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Berkadia has arranged refinancing for RiverHouse Apartments, a 144-unit, garden-style multifamily property in Riverside, AL

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. 

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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