Berkadia
OH Retail Development Receives $19M Construction Financing
The three-year, interest-only loan secured by Berkadia represents 73 percent loan-to-cost and was closed with 50 percent of the retail space pre-leased.
Berkadia Acquires CPCP, Launches Structured Capital Group
Central Park Capital Partners, led by Noam Franklin, has diverse domestic and international finance relationships and is part of Berkadia’s strategy of becoming a one-stop shop.
FCP Relocates MD HQ
The company will occupy 13,914 square feet in JBG Smith’s Chase Tower in Chevy Chase, Md., alongside Berkadia, Alliance Partners and Spaces.
Berkadia Finances Cleveland US Bank Center
The $33.2 million loan features a 10-year fixed rate and a 67 percent loan-to-value ratio and was secured on behalf of The Wolstein Group.
Will Lending Plateau in 2019?
During the past few years, lenders charted record-high activity across property types and markets. But escalating asset prices, rising interest rates and regulatory shifts may force adjustments in 2019.
Cleveland Office Tower Receives $100M Refi
Located in the waterfront district of the city, the 23-story Ernst & Young Office Tower features 465,000 square feet of leasable space.
Berkadia Secures $112M Loan for DC Portfolio
The company arranged construction financing for developer Foulger-Pratt for a self storage property in the NoMa neighborhood and a mixed-use development near Capitol Hill.
Berkadia Secures $45M Loan for CT Portfolio
The firm worked on behalf of Delaware Commerce to arrange the permanent refinancing of a collection of 17 industrial and warehouse buildings in Danbury.
Atlanta Airport Hotel Changes Hands
Alex Brown Realty sold the DoubleTree by Hilton property to a joint venture led by Hersha Hospitality Management for more than $23 million.
Berkadia Secures $13M Refi for Miami Beach Hotel
The brokerage team represented borrower Eidico, an Argentinean real estate developer specializing in hospitality, which acquired The Lord Balfour Hotel roughly eight years ago.