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Atlanta & Southeast  + Southeast  + Finance  |  January 27, 2020
David Cohen
By: David Cohen

Berkadia Secures $26M Acquisition Loan for Greensboro MF Community

Berkadia has secured a $25.7 million acquisition loan for Waterford Place, a 240-unit multifamily community in Greensboro.

Built in 1997, the community is located at 101 Shore Lake Dr. Units include dishwashers, disposals, ranges, washer/dryers and internet access. The pet-friendly community features storage space, a clubhouse, putting green, nature trails, recreation area on Lake Jeanette, a fitness center, swimming pool and playground.

Mitch Sinberg, Matthew Robbins and Abigail Beauchamp of Berkadia’s Boca Raton office secured the financing on behalf of a joint venture between New York-based GMF Capital and New Jersey-based real estate investment firm Eminent Capital. Berkadia originated and Freddie Mac purchased the 10-year, fixed rate loan with five years of interest-only payments.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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