Berkadia Secures $41M in Refinancing for 381-Unit Apartment Property in Fort Worth

Mansions at Timberland in Fort Worth totals 381 units.

FORT WORTH, TEXAS — Berkadia has secured a $41 million loan for the refinancing of Mansions at Timberland, a 381-unit multifamily property located at 11401 N. Riverside Drive in Fort Worth. The property features a mix of one- and two-bedroom units and amenities such as a saltwater pool, outdoor grilling areas, business center and a fitness center. Stewart Campbell of Berkadia secured the Fannie Mae loan, which features a 75 percent loan-to-value (LTV) ratio and a 30-year amortization schedule, on behalf of the borrower, Mansions at Timberland LP.

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