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Berkadia Arranges $13M Refi for Riverside, AL Apartments
Berkadia has arranged refinancing for RiverHouse Apartments, a 144-unit, garden-style multifamily property in Riverside, AL. Managing Director Tom Genetti of Berkadia Atlanta secured $13 million in refinance proceeds through Fannie Mae on behalf of the owner, Birmingham-based The Oakley Group. The deal closed on June 27.
“The Oakley Group killed it with their renovation at RiverHouse, which sits along Lake Logan Martin,” said Genetti. “We enjoyed helping them capitalize on all their hard work and improvements they made since they acquired the property in 2021. They deserved to return some capital back to their investors from the tremendous job they did here.”
Located at 300 Riverhouse Loop, the property affords convenient access to Lake Logan Martin, a reservoir on the Coosa River. RiverHouse was built in 1981, and offers lakeside access from newly refurbished one-, two-, and three-bedroom apartments. Community amenities include a fishing pier, pool and playground.
- ◦Financing

