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February 5, 2021

Berkadia Arranges Sale and Financing of 414-unit Multifamily Community Near Dallas

Frisco, Texas (Feb. 3, 2021) – Berkadia announces it has arranged the sale and finance of Stewart Creek Apartments, a 414-unit garden-style community in the Dallas suburb of Frisco. Managing Directors Jay Gunn and Thomas Burns of Berkadia’s Dallas office, along with Senior Director Will Jarnagin of the same office, listed the property on behalf […]

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student housing
February 5, 2021

Berkadia Completes $23 Million Sale of Multifamily Property in Downtown Mesa, Arizona

PHOENIX – February 5, 2021 – Berkadia today announced the sale of The Madison, a 2000 vintage, 96-unit garden-style multifamily property in Mesa, Arizona. Senior Director Dan Cheyne and Senior Managing Directors Ric Holway and Mark Forrester of Berkadia’s Phoenix office completed the $23 million sale on behalf of the seller, Southern California-based Westgrove Partners. […]

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Hotels & Hospitality
February 3, 2021

Berkadia Adds FHA Affordable Chief Underwriter

IRVINE, CA – February 3, 2021 – Berkadia today announced the addition of FHA Affordable Chief Underwriter Terry Wellman to its underwriting team. Wellman will be based out of Irvine, California and will report to Head of FHA Underwriting Bob Warren. “Berkadia’s HUD team was incredibly busy in 2020, surpassing $3.4 billion in total FHA-insured […]

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February 3, 2021

Berkadia Completes $279 Million Sale of Multifamily Property Near Seattle

SEATTLE – February 3, 2021 – Berkadia today announced the $279.1 million sale of Hyde Square, a 618-unit garden-style multifamily property located in Bellevue, Washington. Senior Managing Director Kenny Dudunakis, Senior Directors David Sorensen and Ben Johnson and Associate Director George Pallis of Berkadia’s Seattle office completed the sale on behalf of the buyer, Illinois-based […]

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multifamily sales activity
February 2, 2021

Berkadia Secures $38M Loan for Acquisition of Apartments in Mesa, Arizona

PHOENIX (February 2, 2021) – Berkadia announces it has arranged a loan for the acquisition of Indigo Springs, a 240-unit value-add apartment community located in Mesa, Arizona. Senior Managing Director Mitch Sinberg and Associate Director Matthew Robbins of Berkadia’s Boca Raton office secured a $38.27 million loan on behalf the sponsor, Taurus Investment Holdings, a […]

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February 2, 2021

Berkadia Secures $17.5 Million to Refinance Boston Apartment Portfolio

BOSTON (February 1, 2021) – Berkadia announces it has secured financing for the recapitalization of a multifamily portfolio consisting of 11 individual properties totaling 89 units located throughout the Boston metropolitan area. Senior Managing Director Mitch Sinberg and Associate Director Matthew Robbins of Berkadia’s Boca Raton office, and  Associate Director Wesley Moczul of Berkadia’s Orlando […]

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February 2, 2021

Berkadia Secures $54 Million in Financing for Multifamily Property in Virginia

RICHMOND, Va. – February 2, 2021 – Berkadia today announced the $54.075 million in financing secured for Scott’s View, a multifamily mixed-use property in Richmond, Virginia. Senior Managing Director John Reed of Berkadia’s Richmond, Virginia office secured the permanent refinancing for the property on behalf of Virginia-based Historic Housing, LLC and its principals David White […]

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February 2, 2021

Berkadia Completes Nearly $250 Million in Combined Sales of Nine Student Housing Properties Across the US

DETROIT, CHICAGO, HOUSTON and CHARLESTON, S.C.– February 2, 2021 – Berkadia today announced $247.3 million in combined sales of nine student housing properties totaling 4,376 beds.  The various assets serve University of Notre Dame, Wright State University, Clemson University and Montana State University.  Senior Managing Directors Kevin Larimer and Brandon Buell of Berkadia’s Student Housing […]

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February 1, 2021

Berkadia Arranges Acquisition Loan for 260-unit Community in Wake Forest, Raleigh, NC

Wake Forest, NC (Jan. 28, 2021) – Berkadia announces it has arranged financing for the acquisition of Ardmore Heritage, a 260-unit multifamily community in Wake Forest, North Carolina. Managing Director Scott Wadler of Berkadia’s Miami office and Senior Managing Director Mitch Sinberg of Berkadia’s Boca Raton office secured the loan on behalf of Beacon Real […]

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