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From the Newsroom
February 3, 2023
JV Equity Secures Programmatic Equity | Berkadia 2023
Berkadia Secures Programmatic Equity for Sterling Group’s Recapitalization of Three Apartment Communities in Southeast NEW YORK (February 1, 2023) – Berkadia announces it has secured programmatic equity from a global institutional investor to finance Indiana-based The Sterling Group’s recapitalization of three apartment communities located in North Carolina, South Carolina and Tennessee. Cody Kirkpatrick, Noam Franklin, and Chinmay Bhatt of Berkadia…
January 25, 2023
MCU, Ranchos Palos Verdes and San Pedro, CA | Sold and Financed by Berkadia 2023
Berkadia and Marymount California University Complete $80 Million Sale and Secure Bridge Financing for $20 Million LOS ANGELES and EL SEGUNDO, Calif. – January 25, 2023 – Berkadia announced today the sale of Marymount California University’s (MCU) campus in Rancho Palos Verdes and The Villas in San Pedro, California. The two sites consist of the MCU Oceanview campus in Rancho…
January 24, 2023
District 42, Sioux City, IA | Financed by Berkadia 2023
Berkadia Secures Over $20 Million in Financing for Multifamily Property in Iowa WASHINGTON, D.C. – January 20, 2023 – Berkadia announced today the financing of District 42 Apartments, a 215-unit midrise multifamily property located in Sioux City, Iowa. Managing Director Nick Nicholson of Berkadia HUD/FHA arranged $20.016 million in permanent refinancing on behalf of the borrower, South Dakota-based Talon Development.…