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From the Newsroom
October 5, 2021
Berkadia Secures Over $24.5 Million in Financing for Multifamily Property in Alabama
LOUIS – October 5, 2021 – Berkadia announced today the financing secured for Olde Oak Apartments, a garden-style multifamily property in Saraland, Alabama. Director Pat Garlich of Berkadia St. Louis secured the $24.578 million in permanent refinancing on behalf of the borrower, Missouri-based Maxus Realty Trust Inc. The deal closed on September 20. Freddie Mac provided the seven-year loan. “We…
September 27, 2021
Berkadia Arranges $42 Million Refinancing for Luxury Apartments in West Palm Beach
West Palm Beach, Fla. (September 27, 2021) – Berkadia announces it has arranged the $42 million recapitalization of Alora at West Palm Beach, a 270-unit luxury apartment community in the heart of West Palm Beach, Florida. Senior Managing Director Charles Foschini and Managing Director Chris Apone of Berkadia Miami secured the financing on behalf of the ownership, AHC of West…
September 24, 2021
Berkadia Closed the Sale of 34-Key El Colibri Hotel & Spa in Cambria, California
SAN DIEGO, CA– September 24, 2021 – Berkadia announced today the sale of El Colibri Hotel & Spa, a 34-key coastal boutique hotel in Cambria, California. Managing Director Scott Hall and Senior Director Aaron Lapping of Berkadia San Diego led the transaction on behalf of the seller, Aliso Viejo-based Pacifica Hotels. The property was sold to San Diego-based Pacifica Companies.…