{"id":1004109787,"date":"2014-12-18T13:12:37","date_gmt":"2014-12-18T21:12:37","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=314813"},"modified":"2022-12-08T16:31:57","modified_gmt":"2022-12-09T00:31:57","slug":"berkadia-secures-40-3m-in-financing-for-houston-southwest-fort-worth-acquisitions-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/berkadia-secures-40-3m-in-financing-for-houston-southwest-fort-worth-acquisitions-2\/","title":{"rendered":"Berkadia Secures $40.3M in Financing for Houston, Southwest Fort Worth Acquisitions"},"content":{"rendered":"

By Liviu Oltean, Associate Editor<\/em><\/p>\n

\"\"<\/a><\/p>\n

Thornbury Apartments in Houston<\/p>\n<\/div>\n

The Austin office of Berkadia recently announced that it has helped secure a total of $40.3 million in financing for the acquisition of Thornbury Apartments in Houston and The Retreat at River Ranch Apartments in Southwest Fort Worth.<\/p>\n

Berkadia Senior Vice President Andy Hill operated on behalf of borrowers AHC Thornbury Owner LLC and Mosaic Hillstone LP and helped obtain the following seven-year, floating-rate loans through Freddie Mac:<\/p>\n

    \n
  • A $29 million loan on behalf of AHC Thornbury Owner for the acquisition of Thornbury, which includes a sub-2.5 percent interest rate, three years of interest-only payments and a 30-year amortization schedule.<\/li>\n
  • An $11.3 million loan on behalf of Mosaic Hillstone for The Retreat at River Ranch Apartments that features a sub-2.5 percent interest rate, two years of interest-only payments and a 30-year amortization schedule.<\/li>\n<\/ul>\n

    Located at 7055 Hollister Road, Thornbury Apartments comprises 408 one-, two- and three-bedroom apartments. Residential amenities include a clubhouse, a fitness center, a basketball court, a resort-style pool and attached and detached garages. At the time of the acquisition, the apartment complex was 96 percent leased.<\/p>\n

    Located near the Chisholm Trail Parkway at Interstate 20 in Southwest Fort Worth, The Retreat at River Ranch Apartments consists of 248 one- and two-bedroom units. Residents can enjoy amenities such as a fitness center, a picnic area, a spa and a swimming pool. At the time of the closing, the asset was 94 percent leased.<\/p>\n

    \u201cWe are seeing a continued appetite for multifamily properties in Texas as we approach year end,\u201d Hill said in an official statement. \u201cOur team leveraged its longstanding relationship with Freddie Mac and on-the-ground market expertise to meet the borrowers\u2019 needs and secure competitive loan terms.\u201d<\/p>\n

    Image courtesy of Berkadia\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

    The Austin office of Berkadia recently announced that it has helped secure a total of $40.3 million in financing for the acquisition of Thornbury Apartments in Houston and for The Retreat at River Ranch Apartments in Southwest Fort Worth.<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21742],"tags":[],"class_list":["post-1004109787","post","type-post","status-publish","format-standard","hentry","category-houston","category-latest"],"acf":[],"yoast_head":"\nBerkadia Secures $40.3M in Financing for Houston, Southwest Fort Worth Acquisitions - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/berkadia-secures-40-3m-in-financing-for-houston-southwest-fort-worth-acquisitions-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Berkadia Secures $40.3M in Financing for Houston, Southwest Fort Worth Acquisitions\" \/>\n<meta property=\"og:description\" content=\"The Austin office of Berkadia recently announced that it has helped secure a total of $40.3 million in financing for the acquisition of Thornbury Apartments in Houston and for The Retreat at River Ranch Apartments in Southwest Fort Worth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/berkadia-secures-40-3m-in-financing-for-houston-southwest-fort-worth-acquisitions-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-12-18T21:12:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:31:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/Thornbury.jpeg\" \/>\n<meta name=\"author\" content=\"Liviu Oltean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-secures-40-3m-in-financing-for-houston-southwest-fort-worth-acquisitions-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-secures-40-3m-in-financing-for-houston-southwest-fort-worth-acquisitions-2\\\/\"},\"author\":{\"name\":\"Liviu Oltean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a12696609e74785a9cb5f8f7eae8bbd0\"},\"headline\":\"Berkadia Secures $40.3M in Financing for Houston, Southwest Fort Worth Acquisitions\",\"datePublished\":\"2014-12-18T21:12:37+00:00\",\"dateModified\":\"2022-12-09T00:31:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-secures-40-3m-in-financing-for-houston-southwest-fort-worth-acquisitions-2\\\/\"},\"wordCount\":295,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-secures-40-3m-in-financing-for-houston-southwest-fort-worth-acquisitions-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/12\\\/Thornbury.jpeg\",\"articleSection\":[\"Houston\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-secures-40-3m-in-financing-for-houston-southwest-fort-worth-acquisitions-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-secures-40-3m-in-financing-for-houston-southwest-fort-worth-acquisitions-2\\\/\",\"name\":\"Berkadia Secures $40.3M in Financing for Houston, Southwest Fort Worth Acquisitions - 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