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From the Newsroom
March 22, 2021
Berkadia Secures Over $18 Million in Financing for Multifamily Property in Michigan
DETROIT – March 22, 2021 – Berkadia today announced the financing secured for The Glens at Rolling Ridge, a garden-style multifamily property in Howell, Michigan. Senior Managing Director Colin Callaghan of Berkadia’s Detroit office secured the $18.7 million in HUD financing for the property on behalf of the borrower, an undisclosed entity. The deal closed on February 26. The HUD…
March 19, 2021
Berkadia Completes $95 Million Sale of Two Multifamily Properties in Massachusetts
BOSTON – March 19, 2021 – Berkadia announced today the $95 million sale of the Merrimack Valley Portfolio, consisting of Mill 240 and Washington Mills, two mid-rise former mill buildings developed into Class A multifamily properties in Lawrence, Massachusetts. Senior Directors Jennifer Athas and Matt Olson of Berkadia’s Boston office completed the sale on behalf of the seller, Massachusetts-based SMC…
March 18, 2021
Berkadia Completes $15 Million Sale of Development Site in the Phoenix Submarket
PHOENIX, AZ – March 18, 2021 – Berkadia today announced the sale of 2.229 acres of land in Kierland, Arizona. Senior Managing Directors Mark Forrester and Ric Holway, Senior Director Dan Cheyne and Director Andrew Curtis of Berkadia’s Phoenix office completed the $15 million sale on behalf of the seller, San Antonio-based Embrey Partners, LTD. The deal closed on March…