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From the Newsroom
July 22, 2021
Berkadia Secures $33 Million in Financing for New Multifamily Construction in Texas
DALLAS – July 21, 2021 – Berkadia today announced the financing secured for Midtown Station Apartments, a 264-unit garden-style multifamily property in College Station, Texas. Senior Managing Director Tim Nunan of Berkadia Dallas secured the $33.31 million in permanent construction financing on behalf of the borrower, Delaware-based CS Midtown Holdings, LP, which is a partnership between Cross Development and StoneCreek…
July 21, 2021
Berkadia Arranges $52 Million Recapitalization for Neology Life’s Pier 19 Residences & Marina in Miami River District
MIAMI (July 21, 2021) – Berkadia announces it has secured a $52 million bridge loan to refinance Pier 19 Residences & Marina, a 199-unit luxury apartment community along the Miami River in downtown Miami. Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia Miami secured the financing on behalf of sponsor Neology Life Development Group, a lifestyle-driven…
July 20, 2021
Berkadia Secures $15.77M in Equity for Encore Enterprises to Develop 386-Unit Apartment Community in San Antonio
San Antonio, TX (July 19, 2021) – Berkadia announces it has sourced a capital partner for Dallas-based Encore Multifamily, a division of Encore Enterprises, development of a class A apartment community in San Antonio, Texas. The “Encore Lower Broadway” development will be a five-story, 386-unit apartment community built on a 4.2-acre site located on the corner of East Grayson Street…