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From the Newsroom
July 7, 2021
Berkadia Negotiates $23.6 Million Multifamily Sale in Los Angeles
EL SEGUNDO, CA – July 7, 2021 – Berkadia announced today the sale of 720 South Normandie Avenue and 709 South Mariposa Avenue, two midrise-style multifamily properties totaling 101-units in Los Angeles, California. Senior Managing Director Brent Sprenkle of Berkadia El Segundo led the transaction on behalf of the buyer, Prana Investments, and the seller, Jamison. The properties sold for…
July 7, 2021
Berkadia Secures Senior Loan for Repositioned Mixed-Use Property in Jacksonville, Florida
ORLANDO, FL– July 7, 2021 – Berkadia today announced the refinancing of San Marco East Plaza, a 94 percent leased property in Jacksonville, Florida. Managing Director Rebecca Van Reken and Associate Director Alec Fox of Berkadia Orlando secured the bank financing on behalf of the owner, Prescott Group. Dallas-based Prescott Group took ownership of the asset via foreclosure in March…
July 7, 2021
Berkadia Secures $22.6 Million in Financing for Senior Affordable Multifamily Property in Queens Borough of New York City
WASHINGTON, D.C. – July 7, 2021 – Berkadia today announced the financing secured for Seagirt Senior Housing, a high-rise affordable housing property located in Far Rockaway, New York. Managing Director Laura Smith of Berkadia Washington, D.C. secured the $22.6 million in permanent refinancing on behalf of the borrower, New York-based JASA. The deal closed on June 28. The HUD 223(F)…