REBusinessOnline

BERKADIA PROVIDES $56.5M FOR ACQUISITION OF APARTMENTS IN AUSTIN

AUSTIN — Berkadia Commercial Mortgage LLC has arranged a $56.5 million loan through Fannie Mae for the acquisition of the Retreat at Barton Creek in Austin. Jackson Cloak worked with the principals of the borrowing entity to originate the 10-year, fixed-rate financing. Additional loan terms include three years of interest-only payments and a 30-year amortization schedule. The complex is 97 percent occupied. A partnership of investors with Paydar Cos. and Lankford & Associates purchased The Retreat at Barton Creek. The property is located at 3816 S. Lamar Blvd. and sits on 30 acres along the Barton Springs Greenbelt. The 600 apartments comprise a total rentable space of 426,000 square feet. Amenities include a pool and spa, sundeck, clubhouse and gym.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Request media kit

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties