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Berkadia Secures $28M for Three Apt. Loans

SOUTH ORANGE, NJ-Freddie Mac loans are arranged to refinance and reduce debt for buildings in South Orange, West New York and Syracuse, NY.

By Antoinette Martin | Updated on January 15, 2013

SOUTH ORANGE, NJ- Berkadia Commercial Mortgage has completed three deals totaling $27.75 million to finance apartment properties, two of them in northern New Jersey and one in New York.

Berkadia’s John Motzel arranged a $10.4 million Freddie Mac loan for The Ridgewood Commons, an art deco apartment building in South Orange. A prior loan encumbered an additional commercial property, which was released with the new 10-year, fixed-rate financing.

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