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Washington DC & Mid-Atlantic  + Apartments  |  February 4, 2021
David Cohen
By: David Cohen

Berkadia Secures $54M Refinancing for Richmond MXU Property

Berkadia has secured a $54 million loan to refinance Scott’s View, a multifamily mixed-use property in Richmond.

Located at 3410 W Clay St., the community features one- and two-bedroom floor plans with in-unit washers and dryers. Amenities include a fitness center, swimming pool, laundry facility and an outdoor area with grilling stations.

John Reed of Berkadia’s Richmond office secured the financing on behalf of the borrower, Virginia-based Historic Housing LLC. The 15-year Fannie Mae loan features seven years of interest-only payments  followed by a 30-year amortization, a 75 percent loan-to-value ratio and a 3.33 percent interest rate.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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