Dealmaker: Berkadia Closes $31M Apartment Property Sale

Berkadia arranged the $30.6 million sale and financing for Turtle Creek Apartment Homes, a 232-unit garden-style apartment community 15 miles north of downtown Tampa, Fla. Managing Director Jason Stanton from …

Multifamily Lending Increased 7% to New Record High in 2019

Fueled by strong market fundamentals and low interest rates, 2,589 different multifamily lenders provided $364.4 billion in new mortgages in 2019 for apartment buildings with five or more units, according to the Mortgage Bankers Association’s annual multifamily lending market report.

Personnel News from Sims, CBRE, Berkadia

HJ Sims, Fairfield, Conn., opened a new West Coast office in Orange County, Calif., and hired Brady Johnson as Senior Vice President.

Personnel News from Berkadia, Newmark Knight Frank

Berkadia added three new mortgage banking team members to its Irvine, Calif., office: Managing Director Chuck Christensen, Senior Director Vincent Punzi and Vice President of Originations Lowell Takahashi.