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From the Newsroom
June 9, 2021
Berkadia Completes $30 Million Sale for Hotel Portfolio in Virginia
ASHBURN, VA — June 9, 2021 — Berkadia announced today the $30 million sale for Embassy Suites and Homewood Suites Dulles North, a 244-room suites product dual brand property in Ashburn, Virginia. Managing Director Dan Hawkins, Senior Director John Testerman and Associate Director John Kluh of Berkadia Hotels & Hospitality completed the sale on behalf of the seller, Maryland-based The…
June 8, 2021
Berkadia Completes $46 Million Sale of Multifamily Property in Virginia
WASHINGTON, D.C., and RICHMOND, Va. — June 8, 2021 — Berkadia announced today the sale of Spotswood Commons, a 212-unit garden-style multifamily property in Williamsburg, Virginia. Senior Managing Director Drew White of Berkadia DC Metro and Director Carter Wood of Berkadia Richmond completed the $46 million sale on behalf of the seller, Massachusetts-based The Dolben Company, Inc., and the buyer,…
June 8, 2021
Berkadia Secures Nearly $32 Million in Financing for Multifamily Property in Phoenix
LOS ANGELES – June 8, 2021 – Berkadia today announced the financing secured for Cactus Forty-2, a garden-style multifamily property located in Phoenix, Arizona. Managing Director Allan Freedman of Berkadia Los Angeles secured the $31.9 million in permanent acquisition financing on behalf of the borrower, California-based The Ezralow Company. The deal closed on April 28. The seven-year Freddie Mac loan…