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From the Newsroom
November 11, 2021
Berkadia Arranges Sale of New Multifamily Community Near Florida’s Turnpike in Miramar
The 380-unit LUMA at Miramar, completed in 2019, sold to a REIT for $133 million MIAMI (November 11, 2021) – Berkadia announces it has arranged the sale of LUMA at Miramar, a new 380-unit, garden-style multifamily community located in Miramar, Florida. Senior Managing Directors Roberto Pesant, Jaret Turkell and Charles Foschini, along with Associate Omar Morales and Senior Analyst Jose…
November 9, 2021
Berkadia Secures $16.125 Million in Financing for a Single-Family-Rental Build-for-Rent Community in Edmond, Oklahoma
Edmond, OK – November 9, 2021 – Berkadia announced today the financing of Highland 55, a 72-unit, build-for-rent-style multifamily property in Edmond, Oklahoma. Director Mackinley Robinson of Berkadia Seattle secured the $16.125 million in construction takeout financing through Fannie Mae on behalf of the buyer, an Oklahoma-based partnership. The deal closed on October 29. The 10-year loan featured 89 percent…
November 9, 2021
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 MIP Reduction program features a…