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Berkadia Closes Over $2 Billion in HUD Financing in First Half of 2021

Berkadia’s record breaking HUD production continues as team heads into the second half of the year with strong momentum WASHINGTON D.C. – August 2, 2021 – Berkadia’s HUD specialists have completed more than $2.1 billion in financing across 114 closings in the first half of the year. The team closed the final week of the […]

Berkadia Secures $33 Million in Financing for New Multifamily Construction in Texas

DALLAS – July 21, 2021 – Berkadia today announced the financing secured for Midtown Station Apartments, a 264-unit garden-style multifamily property in College Station, Texas. Senior Managing Director Tim Nunan of Berkadia Dallas secured the $33.31 million in permanent construction financing on behalf of the borrower, Delaware-based CS Midtown Holdings, LP, which is a partnership […]

Berkadia Closes More Than $1 Billion in HUD Financing in First Quarter of 2021

WASHINGTON D.C. – April 28, 2021 – Berkadia’s HUD specialists have completed more than $1.25 billion in financing across 70 closings in the first three months of the year. On the heels of a record 2020, with more than $3 billion in closed HUD financing, the team expects to remain active in 2021 as the […]

Berkadia Seniors Housing & Healthcare Group Secured Nearly $1 Billion in Financing in 2020

WASHINGTON, D.C. – January 29, 2021 – Berkadia’s Seniors Housing & Healthcare group secured nearly $1 billion in financing in 2020. The team’s 83 transactions encompassed a range of high occupancy property types—assisted living, skilled nursing, memory care—across the country. “The COVID-19 pandemic presented unique challenges to the seniors housing and healthcare market and we […]

Berkadia Secures Nearly $40 Million in Financing for Two Midwestern Multifamily Properties

CHICAGO – January 28, 2021 – Berkadia today announced $39.1 million in combined HUD-insured financing secured for Covington Place Apartments and Cape Cod Village Apartments. The properties are both market-rate, garden-style multifamily properties located in Missouri and Illinois. Managing Director Paul Matusiak of Berkadia’s Chicago office arranged the HUD Section 223(a)7 multifamily loans on behalf […]

Berkadia Secures $25.4 Million in Combined Financing for Two Properties

WASHINGTON, D.C. – December 23, 2020 – Berkadia today announced the financing secured for two properties, Coventry Townhomes and Brandywine Apartments. Members of Berkadia’s DC Metro office secured both loans on behalf of their respective borrowers. Coventry Townhomes was financed using HUD’s 223(f) recent 3-Year Rule Change.  Coventry was built in 2019 and features 55 […]

Berkadia Secures More Than $3 Billion in HUD Financing in 2020 To-Date

WASHINGTON D.C. – December 14, 2020 – Berkadia’s HUD-specialized team has surpassed $3 billion in total HUD-sponsored production in 2020 thus far, following the closing of an $83.7 million for a garden-style multifamily property on behalf of California-based Tomanek Group, LLC. With this deal being the latest of many recent closings, the team is on […]

Berkadia Secures Nearly $22 Million in Financing for Multifamily Property in Atlanta

JUPITER, Fla. – October 28, 2020 – Berkadia today announced the financing secured for London Townhomes, a garden-style multifamily mixed-income property located in Atlanta, Georgia. Managing Director Carolyn Whatley of Berkadia’s Jupiter, Florida office originated the $21.9 million loan on behalf of the borrower, Atlanta-based The Benoit Group, LLC. The deal closed on August 31. […]

Berkadia Secures $9.75 Million in Financing for Skilled Nursing Facility in Byram, Mississippi

Byram, Mississippi – October 19, 2020 – Berkadia announced today the financing of Willow Creek Retirement Center, an 88-bed, licensed Skilled Nursing/Alzheimer property in Byram, Mississippi. Managing Director Laura Saull Smith of Berkadia’s D.C. Metro office secured $9.75 million to refinance this property for WCR, LLC and Managing Member Robert Rotolo. The 35-year loan features […]

Berkadia Provides Nearly $45 Million Bridge Loan for Multifamily Property in Maryland

WASHINGTON D.C. – October 20, 2020 – Berkadia announced today the $44.8 million in financing provided to Heritage at Silver Spring, a luxury multifamily property in Silver Spring, Maryland. Managing Director Laura Smith and Associate Director Rossana Bouchaya of Berkadia’s D.C. Metro office secured the loan on behalf of the borrower, Heritage Silver Spring Titleholder, […]