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From the Newsroom
November 2, 2021
Berkadia Completes $28.85 Million in Combined Sales and Secures Financing for Two Multifamily Properties in Seattle
Seattle, WA – November 2, 2021 – Berkadia announced today the sale of The Magnolia and Thirty One Apartments in Seattle, Washington. Managing Directors Jay Timpani, Mitchell Belcher and Steven Chattin, and Associate Director Chad Blenz, all of Berkadia Seattle, led the transaction on behalf of the sellers. Managing Director Robert Doxsee and Associate Director Michael Manolides also of Berkadia…
November 1, 2021
Berkadia Secures Over $35 Million in Construction Financing for Multifamily Property in Virginia
RICHMOND, Va. – November 2, 2021 – Berkadia announced today the financing secured for the second phase development of Meadow Branch, a garden-style multifamily property in Winchester, Virginia. Senior Managing Director David Blake, Senior Director Stephen Murden and Director Amy Gay of Berkadia Richmond secured the $35.4 million in construction financing on behalf of the borrower, Virginia-based Denstock, LLC. The…
November 1, 2021
Berkadia Secures Joint Venture Partner for Toll Brothers Apartment Living® To Develop 218-Unit Rental Community in Santa Ana, California
EJF Capital LLC provides $31.7 million toward the development of Rafferty, a 218-unit mixed-use community in a Qualified Opportunity Zone (QOZ) in downtown Santa Ana LOS ANGELES (November 1, 2021) – Berkadia today announced that it has secured a joint venture partner for the nation’s leading builder of luxury homes Toll Brothers, Inc. (NYSE: TOL), through its Toll Brothers Apartment…