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From the Newsroom
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…
November 8, 2021
Berkadia Secures $72 Million in Construction Financing for Multifamily Property in Florida
LOS ANGELES – November 8, 2021 – Berkadia today announced the financing secured for the development of Palm Beach Riverstone, a midrise multifamily property in West Palm Beach, Florida. Senior Director George Spadier of Berkadia Los Angeles secured the $72 million in construction financing for the property through a correspondent life company. The deal closed on October 21. The 11-year…
November 8, 2021
4th + J, San Diego CA | Sold by Berkadia 2021
IRVINE, Calif. – November 5, 2021 – Berkadia Institutional Solutions announced today the sale of 4th + J, a brand-new luxury multifamily asset located in the Marina District in downtown San Diego, California. Managing Director Rachel Parsons and Senior Directors Derrek Ostrzyzek and Mike Murphy of Berkadia Irvine completed the sale on behalf of the seller, a partnership between Legacy…