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Can Loan Originations Sustain Momentum in 2026?

by Lynn Peisner

By Joe Gose Lenders and mortgage bankers entered 2025 unsure how busy they would be. From President Trump’s seesawing tariff messages that ramped up market volatility to weak fundamentals in oversupplied Sun Belt markets, their misgivings were well-founded. A sluggish start to the year cast a shadow over whether the government sponsored agencies (GSEs) of Fannie Mae and Freddie Mac would hit their multifamily loan purchase caps of $73 billion each. But financings eventually gained momentum among the GSEs as well as life insurance companies, commercial mortgage-backed securities (CMBS) lenders …

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Kingston-McLean
BerkadiaInvestment SalesNewsNortheastVirginiaWashington, D.C.

Berkadia Arranges Sale of Kingston at McLean Crossing in D.C. Metro

by Lynn Peisner

MCLEAN, VA. — Berkadia has arranged the sale Kingston at McLean Crossing, a 319-unit property in McLean that was developed in 2018. JLL Income Property Trust and LCOR were the sellers. Pantzer Properties was the buyer. The deal closed on Jan. 30, at which time the asset was 96 percent occupied. Berkadia’s Brian Crivella, Yalda Ghamarian, Bill Gribbin and Jack Canepa of Berkadia DC Metro represented the sellers. Since the acquisition, Pantzer has rebranded the asset The Point at McLean. Located at 7480 Birdwood Ave., Kingston at McLean Crossing comprises …

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1900-Parmer-Austin
BerkadiaFinanceNewsTexas

Berkadia Arranges $47 Million Refinancing for 1900 Parmer in North Austin

by Lynn Peisner

AUSTIN, TEXAS — Berkadia has arranged a $47 million refinancing loan for Griffin Capital, the El Segundo, California-based owner of 1900 Parmer Apartments in Austin. MF1 Capital was the lender, and Berkadia’s team was led by Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Patrick Johnson. The property, located at 1900 E. Parmer Lane, was developed in 2024 and was 98 percent leased at the time of the loan closing. In addition to one- and two-bedroom units, 1900 Parmer features two pools with cabanas, a two-story fitness center with …

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Aurum-Fremont
BerkadiaCaliforniaDevelopmentFinanceNewsWestern

Berkadia Secures JV Partner for Bay Area Aurum Development

by Lynn Peisner

FREMONT, CALIF. — Berkadia has secured a joint venture equity partner for the final phase of development for Aurum, a 966-unit property adjacent to the Warm Springs BART station in Fremont. This final phase includes 336 units. Brett Betzler and Kaohu Berg-Hee of Berkadia’s Irvine and San Francisco offices brokered the deal. Aurum is located at 3300 Innovation Way and consists of a five-story, elevator-served building that features a structured parking garage, a fitness center, resort-style pool and approximately 4,900 square feet of ground-floor retail. Completion is expected in 2027.

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Fountain-Compass-Newport-News
BerkadiaInvestment SalesNewsSoutheastVirginia

D.C.-Based Joint Venture Acquires Compass at City Center in Newport News

by Lynn Peisner

NEWPORT NEWS, VA. — A joint venture between Washington, D.C.-based Penzance and McLean, Virginia-based Kettler has acquired the 396-unit Compass at City Center in Newport News. Drew White, Carter Wood and Cole Carns of Berkadia’s Richmond office arranged the sale on behalf of the sellers, C-III Capital Partners and Drucker & Falk. Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Natalie Hershey of Berkadia DC Metro arranged an acquisition loan on behalf of Penzance and Kettler. Located at 501-A Waters Edge Drive, Compass at City Center was built in …

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Luxor-Bala-Cynwyd
BerkadiaFinanceInvestment SalesNewsNortheastPennsylvania

Alliance Residential, PCCP Acquire Luxor Bala Cynwyd in Philadelphia

by Lynn Peisner

BALA CYNWYD — Alliance Residential of Scottsdale, Arizona, and Los Angeles-based PCCP have acquired Luxor Bala Cynwyd in the township of Bala Cynwyd 7 miles north of Philadelphia. Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Natalie Hershey of Berkadia DC Metro arranged a $37 million acquisition loan from ACRE Capital on behalf of the joint venture buyer. The 173-unit property was developed in 2021 by Westrum Development Co. (the seller) and includes studios and one- and two-bedroom floor plans and amenities such as a pool, fitness center, yoga …

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The-Element-Reno
BerkadiaInvestment SalesNevadaNewsWestern

Berkadia Arranges $41 Million Sale of The Element Apartments in Reno, Nevada

by Lynn Peisner

RENO, NEV. — Berkadia has arranged the $41 million sale of The Element, a 206-unit garden-style apartment community in Reno. The seller was a private Los Angeles-based owner, and the buyer’s identity was kept private. The property was developed between 1975 and 1977. The Element offers one- and two- bedroom floor plans. Amenities include laundry facilities, a pool, a fitness center, a dog park and a grilling and picnic area. Jared Glover of Berkadia Nevada represented the seller.

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Triton-Glen-Richmond
BerkadiaInvestment SalesNewsSoutheastVirginia

Silver Hills Sells Richmond, Virginia, Property for $65 Million

by Lynn Peisner

RICHMOND, VA. — Triton Glen, a newly developed 250-unit property in the Innsbrook submarket of Richmond, has traded for $65 million. Berkadia brokered the deal on behalf of the seller, Silver Hills, and arranged a $42 million Freddie Mac acquisition loan for the buyer, Charlottesville, Virginia-based Seminole Trail Management. Silver Hills developed the asset in 2024. Berkadia’s investment sales team was led by Drew White, Carter Wood and Cole Carns of Berkadia Richmond, while Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Mac Ritchie of Berkadia DC Metro arranged …

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Bonsai-Apartments-DC
BerkadiaFinanceNewsNortheastWashington, D.C.

Berkadia Arranges $9.5 Million Refinancing for July Residential’s Bonsai Apartments in D.C.

by Lynn Peisner

WASHINGTON, D.C. — Berkadia has arranged a $9.5 million refinancing loan for July Residential’s Bonsai Apartments, a newly constructed, 41-unit community in Washington, D.C.’s H Street corridor. The lender was Revere Capital, which provided a two-year floating-rate loan. Berkadia’s Mitch Sinberg, Matt Robbins, Scott Wadler and Brad Williamson of Berkadia Boca Raton and Miami, alongside Brian Gould of Berkadia D.C. Metro, arranged the financing. The transaction closed on Dec. 29. July Residential is headquartered in New York City with offices in Washington, D.C., and Boca Raton, Florida. The owner-operator’s portfolio …

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3100-3118-Patrick-Henry-Drive-Santa-Clara
BerkadiaCaliforniaDevelopmentInvestment SalesNewsWestern

Berkadia Arranges $12.5 Million Land Sale in Silicon Valley

by Lynn Peisner

SANTA CLARA, CALIF. — JEMCOR Development Partners and Scaled Projects acquired a 2.5-acre site in Santa Clara for $12.5 million on Dec. 18. Jason Parr and Scott MacDonald of Berkadia San Francisco arranged the sale. The site is adjacent to Levi’s Stadium, home of the San Francisco 49ers, and is zoned for high-density residential development within the city’s Patrick Henry Drive Specific Plan Area. The plan was adopted by the Santa Clara City Council in 2022 with the goal to redevelop a series of office parks, some developed in the …

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