2020

Berkadia Secures $8.5 Million Loan for Recap of Delray Beach Condos

Delray Beach, Fla. (May 18, 2020) – Berkadia announces it has secured $8.5 million in financing for the recapitalization of 94 of 275 units at Murano of Delray Beach, a condominium community located off of Delray Beach’s vibrant Atlantic Avenue corridor.  Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia’s Miami office […]

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May 19, 2020

Berkadia Invests $12.3 Million in New Affordable Housing in Santa Rosa

Philadelphia, PA – April 15 2020 – Berkadia’s Affordable Housing team is pleased to announce it has invested $12.3 million in Dutton Flats, a 100% affordable new construction development in Santa Rosa, California.  Once complete, Dutton Flats will provide 40 units to households earning between 30%-60% AMI and 1 unit will be reserved for an […]

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May 18, 2020

Berkadia Completes Over $72 Million in Combined Sales and Over $38 Million in Combined Financing for Multifamily Properties Across Six States

CHICAGO, KANSAS CITY, Mo., MEMPHIS, Tenn., and LEXINGTON, Ky. – May 18, 2020 – Berkadia today announced the sales of six multifamily properties: Bowen Towers, Wilmington Apartments, Village Woods, Brickstone at Woodlawn, London Square and Central Pointe. Together, the properties include 945 total units in secondary and tertiary markets across Illinois, Kansas, Missouri, Oklahoma, Arkansas […]

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May 18, 2020

Berkadia Secures Over $31 Million in Financing for Student Housing Property in Texas

BIRMINGHAM, Ala. – May 15, 2020 – Berkadia announced today the financing secured for The Junction at College Station, a student housing property in College Station, Texas. Managing Director Thomas Genetti of Berkadia’s Birmingham, Alabama office secured the $31.7 million, 10-year term permanent financing for the property on behalf of the borrower, an undisclosed entity, […]

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May 14, 2020

Berkadia Arranges Equity Recapitalization For Six-Property Multifamily Portfolio

The portfolio includes 1,217 workforce housing units in Florida and Georgia  NEW YORK (May 18, 2020) – Berkadia today announced that it has arranged an equity recapitalization for a $138 million, 1,217-unit multifamily portfolio comprising six properties in Florida and Georgia. Berkadia’s Joint Venture Equity and Structured Capital Group, led by Noam Franklin, Chinmay Bhatt […]

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May 14, 2020

Berkadia Completes Over $21 Million Sale of Multifamily Property in Washington

SEATTLE – May 14, 2020 – Berkadia today announced the $21.2 million sale of The Villas, a 39-unit condominium and townhome property in Woodinville, Washington. Senior Managing Director Kenny Dudunakis and Senior Directors David Sorensen and Ben Johnson of Berkadia’s Seattle office completed the sale on behalf of the seller, Washington-based MJR Development. The buyer […]

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May 14, 2020

Berkadia Completes the Sale of Multifamily Property in Texas

AUSTIN, Texas – May 14, 2020 – Berkadia today announced the sale of Regency Square, a 240-unit garden-style multifamily property in Corpus Christi, Texas. Managing Director Kelly Witherspoon and Director Justin Cole of Berkadia’s Austin, Texas office completed the sale on behalf of the seller, Minnesota-based S&H Realty Management. The buyer was Texas-based 3CM Multifamily, […]

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