Berkadia Arranges Sale and Financing for Houston Multifamily Community

The financing allowed a partnership of Trinnium Equity and Starboard Equity to pay for the acquisition, the 202-unit Creekside Villas of Clear Lake. The seller was ClearWorth Capital. Berkadia’s Joey Rippel touted the sale, “Creekside Villas at Clear Lake is in one of Houston’s best located suburbs with a healthy local economy, top rated schools and an affluent demographic which supports consistent demand for workforce housing.”

Creekside Villa’s amenities include a cybercafe and resident lounge with a coffee bar, a pool with a waterfall, a clothes care center on site and controlled access. It’s within miles of NASA’s Johnson’s Space Center, the Boeing Campus and the Ellington Airport.