town name, state name
Other
9 Days Ago

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Reporter: Connectcre

 $21.5M Loan for Tacoma Apartments Secured by Berkadia

Share your feelings about this article

Marvellous Icon Interaction animation marvellous Image

Marvellous00

Article Interaction Bullseye Image Interaction Animation Bullseye Image

Right on00

Article Interaction Good Image interaction animation good

Good00


A A+ A++ A+++
Berkadia has secured a $21.5 million loan for the acquisition of The Duo Apartments, a 104-unit multifamily community in University Place, Washington. The loan was arranged by Berkadia Seattle and Berkadia Miami on behalf of a private investor who paid $30.46 million for the property. The lender, Bayview, provided a five-year fixed-rate loan with flexible prepayment terms. Despite market volatility and the ongoing lease-up process, Berkadia was able to secure a non-recourse loan that reduced the sponsor's interest rate risk. The Duo Apartments were built in 2023 and offer studio, one-bedroom, and two-bedroom floor plans.

Go to original article source

Related : Kids need to go back to school

Reporter

Tacoma, WA

1

Articles

0

Followers

0

Views

Overall Article Rating:
0.0
View Article Ratings
Contributions (0)
Add Contribution+2 pts.

A contribution is an additional perspective to the primary article. You may add your contribution to the article and it will be featured below the primary article. Each contribution will follow the article in order of date added.

Comment (0) Details Min. 25 characters required | (500 characters limit) This is the exciting part of article , add your valuable comment.
Add Comment+1 pt.
town name, state name