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 Completes Sale and Secures $100 Million in Financing for Student Housing Portfolio in Virginia
NEWPORT NEWS, VA — June 25, 2021 — Berkadia announced today the sale of and financing secured for a three-property student housing portfolio in Blacksburg, Virginia. The properties in this portfolio included Hunters Ridge, Maple Ridge Townhomes and Collegiate Suites of Blacksburg. Senior Director David Hudgins of Berkadia Newport News completed the sale on behalf […]
Berkadia Completes $46 Million Sale of Multifamily Property in Virginia
WASHINGTON, D.C., and RICHMOND, Va. — June 8, 2021 — Berkadia announced today the sale of Spotswood Commons, a 212-unit garden-style multifamily property in Williamsburg, Virginia. Senior Managing Director Drew White of Berkadia DC Metro and Director Carter Wood of Berkadia Richmond completed the $46 million sale on behalf of the seller, Massachusetts-based The Dolben […]
Berkadia Completes Nearly $140 Million Sale of Multifamily Property Outside Baltimore
WASHINGTON, D.C., and RICHMOND, Va. — June 4, 2021 — Berkadia announced today the sale of Highland Village Townhomes, a 1098-unit garden-style multifamily property in Halethorpe, Maryland. Senior Managing Director Drew White of Berkadia’s Washington, D.C. office and Director Carter Wood of Berkadia’s Richmond, Virginia office completed the $139.85 million sale on behalf of the […]
Berkadia Completes $47.5 Million Sale of Multifamily Property in Virginia
WASHINGTON, D.C., and RICHMOND, Va. — April 26, 2021 — Berkadia announced today the sale of River’s Edge at Manchester, a 212-unit luxury, Class A multifamily high-rise in Richmond, Virginia. Senior Managing Director Drew White of Berkadia’s Washington, D.C. office and Director Carter Wood of Berkadia’s Richmond, Virginia office completed the $47.5 million loan assumption […]
Berkadia Secures Over $81 Million in Combined Financing for Three Multifamily Properties in Virginia
RICHMOND, Va. – March 2, 2021 – Berkadia today announced the $81.678 million in combined financing secured for Eagle Harbor West Apartments, Harbor Vista at Crawford Street and The Marq Apartments, three multifamily properties in Virginia. Senior Director Steve Murden of Berkadia’s Richmond, Virginia office secured the permanent refinancing on behalf of the borrower, Virginia-based […]
Berkadia Secures $54 Million in Financing for Multifamily Property in Virginia
RICHMOND, Va. – February 2, 2021 – Berkadia today announced the $54.075 million in financing secured for Scott’s View, a multifamily mixed-use property in Richmond, Virginia. Senior Managing Director John Reed of Berkadia’s Richmond, Virginia office secured the permanent refinancing for the property on behalf of Virginia-based Historic Housing, LLC and its principals David White […]