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Posted: April 12, 2010
Berkadia Commercial originates two loans totaling $24.095 million
Berkadia Commercial Mortgage LLC originated two permanent, fixed-rate loans totaling $24.095 million for multifamily properties. The 35-year, fully amortizing loans each had an interest rate of 4.63%. Westside Crest Apartments was financed for $7.135 million, and Fawn Ridge Apartments was financed for $16.96 million.
John Oharenko, Tom Sigrist, Paul Matusiak and Laura Cathlina of Berkadia's Chicago office originated the loans through the company's FHA/HUD program. The borrowers—first-time FHA/HUD borrowers—were Westside Crest Limited Partnership and Fawn Ridge Apartments Limited Partnership.
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