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Berkadia Arranges $48 Million Sale and Financing of Virginia Affordable Housing Portfolio Acquired by Blackfin Real Estate Partners, LLC and GMF Capital

Norfolk, Va. (March 23, 2021) – Berkadia announces it has arranged the sale and financing of a three-property, 452-unit portfolio of affordable multifamily properties located in the suburbs of Richmond and Norfolk, Virginia. The three properties – Oaks of Dunlop Farms in Colonial Heights (144 units), Independence Square (152 units) and Crescent Place (156 units), […]

Berkadia Secures Nearly $34 Million in Financing for Multifamily Property in Georgia

WASHINGTON D.C. – December 23, 2020 – Berkadia today announced the financing secured for Cottages at Emerald Cove, a garden-style multifamily property in Savannah, Georgia. Senior Director Jonathan Pratt and Senior Managing Director Chris Ellis secured the $33.67 million in financing on behalf of the borrower, Salt Lake City-based Northrock Companies. The deal closed on […]

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 Over $148 Million in Combined Financing for Four Multifamily Properties

WASHINGTON D.C. – May 11, 2020 – Berkadia today announced the recent financing secured for four multifamily properties: The Asher, The Bennington, Merrimac Crossing and Sundance at Baxter Meadows. Senior Director Jonathan Pratt and Associate Directors Maggie Burke and Rossana Bouchaya of Berkadia’s D.C. Metro office secured $148.2 million in combined financing for the properties, […]

Berkadia Secures $45.5 Million in Financing for Multifamily Property in Virginia

RICHMOND, Va. and WASHINGTON D.C. – May 8, 2020 – Berkadia today announced the financing secured for Ravensworth Towers, a high-rise multifamily property in Annandale, Virginia. Director Jonathan Pratt and Associate Director Rossana Bouchaya of Berkadia’s D.C. Metro office, along with Senior Managing Director John Reed of Berkadia’s Richmond, Virginia office secured $45.5 million in […]

Berkadia Secures Nearly $18 Million in Financing for Multifamily Property in Utah

WASHINGTON D.C. – April 15, 2020 – Berkadia announced today the $17.89 million in financing secured for Greyhawk Townhomes, a multifamily property comprised of condominiums and townhomes in Layton, Utah. Managing Director Laura Saull Smith and Director Jonathan Pratt of Berkadia’s D.C. Metro office secured the loan through HUD on behalf of the borrower, Utah-based […]

Berkadia Secures Over $39 Million in Construction Financing for Multifamily Property Near Salt Lake City

DENVER and WASHINGTON D.C. – March 9, 2020 – Berkadia today announced the financing secured for North Union Apartments, a garden-style multifamily property in Midvale, Utah. Director Jonathan Pratt of Berkadia’s D.C. Metro office and Senior Managing Director Christopher Ellis of Berkadia’s Denver office secured $39.45 million in construction financing for the property on behalf […]

Berkadia Secures $39 Million in Financing for Multifamily Property in Phoenix

DENVER and WASHINGTON D.C.– February 19, 2020 – Berkadia today announced $39 million in secured financing for Tides on Thunderbird, a garden-style multifamily property in Phoenix, Arizona. Jonathan Pratt and Rossana Bouchaya of Berkadia’s D.C. Metro office along with Chris Ellis of Berkadia’s Denver office together secured the acquisition financing on behalf of Utah-based NorthRock […]

Berkadia Secures $68.5 Million in Financing for Recently Delivered Multifamily Property Near Orlando, Florida

WASHINGTON D.C. – January 13, 2020 – Berkadia today announced $68.5 million in secured financing for Town Trelago, a recently completed 350-unit garden-style, Class-A multifamily property in Maitland, Florida. Berkadia’s D.C. Metro office secured the acquisition financing for the community on behalf of Virginia-based Kettler. The deal closed on December 12. The 10-year fixed rate […]

Berkadia Secures $92.7 Million in Financing for Multifamily Property in Virginia

WASHINGTON D.C. – July 31, 2019 – Berkadia today announced $92.7 million in financing for Woodbridge Station, a garden-style multifamily property in Woodbridge, Virginia. Director Jonathan Pratt and Associate Director Rossana Bouchaya of Berkadia’s Washington D.C. office secured the loan on behalf of Foulger-Pratt, a Washington D.C.-based developer and operator. The deal closed on July […]