BETHESDA, MD – Berkeley Point Capital LLC recently provided $64,350,000 in combined financing for the refinance of an urban in-fill apartment community located in Denver, CO built in two phases – a 266-unit high-rise, Class-A, apartment community constructed in 2004 (Phase I) and a 134-unit mid-rise, Class-A, apartment community constructed in 2012 (Phase II).
The loans were originated under the Fannie Mae Delegated Underwriting and Servicing (DUS®) program. The loans were structured in order to allow the sponsor the requested flexibility.
The sponsor is a joint venture between a privately held, globally diversified, and fully integrated real estate organization located in Boston, MA, and a public pension fund. The joint venture focuses its investments in institutional core multifamily real estate.
“We are pleased to once again partner with this sponsor to help meet their investment strategy needs.” said Stephan Gianoplus, a Managing Director in Berkeley Point Capital’s Bethesda office. “We were able to work with our partners at Fannie Mae to create and close a financing solution that addressed the sponsor’s structural needs.”
For further information contact:
Janelle Cooper, Marketing & Communications
301-347-4823 | janelle.cooper@berkpoint.com
about berkeley point capital
Berkeley Point Capital LLC is one of the nation’s leading providers of multifamily capital solutions. The firm boasts a 25+ year history and a servicing portfolio of over $28 billion representing in excess of 2,100 loans in 45 states and the District of Columbia. This extensive and diverse national platform allows us to provide our clients with superior execution in every market in the country.
Berkeley Point is owned by entities affiliated with Ranieri Real Estate Partners LP and WL Ross & Co. LLC. As part of its multifamily expertise, the firm offers the full complement of Fannie Mae, Freddie Mac, FHA, and Life Company products as well as a proprietary bridge program.
Focusing on a three-pronged strategy of exceptional people, unique multifamily capital solutions and superior technology, our team of nearly 200 people located in ten offices across the nation provides our customers a competitive advantage through speed, creativity, ease of interface and certainty of execution.
For more information on Berkeley Point Capital, please visit our website at www.berkpoint.com