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Berkadia Completes $39.75 Million Sale of The Residences at CityCenter in Downtown Atlanta

ATLANTA and BOISE, Idaho – May 4, 2022 – Berkadia announced today the sale of The Residences at CityCenter, a 182-unit garden-style multifamily property located in Downtown Atlanta. Judy MacManus, Paul Vetter, Andrew Mays and Matt White of Berkadia Atlanta and Brandon Grisham and Jeff Irish of Berkadia Affordable Housing Senior Managing Directors, completed the […]

Berkadia Adds Affordable Housing Expert to Mortgage Banking Team

Chevy Chase, MD – April 26, 2022 – Berkadia announced today the continued expansion of its Affordable Housing platform with the addition of Managing Director Jay Abeywardena to its mortgage banking team.  Abeywardena has more than 15 years of experience providing financing expertise to developers specializing in the construction and preservation of affordable housing. In the past eight years he has closed over $4.6 billion […]

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 […]

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 […]

Berkadia Completes $39 Million Sale of Multifamily Property in Bloomington, Illinois

CHICAGO — September 20, 2021 — Berkadia announced today the $39.15 million sale of Traditions Bloomington, a 396-unit garden-style multifamily property in Bloomington, Illinois. Managing Director Ralph DePasquale of Berkadia Chicago, and Senior Managing Directors Jeff Irish and Brandon Grisham of Berkadia Affordable Housing, completed the sale on behalf of the seller, Minnesota-based Dominium. The […]

Berkadia Structures $51 Million in Financing for Vitus Affordable Community in Jonesboro, Georgia

Atlanta, GA – September 2, 2021 – Berkadia announced today that it structured $51 million in financing for the redevelopment of Riverwood Townhouses, an affordable housing development in Jonesboro, Georgia.  The property was recently acquired by Vitus, a national developer and owner of affordable housing.  Senior Managing Director Tim Leonhard of Berkadia Affordable Housing secured […]