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Berkadia Secures $36.6 Million in Construction Financing for Multifamily Property in Virginia

RICHMOND, Va. – April 28, 2022 – Berkadia announced today the financing secured for Huntington Pointe Apartments, a to-be constructed 176-unit garden-style multifamily property in Newport News, Virginia. Director Amy Gay and Senior Director Stephen Murden of Berkadia Richmond secured the $36.6 million in permanent construction financing on behalf of the borrower, Virginia-based The Breeden Company. The deal […]

Berkadia Secures $56.2 Million in Construction Financing for Multifamily Property in Virginia

RICHMOND, Va. – November 9, 2021 – Berkadia today announced the $56.2 million in financing secured for Gravity on 400, a 273-unit high-rise multifamily property in Norfolk, Virginia. Director Amy Gay of Berkadia Richmond secured the construction financing on behalf of the borrower, Virginia-based Marathon Development Group. The deal closed on November 4. The HUD 221(d)(4) loan through the Green […]

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 […]

Berkadia Secures $77 Million in Combined Financing for Two Multifamily Properties in the Southeast

RICHMOND, Va. – August 10, 2021 – Berkadia today announced the $77.1 million in combined financing secured for two multifamily properties, Big Sky Apartments in Virginia and Washington Landing in West Virginia.  Senior Director Stephen Murden and Director Amy Gay of Berkadia Richmond, Virginia secured the respective HUD financing on behalf of Virginia-based Pinnacle Construction & Development Corp. Big Sky Apartments is […]

Berkadia Secures $39 Million in Construction Financing for Multifamily Property in South Carolina

RICHMOND, Va. – December 17, 2020 – Berkadia today announced the financing secured for The Babcock Building, a gut-renovated garden style multifamily property located in Columbia, South Carolina. Senior Managing Director David Blake and Director Amy Gay of Berkadia’s Richmond, Virginia office together secured the $39 million construction loan on behalf of the borrower, Virginia-based […]