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Berkadia Secures $72M for Walnut Creek MF
Berkadia secured $72.19 million in financing for The Retreat Apartment Homes, a multifamily property in Walnut Creek, CA. The 10-year fixed-rate loan features a 3.75% interest rate, a 60% loan-to-value ratio and full-term interest only.
Berkadia’s Allan Freedman secured the permanent refinancing through Freddie Mac, on behalf of The Ezralow Company and Capital Valley Investments.
“We worked closely with Freddie Mac to deliver a loan to the sponsor which allowed them to refinance the existing first, second and third loans with significant cash out and a waiver of existing prepayment penalties,” said Freedman.
The Retreat is located at 1459 Creekside Dr. and features studio, one and two-bedroom floorplans with granite countertops, stainless steel appliances, patios and balconies and washers and dryers. The community also includes a clubhouse, a fully equipped fitness center, a heated pool and a barbeque and picnic area.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing




