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 Arranges $40 Million in Financing for Affordable Housing Development in Atlanta, Georgia
ATLANTA, GA – March 2, 2022 – Berkadia announced today the acquisition financing of Highlands at East Atlanta, a 250-unit, affordable multifamily property in Atlanta, Georgia. Managing Directors Jeff Lawrence and Matthew Baptiste of Berkadia Affordable secured the financing on behalf of the purchaser, Infinity RE Impact II, LLC, a social impact fund that owns […]
Berkadia Arranges $20 Million of Bridge Financing for Affordable Housing Development in Atlanta, Georgia
ATLANTA, GA – March 2, 2022 – Berkadia announced today the bridge financing for the acquisition of Oglethorpe Place, a 144-unit, affordable multifamily property in Atlanta, Georgia. Located in the Historic West End community and adjacent to the West End MARTA Station, the property will continue to provide both affordable and market rate housing for […]
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 Secures $22.595 Million in Financing for Senior Affordable Multifamily Property in Brooklyn, New York
WASHINGTON, D.C. – November 24, 2021 – Berkadia today announced the financing secured for Scheuer House of Manhattan Beach, a midrise multifamily property located in Brooklyn, New York. Managing Director Laura Smith of Berkadia D.C. Metro secured the $22.595 million in permanent refinancing on behalf of the borrower, New York-based JASA. The deal closed on […]
Berkadia Secures $26 Million in Financing for Affordable Senior Community in Northern New Jersey
WASHINGTON, D.C. – September 17, 2021 – Berkadia today announced the financing secured for Bella Vista Senior Apartments, a 24-story, 231-unit Affordable housing property located in Union City, New Jersey. Managing Director Laura Smith of Berkadia D.C. Metro secured the $26 million in permanent refinancing on behalf of the borrower, Orlando Partners, LLC. 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 […]