FORT WORTH-Daymark Realty Advisors Inc., ownerof the 273-unit Enclave on Golden Triangle obtained a $22.49million loan through the Fort Worth Housing and UrbanDevelopment (HUD) Multifamily Center's 223(f) program. The 35-year, fixed-rate loan is being used to cover existingdebt for the five-year-old multifamily property.

"The borrower had a quickly approaching maturity date, whichallowed Berkadia to use a proprietary bridge loan to the borrower'sadvantage, allowing for permanent takeout," says BerkadiaCommercial Mortgage LLC senior vice presidentSteve Mentesana. Mentesana and Berkadia seniorvice president John Koeijmans worked with theSanta Ana, CA-based borrower on the loan for the multifamilyproperty at 5001 Golden Triangle Blvd.

The loan has a loan-to-value ratio of 83.3% with a 35-yearamortization. Mentesana tells GlobeSt.com, through email, that theborrower acquired Enclave in 2008 and the multifamily property is96% occupied. "This is a great property that has a beautifulsetting, great amenities, strong management and a booming submarketlocation in north Fort Worth," he adds.

ACQUISITIONS/DISPOSITIONS