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 […]
Berkadia Secures Over $15 Million Fannie Mae Loan on Multifamily Property in Grand Rapids, Michigan
DETROIT – April 15, 2020 – Berkadia today announced the $15.1 million loan with Fannie Mae secured for Lofts on Alabama, a Class-A apartment community in Grand Rapids’ West Side neighborhood. Director Aaron Moll of Berkadia’s Detroit office secured the permanent financing on behalf of an undisclosed entity and the deal closed on April 3. […]
Berkadia Brings New Capital to Student Housing in Sale and Financing of Property Near Georgia Southern University
ATLANTA, GA – March 20, 2020 – Berkadia today announced the sale and financing for 111 South, a 709-bed student housing community near Georgia Southern University in Statesboro, Georgia. Senior Managing Director Kevin Larimer and Director Greg Gonzalez of Berkadia’s Student Housing team, with Senior Director Judy MacManus of Berkadia’s Atlanta office, completed the sale […]
Berkadia Secures $23 Million in Financing for Retail Property in Michigan
DETROIT – November 18, 2019 – Berkadia today announced the $23.25 million in financing secured for The Shops at Stony Creek, a retail strip center in Shelby Township, Michigan. Senior Managing Director Colin Callaghan and Director Aaron Moll of Berkadia’s Detroit office secured the permanent refinancing on behalf of Michigan-based MJC Homes, Inc., and the […]
Berkadia Completes Sale and Secures Financing for Multifamily Property in Michigan
DETROIT – August 16, 2019 – Berkadia recently completed the sale and secured financing for Alden Towers, a multifamily property in Metro Detroit, Michigan. Senior Managing Director Kevin Dillon, Managing Directors Rick Vidrio and Jason Krug, Senior Director Rick Brace and Directors Carly Dietz, Corey Krug and Charley Henneghan, all of Berkadia’s Detroit office, completed […]
Berkadia Arranges Acquisition Financing of 732-Bed Student Housing Property at Texas Tech University for XFD Real Estate Partners
LUBBOCK, Tex. – November 15, 2017 –Berkadia has secured a new loan to finance the acquisition of Park East Apartments, formerly 18Nineteen Apartments, a 732-bed student housing community near Texas Tech University, which serves 36,551 students. The property was purchased by XFD Real Estate Partners as part of an upcoming series of planned acquisitions as […]