Business Specialties
Affordable NC Property Lands Fannie Mae Financing
Working on behalf of IPI Properties 11, a partnership between Berkeley Point Capital and Dougherty arranged a $1.2 million acquisition loan for Barden Ridge Apartments, a 48-unit community in Roxboro.
Far North Dallas 420-Unit Community Lands Refi
Working on behalf of Lantower Residential, HFF arranged a 10-year, fixed-rate loan for The Cortona, a 420-unit multifamily property in Fairview, Texas.
Newly Built FL Community Lands $43M Refi
The new loan assumes part of the original construction loan and provides additional financing to cover the stabilization of the property. Berkadia arranged the deal on behalf of the borrower.
In Case You Missed It: MHN’s Top 5 Posts in October
Miss out on any of our articles? Catch up with five of our most popular posts for the month.
Northland Buys Echo Lake in Bradenton, FL
The company has purchased the 360-unit, Class A community, which was completed earlier this year and is managed by Lincoln Property.
Greater Boston Development Ready for Move-in
Meriel Marina Bay has reached a new milestone. The South Building of the property is now open and welcoming new occupants.
FCP Buys $16M Charleston Apartments
The company purchased Gates at Summerville, a 232-unit garden-style community in the Summerville submarket of Charleston, and plans to add a dog park and sport court and improve the landscaping, common areas and curb appeal.
TerraCap Buys Suburban ATL Portfolio for $116M
The 1,100-unit portfolio is comprised of four assets situated in Atlanta’s northern suburbs. CBRE facilitated TerraCap’s acquisition by arranging a four-year loan provided by Principal Real Estate Investors.
New Luxury Community Opens in Tarzana, CA
The 57-unit luxury Residences at Village Walk, developed by Sinanian Development, is now open. Moss & Co. will manage the property located at Yolande Avenue.
Berkadia Brokers Sale of 150-Unit SC Community
Gladiator purchased Charbonneau for $9.2 million. Mark Boyce and Blake Coffey of Berkadia’s Charleston team negotiated the transaction on behalf of seller Raith Capital Partners. Mike Zaremski in Berkadia’s New York City office financed the transaction through Fannie Mae.