September 5, 2017

Berkadia Originates More Than $430 Million in Financing for Multi-Property Portfolio in Virginia

PHILADELPHIA – September 5, 2017 – Berkadia today announced a $430.88 million loan package to support the acquisition and repositioning of a 2,644-unit multifamily portfolio at Mark Center in Alexandria, Virginia. Jim Badolato and Mike McKee of the Philadelphia office arranged the loans through Fannie Mae’s Delegated Underwriting and Servicing (DUS®) platform, completing the transaction […]

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August 28, 2017

Berkadia Secures $38 Million in Refinancing for South Carolina Multifamily Community

Greenville, S.C. – Aug. 28, 2017 – Berkadia announces that it has successfully arranged a $38 million refinance loan on behalf of The RADCO Companies for Cobalt Springs Apartment Homes, a 548-unit, garden-style community just outside of Greenville, South Carolina. The property is located at 1712 Pinecroft Drive in Taylors, the largest suburb in the […]

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August 18, 2017

Berkadia Secures $221 Million in Financing for Brookdale Senior Living Inc.

NEW YORK – August 18, 2017 – Berkadia announced today the closing of $221 million in financing for Brookdale Senior Living Inc. Berkadia’s Managing Directors Heidi Brunet and Christopher Fenton of the Seniors Housing & Healthcare team originated the transaction through Fannie Mae. The financing closed on July 11. The ten-year, non-recourse, Credit Facility was […]

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August 17, 2017

Berkadia Secures Over $24 Million for Multifamily Property in Tucson

TUCSON, Ariz. – August 17, 2017 – Berkadia today announced it secured $24.33 million in financing for The Condominium at Williams Centre, a broken condominium community in Tucson, Arizona. Senior Managing Director Aaron Cardwell of Berkadia’s Scottsdale office secured the acquisition loan through Berkadia’s relationship with Freddie Mac. The deal closed on August 4. The […]

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August 14, 2017

Berkadia Completes $60 Million Sale of Multifamily Property in Seattle Metro Area

SEATTLE – August 14, 2017 – Berkadia today announced the recent $60.7 million sale of Carroll’s Creek Landing, a multifamily property in the Seattle suburb of Marysville, Washington. Senior Managing Director Kenny Dudunakis and Directors David Sorensen and Ben Johnson of Berkadia’s Seattle office represented the seller, Maryland-based Gateway Trident LLC. The buyer was JRK […]

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August 10, 2017

Berkadia Completes $46 Million Sale of Multifamily Property in Virginia Beach

VIRGINIA BEACH, Va. – August 10, 2017 – Berkadia announced the recent $46 million sale of Ultris at Banyan Grove, a 288-unit, garden-style multifamily property located in Virginia Beach, Virginia that sold at a per-unit price of $159,722. Senior Directors Alan Meetze and David Hudgins of the Newport News office represented the seller, New Jersey-based, […]

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August 9, 2017

Seniors Housing Veteran Tim Cobb Joins Berkadia to Expand Investment Sales Presence

Movers & Shakers: Dominion Senior Living, Lifespace Communities | Senior Housing News Berkadia Taps Senior Housing Lead | Multi-Housing News People in the News, Aug. 1 | McKnight’s Senior Living Cobb Joins Berkadia | McKnight’s Long Term Care News NEW YORK/WASHINGTON – July 31, 2017 – Berkadia today announced an expansion to support seniors housing […]

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August 8, 2017

Berkadia Secures Loans for Buyer of Florida Keys Hotels

Florida Keys Motel Featured in Netflix’s Bloodline Sells for $7M | Curbed Miami Harbor Lights, one of the motels acquired, features prominently in “Bloodline” Netflix series Islamorada, Fla. – August 7, 2017 – Berkadia secured two loans approaching $14 million on behalf of Songy Highroads LLC, and the Wardman Group. Songy Highroads is an Atlanta-based real […]

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August 7, 2017

Berkadia Completes Sale of Arizona Multifamily Property for More than $37 Million

Tucson Real Estate: Northwest Side Apartment Complex Fetches $37.6M | Arizona Daily Star TUCSON, Ariz. – August 7, 2017 – Berkadia today announced the recent $37.6 million sale of Mission Palms, a garden-style multifamily property located in Tucson, Arizona. Senior Managing Director Art Wadlund and Associate Director Clint Wadlund of the Tucson office represented both […]

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