AUSTIN, TX-Berkadia Commercial Mortgage has closed an interimfinancing worth $9.9 million for Mosaic Residential Inc. topurchase and refurbish the Bristol Square Apartments, a 336-unitapartment complex located on Douglas Street in Austin. The Austindeal was part of the sale of a 15-property portfolio for a totalprice of over $157 million.

The other assets are located in Beaumont, Texarkana, PleasantGrove, Temple and Marlandwood. The renovations include common-areaimprovements and interior upgrades. For the full story, go toAustin Business Journal . News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

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