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Home Industry News Berkadia Secures $255MM in Financing for 1,306-Unit Multifamily Property in Newport Beach
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Berkadia Secures $255MM in Financing for 1,306-Unit Multifamily Property in Newport Beach

July 7, 20211 Mins read393
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SAN FRANCISCO –– Berkadia today announced the placement of financing for Park Newport, a 1,306-unit garden-style multifamily property in Newport Beach, California.  Managing Director Andy Ahlers of Berkadia San Francisco secured the $255 million in permanent refinancing on behalf of the borrower, Park Newport LP. The deal closed on July 1. The long-term fixed-rate loan […]

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