HOUSTON—Even during the downturn, lending continues forwell-located multifamily. In a recent example, loan proceeds fromacquisition financing will be used to undertake a full propertyrepositioning for the 211-unit Sunswept Townhomes.
Berkadia originated and Freddie Mac purchased the 10-yearfloating-rate loan with five years interest only. Senior managingdirector Mitch Sinberg of Berkadia's Boca Raton, FL office andmanaging director Brad Williamson of Berkadia's Miami officesecured the loan on behalf of One Real Estate Investment, a realestate investment and asset management firm based in Miami.
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