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From the Newsroom
May 25, 2021
Berkadia Arranges Fractured Condo Sale and Financing in Pompano Beach, Fla.
Pompano Beach, Fla. (May 25, 2021) – Berkadia announces it has arranged the sale and financing of 153 condominium units at Breezes at Palm-Aire, a 288-unit, garden-style residential community located in Pompano Beach, Fla. The buyer was Axonic Properties, LLC managed by Jonathan Shechtman, a New York-based investment advisor. The $25.39 million sale price breaks down to $166,000 per door.…
May 25, 2021
Berkadia Secures $22.7 Million in Financing for Multifamily Property in Kansas City, Missouri
KANSAS CITY, Mo. — May 25, 2021 — Berkadia announced today the financing secured for Staley Crossing, a 177-unit townhome-style, multifamily property in Kansas City, Missouri. Managing Director John J. Schorgl of Berkadia Kansas City, Missouri secured the $22.7 million in refinancing on behalf of the borrower, Missouri-based Worcester Investments. The deal closed on May 25. The 12-year loan was…
May 24, 2021
Berkadia Arranges $25 Million in Preferred Equity for Build to Rent Platform
DALLAS (May 24, 2021) – Berkadia announces it has arranged a $25 million preferred equity facility for a REIT focused on the Build-to-Rent (BTR) space in Texas. Berkadia JV Equity & Structured Capital, led by Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick, secured the capital provider. The preferred equity line will be used to help recapitalize the REIT’s current scattered-site…