Newsroom

November 13, 2017

Berkadia Completes $17 Million Sale of Arizona Multifamily Property

PHOENIX – November 10, 2017 – Berkadia today announced the $17.1 million sale of Olive East Apartments, a 120-unit multifamily garden-style property in Gilbert, Arizona. Senior Managing Directors Mark Forrester and Ric Holway and Senior Director Dan Cheyne of the Phoenix office secured the deal on behalf of the seller Heritage Square, a Phoenix-based LLC. […]

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October 31, 2017

Berkadia Arranges Unique 11-Year, $43.34 Million Loan to Refinance Newly Built Apartments in Broward County

Margate, Fla. (Oct. 31, 2017) – Berkadia arranged the refinancing of Celebration Pointe, a newly built, 282-unit luxury rental community located in Margate, Florida. The $43.34 million loan assumes a portion of the original construction loan and provides additional financing to cover stabilization of the property, currently 83 percent occupied. Berkadia South Florida Senior Managing […]

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October 27, 2017

Berkadia Secures Financing and Completes Sale of Florida Properties

ORLANDO and TAMPA, Fla. – October 27, 2017 – Berkadia today announced the Florida teams recently secured financing and completed the sale of properties in Florida. Senior Managing Director Marc Sumner secured $27M in financing for the Winter Park Shopping Center in Winter Park, Florida. The 15-year loan was secured through Sun Life Financial. “The […]

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October 26, 2017

Berkadia Secures $32.55 Million in Financing for Multifamily Property in Pennsylvania

PHILADELPHIA – October 26, 2017 – Berkadia announced today the closing of $32.55 million in financing for Deerfield Commons, a multifamily property in Shippensburg, Pennsylvania. Managing Director Brian Campbell along with Associate Director Jeremy Lynch and Analyst Jake Adoni of the Philadelphia office secured the permanent refinancing loan through Berkadia’s Fannie Mae program on behalf […]

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October 25, 2017

Berkadia Sells Three-Property Portfolio for $27.87 Million in Jacksonville

Jacksonville, Fla. (Oct. 25, 2017) – Berkadia announces it brokered the sale of a three-property portfolio of multifamily assets located in Jacksonville, for $27.87 million. The buyer, Infinity Acquisitions LLC, purchased the 593-unit portfolio from Nova Eagle. South Florida Senior Director Tal Frydman, along with Jacksonville Director Greg Rainey and Orlando Managing Director Cole Whitaker, […]

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October 24, 2017

Berkadia Completes Sale and Secures Financing for Missouri Property

PARKVILLE, Mo. – October 25, 2017 – Berkadia announced today the financing and sale of The Links at Parkville Apartments, a multifamily property located in Parkville, Missouri. Senior Director Michael Sullivan and Director Brett Meinzer of the Kansas City office and Managing Director Alex Blagojevich of the Chicago team completed the sale on behalf of […]

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October 18, 2017

Berkadia Completes $33 Million Sale of Multifamily Portfolio in Southern California’s Inland Empire

LOS ANGELES – October 18, 2017 – Berkadia announced the $33 million sale of Reche Ridge and 1333 Canyon, a two-property apartment portfolio in Colton, California. Managing Director Jim Fisher and Senior Director Mike Smith of Berkadia’s Los Angeles team represented the Seller, Los Angeles-based TruAmerica Multifamily in the transaction. The team previously sold the […]

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October 16, 2017

Berkadia Secures More Than $46 Million in Financing for Co-Op Building in Washington, D.C.

WASHINGTON, D.C. – October 16, 2017 – Berkadia today announced the recent financing of Capitol Hill Tower, a multifamily cooperative property located in Washington, D.C. Senior Director Joe DeGiorgi of the Philadelphia office secured the $46.94 million permanent refinancing on behalf of the borrower, Capitol Hill Tower Housing Cooperative, Inc. The deal closed on September […]

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October 13, 2017

Berkadia to Secure Financing for Mixed-Use Project in Downtown San Diego

San Diego – October 13, 2017 – A joint venture led by Manchester Financial Group has engaged Berkadia Hotels and Hospitality to source a $650 million construction loan on the Manchester Pacific Gateway development. The project is situated on San Diego’s waterfront and is the largest undeveloped urban waterfront site on California’s coast. The $1.3 […]

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October 12, 2017

Berkadia Secures $12,125,000 for Costa Mesa Self-Storage Facility

Irvine, CA – October 12, 2017 – Berkadia announced today the financing of AA New Storage, located at 1741 Whittier Avenue in Costa Mesa, California. Managing Director, Jackson Cloak, of Berkadia’s Irvine office negotiated the $12,125,000 transaction on behalf of a California investment group. The deal closed on August 4, 2017. “Berkadia engaged the conduit […]

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