Capmark Finance Inc. senior vice president and Boston branchmanager Scott Dow says there had been some concern over the loanbecause Hurricane Ike roared through the area during the duediligence period. "Freddie usually requires property inspections inthat type of situation, but that was already happening so thetiming worked out all right," Dow tells GlobeSt.com. "It was just amatter of updating the paperwork."

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Built in 1983, the class B complex at 2215 Avenida La Quinta St.on the city's west side weathered the storm in fairly good shape."We lucked out because there was only minor hurricane damage," saysDow, who arranged the financing.

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Dow says Berkshire is repairing the storm-related damage, butisn't planning any major overhaul of the complex with any of thenew capital. "This is a well-maintained property," he says."They've done a good job of keeping it up."

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The 27-building Briarwood Village Apartments is situated on 13.6acres, with a mix of one- and two-bedroom units from 702 squarefeet to 975 square feet. Rents are $639 to $939 per month.Occupancy hovers 95%.

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