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From the Newsroom
December 21, 2021
Berkadia Secures $17.5 million of JV Equity for Acquisition of 242-unit Apartment Community Near Atlanta
MLG Capital provided $17.5 million in JV equity for the acquisition of Wildcreek Apartments in Clarkston, Ga. ATLANTA (December 20, 2021) — Berkadia announces it has secured a JV equity partner for the off-market acquisition of Wildcreek Apartments, a 242-unit Class B apartment community located in Clarkston, Ga. Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick of Berkadia JV Equity &…
December 21, 2021
Berkadia Surpasses $3 Billion in Affordable Financing in 2021
WASHINGTON D.C. – December 20, 2021 – Berkadia has surpassed $3 billion in total Affordable loan production in 2021 with the recent closing of a $96.5 million Fannie Mae loan for a 569-unit multifamily property in Alexandria, Virginia on behalf of Lincoln Avenue Capital. 2021 will be Berkadia’s strongest year in Affordable lending following a record-setting year in 2020, when…
December 21, 2021
Berkadia Arranges Sale of Miami River Development Site in a Qualified Opportunity Zone
Buyer Mill Creek Residential plans to build a 36-story, 428-unit apartment high-rise on the property at 230 SW 2nd Avenue MIAMI (December 20, 2021) – Berkadia announces it has arranged financing for a partnership to develop a site near the Miami River that is located in a Qualified Opportunity Zone (QOZ). Senior Managing Directors Jaret Turkell and Roberto Pesant, along…