The Class A, garden-style multi-housing property totals 216 units 

Berkadia announces it has secured debt and equity for the acquisition of the 192-unit Element at University Park in College Station, Texas. Senior Managing Director Mitch Sinberg of Berkadia’s Boca Raton office and Managing Director Brad Williamson of Berkadia’s Miami office secured a senior loan on behalf of One Real Estate Investment (OREI), a real estate investment and asset management firm based in Miami. Berkadia’s Joint Venture Equity and Structured Capital Group in New York, led by Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick, lined up an institutional quality equity partner to complete the equity stack with an investment through Electra Capital.

The garden-style Bergen County community totals 237 units

 The five-property portfolio totals 844 affordable housing units in various neighborhoods

Berkadia announces it has arranged the sale of The Belvedere  Springwoods Village, a Class A mid-rise apartment community located in the modern mixed-use community of Springwoods Village, 20 minutes outside of downtown Houston, Texas. Senior Managing Director Ryan Epstein and Director Jennifer Ray of Berkadia’s Houston office represented the seller, Martin Fein Interests.

Berkadia announces it has secured $37.33 million in financing for the recapitalization of Advenir at Polos East Apartments, a 308-unit apartment community located in Orlando, Fla. Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia’s Miami office arranged the financing on behalf of the borrower, Miami-based Advenir.

Berkadia originated and Freddie Mac purchased the 7-year, fixed-rate loan with full-term interest only, at a 70 percent loan to value.

Berkadia announces it has secured $16.12 million in financing for the recapitalization of Creekwood Club, a 176-unit apartment and townhome community located in Jacksonville, Fla. Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia’s Miami office arranged the financing on behalf of borrower Westside Capital.

Berkadia originated and Fannie Mae purchased the 10-year, fixed-rate loan with partial interest only, at a 75 percent loan to value. The property was 95 percent occupied at the time of refinancing.

Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered a three-building, 36-unit portfolio located in the Portage Park neighborhood of Chicago. The portfolio included 3905-11 N. Linder, a 10-unit building; 3514-18 N. Long, a 16-unit building; and 3816-24 N Long, a 10-unit building. Drexel Properties purchased the portfolio for $3,525,000 from a long-time Chicago landlord. Kiser Group Broker Rick Ofman was the sole broker in the transaction.