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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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February 1, 2021

Berkadia Secures $28.5 Million in Acquisition Financing for Class A Office Towers

Sarasota, Fla. (Feb. 1, 2021) – Berkadia announces it has arranged $28.5 million in financing for the $35.1 million acquisition of BB&T Financial Center, a two-tower, nine-story Class B office building in Downtown Sarasota. Managing Director Scott Wadler of Berkadia’s Miami office and Associate Director Alec Fox of Berkadia’s Orlando office secured the loan on […]

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February 1, 2021

Berkadia Affordable Expands Mortgage Banking Team with Three Top Producers

Chevy Chase, MD – February 1, 2020 – Berkadia announced today the continued expansion of its Affordable Housing platform with the addition of three mortgage bankers based in the Southeast.  Managing Directors Jeff Lawrence, Heather Olson and Matthew Baptiste bring an average of 18 years of Affordable Housing financing experience to Berkadia’s robust Affordable debt platform. The group of top performing mortgage bankers, all of whom […]

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multifamily markets Washington DC
January 29, 2021

Berkadia Seniors Housing & Healthcare Group Secured Nearly $1 Billion in Financing in 2020

WASHINGTON, D.C. – January 29, 2021 – Berkadia’s Seniors Housing & Healthcare group secured nearly $1 billion in financing in 2020. The team’s 83 transactions encompassed a range of high occupancy property types—assisted living, skilled nursing, memory care—across the country. “The COVID-19 pandemic presented unique challenges to the seniors housing and healthcare market and we […]

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commercial real estate Southeast
January 28, 2021

Berkadia Secures Nearly $40 Million in Financing for Two Midwestern Multifamily Properties

CHICAGO – January 28, 2021 – Berkadia today announced $39.1 million in combined HUD-insured financing secured for Covington Place Apartments and Cape Cod Village Apartments. The properties are both market-rate, garden-style multifamily properties located in Missouri and Illinois. Managing Director Paul Matusiak of Berkadia’s Chicago office arranged the HUD Section 223(a)7 multifamily loans on behalf […]

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January 28, 2021

Berkadia Secures Nearly $70 Million in Financing for Multifamily Property in Austin

DALLAS – January 28, 2021 – Berkadia today announced the financing secured for 27 Eleven Apartments, a midrise multifamily property located in Austin, Texas. Senior Director Chad Bedwell of Berkadia’s Dallas office completed the $69.5 million loan on behalf of the borrower, California-based Paydar Properties. The deal closed on December 17, 2020. The 40-year HUD […]

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January 27, 2021

Berkadia Secures Nearly $20 Million in Financing for Multifamily Property in Alabama

DENVER – January 27, 2021 – Berkadia today announced the financing secured for The Morgan at EastChase, a garden style multifamily property located in Montgomery, Alabama. Managing Director Jennifer Quigley of Berkadia’s Denver office completed the $19.699 million loan on behalf of the sponsor, Alabama-based Foshee Residential Management Company. The deal closed on January 26. […]

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January 27, 2021

Commercial Real Estate Professionals Optimistic About 2021 Despite Pandemic, Ongoing Economic Uncertainty

Increased financing activity and affordable housing interest expected in the year ahead, according to Berkadia’s 2021 Outlook Powerhouse Poll NEW YORK – January 27, 2021 – Berkadia’s 2021 Outlook Powerhouse Poll finds that the multifamily sector of the commercial real estate (CRE) industry performed stronger than anticipated in the face of the COVID-19 pandemic. Mortgage […]

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January 19, 2021

Berkadia Provides $47M Loan for South Florida Apartments

The Praedium Group acquired the 312-unit Gatehouse on the Green in Plantation MIAMI (January 19, 2021) – Berkadia announces it has provided a loan for the acquisition of Gatehouse on the Green, a 312-unit value-add apartment community located in the Broward County city of Plantation, Fla. Senior Managing Director Charles J. Foschini and Managing Director […]

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