Home Berkeley Point

Berkeley Point

Berkeley Point Capital has provided a $211.9 million refinancing on a 9-property portfolio to Steadfast Companies and its Steadfast Income REIT. The national lender of agency and non-agency multifamily loans provided the seven year, floating-rate loan through Freddie Mac.
Berkeley Point Capital has reportedly provided a $70 million Fannie Mae acquisition loan on a total of two apartment buildings in Portland, Maine.
Berkeley Point Capital has provided $34.2m in agency debt financing to TruAmerica Multifamily and an investment group for the purchase of Trevi, a 290-unit community in Chandler, Arizona.
As part of a deal that’s being hailed as Southern California’s largest multifamily asset purchase in nearly two decades, Berkeley Point Capital has provided TruAmerica Multifamily and a group of investors with a $354m FannieMae credit facility to purchase a 14-property portfolio. The mix of fixed and floating rate loans within the facility carry a blended interest rate of 2.59%. FannieMae credit facilities use a single pool of cross-collateralized and cross-defaulted mortgages as collateral for both long-term financing and short-term borrowing.

Copyright PEI Media

Not for publication, email or dissemination