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Seattle & Northwest  + Pacific Northwest  + Finance  | 

Berkadia Delivers $26M for Montana MF Development

Berkadia arranged more than $26 million in construction financing for the second phase of Icon Apartment Homes at Ferguson Farm, a garden-style multifamily property in Bozeman, MT. The 221(D)4 40-year construction loan, financed through HUD’s Green Program, features a 2.76% interest rate.

Located at 4555 Fallon St., the second phase of the project will include 120 residential units. The two-phased project, both financed via HUD’s 221(d)(4) program, will feature a clubhouse with an elevator, a fitness center, a game room with billiards tables, a golf simulator, a resort style pool and cabana, an outdoor fireplace and a library. Construction on the entire 336-unit project is set to be completed by April 2022.

Berkadia’s Jennifer Quigley secured the permanent construction financing on behalf of the borrower, Montana-based BlackRidge Companies. BlackRidge’s Will Ralph says, “This project will be an extension of the first phase of this development and will provide much needed, high-quality multifamily housing in the Bozeman market.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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