Berkadia, a distinguished leader in the commercial real estate sector, announces that it secured a $31.5 million bridge loan on behalf of the sponsor, Midtown Capital, to complete construction of The Astoria, a new 149-unit apartment community in Salt Lake City, Utah. Located in the city’s emerging Fairpark District, where a new Major League Baseball stadium is being planned, the apartment community is slated for completion in the third quarter of 2025.

Managing Director Scott Wadler and Vice President-Originations Patrick Johnson, along with Senior Managing Director Mitch Sinberg and Managing Directors Brad Williamson and Matt Robbins of Berkadia Miami and Boca Raton, secured the financing for Midtown Capital, a vertically integrated real estate development and management company with offices in Miami, West Palm Beach, and Madrid, Spain. Its $1 billion portfolio includes commercial and residential properties in Florida, Texas, Georgia, Illinois, and Utah.

New York City-based lender RMWC provided the two-year, floating-rate loan to refinance the existing construction loan and fund the project’s completion.

Highly anticipated transaction provides significant public benefits, including transportation connectivity, ease of congestion and improved stormwater drainage

237 upscale apartments set to revitalize Asheville’s River Arts District, with first move-ins slated for April 1 and full completion in June 2025

Proposed Plan Includes 206 Units of Affordable Housing and Retail, Community Space and Public Art

Minto Communities USA has announced the launch of the third and final phase of The Terraces, an affordably priced townhome neighborhood within the highly sought-after Westlake development. Driven by strong buyer demand, Westlake’s developer and primary builder is adding 227 new townhomes with prices starting in the mid-$300s.  Offering unmatched value in Palm Beach County, The Terraces provides homebuyers with modern, new-construction residences in a vibrant, lifestyle-centric development.  

Jim Chapman Construction Group (JCCG), a build-to-rent (BTR) general contractor, is excited to announce land development is slated to begin at Creekside Cottages in Opelika, Alabama, near Auburn University. Following the success of BTR developments by JCCG in Athens, Georgia and Tallahassee, Florida, Creekside Cottages serves as the next RanchCottagesForRent project in a major college town.

On the heels of its official groundbreaking, the Art Deco-inspired residential project secures construction financing, building on momentum of over 50% pre-construction sales for 103 luxury residences in North Beach

Trilogy Investment Company, in partnership with Kingdom Estates, proudly announces the groundbreaking of The Isling at Savannah Harbor, an exceptional new residential community designed to redefine waterfront living on the picturesque Hutchinson Island, Georgia.