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From the Newsroom
December 6, 2021
Berkadia Secures Over $25 Million in Financing for Affordable Housing Property in Seattle
PORTLAND, Ore. – December 3, 2021 – Berkadia announced today the financing secured for Heartwood, a to-be-built eight-story, midrise multifamily property in Seattle, Washington. Managing Director Fred Dockweiler of Berkadia Portland secured the $25.6 million in construction financing and Freddie Mac forward take-out loan on behalf of the sponsor, Washington-based Community Roots Housing. The deal closed on November 4. The…
December 6, 2021
Berkadia Completes $108.5 Million in Combined Sales of Two Multifamily Properties in Georgia
ATLANTA — December 3, 2021 — Berkadia announced today the $108.5 million in combined sales of Legacy at Riverdale and The Quarry, two garden-style multifamily properties in Georgia. Director Matt White, Senior Managing Directors Paul Vetter and Andrew Mays and Senior Director Judy MacManus of Berkadia Atlanta completed the sale of Legacy at Riverdale on behalf of the West Coast-based…
November 30, 2021
Berkadia Arranges $62M Stretch Senior Loan for Acquisition of 568 Bed Student Housing Property in Baltimore
PIMCO provided the loan for the acquisition of Nine East 33rd, a 157-unit/568-bed off-campus student housing property near the main entrance of Johns Hopkins University Baltimore, MD (November 23, 2021) – Berkadia announces it has secured a $62 million stretch senior loan for the acquisition of Nine East 33rd, a 157-unit/568-bed off-campus student housing property located right across the street…