Anatole-on-Briarwood-Midland-Texas

Berkadia Provides $21.7M Freddie Mac Acquisition Loan for Apartment Community in Midland

by Taylor Williams

MIDLAND, TEXAS — Berkadia has provided a $21.7 million Freddie Mac acquisition loan for Anatole on Briarwood, a 250-unit apartment community in Midland. Built in 2014, the property features one-, two- and three-bedroom units and amenities such as a pool, fitness center, business center, coffee bar and TV lounge. Tucker Knight and Nicholas Murphy of Berkadia arranged the loan, which includes a fixed interest rate and five years of interest-only payments, on behalf of the buyer, Fort Worth-based Olympus Property. The seller was not disclosed.

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