BERKADIA ORIGINATES $28M FOR PROPERTIES IN TENNESSEE, MISSISSIPPI

KNOXVILLE, TENN. AND JACKSON, MISS. — The New York office of Berkadia Commercial Mortgage LLC has originated two loans totaling $28.8 million for a student housing property in Knoxville and a multifamily property in Jackson. Yuri Kletsman of Berkadia secured the loans through Berkadia's Fannie Mae program. Kletsman arranged a 10-year, $15.3 million refinance loan for The Tower at Morgan Hill in Knoxville on behalf of the borrower, Vols Equities LLC. The 340-bed community is located at 2521 Kingston Pike and features a movie theater, fitness studio and computer and recreation rooms. The property was 93 percent occupied at the time of sale. Kletsman also arranged a seven-year, $13.5 million acquisition loan for The Park at Moss Creek, located at 5000 Ridgewood Road in Jackson on behalf of the borrower, KBS Moss Creek LLC. The property was 95 percent occupied at the time of sale.