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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 Over $36 Million for Multifamily Property in Washington

PORTLAND – January 29, 2018 – Berkadia today announced it secured $36.86 million in financing for Springbrook Apartments, a multifamily community now under construction in Lakewood, Washington. Senior Director Rob Affleck of Berkadia’s Portland, Oregon office secured the permanent construction financing through the HUD 221(D)4 program on behalf of Washington-based developer, Momentum Partners, Inc. The […]

Washington State’s Tri-Cities Economy Poised for Strong Growth

Berkadia Team’s $37.6 Million Transaction Underscores Market’s Potential PORTLAND – October 26, 2016 – Berkadia today announced the sale and financing of The Villas at Meadow Springs, a 286-unit Class A multifamily property built in 2003 and located in one of the nation’s fastest-growing metro areas—Washington state’s Tri-Cities (Richland, Kennewick and Pasco). Managing Director Phil […]