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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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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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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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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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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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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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. […]
Read More BOSTON, MA – January 26, 2021 – Berkadia today announced the addition of Managing Director Denny Meikleham to its Hotels & Hospitality platform, based out of Boston, Massachusetts. Denny will report to Senior Managing Director, and Head of Hotels & Hospitality, Andrew Coleman. “2020 was a challenging year for the hotels market, but we’re hopeful […]
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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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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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