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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 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 $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 […]