AUSTIN-Berkadia Commercial Mortgage LLC's local office closed a portfolio of loans totaling $56.6 million on multifamily properties in the metro Houston and San Antonio areas. Brant Smith, senior vice president and Austin branch manager, worked with borrower Concierge Asset Management to secure the loans through Berkadia's Freddie Mac program. The portfolio includes the following loans.

Houston

• A $20 million loan for the 656-unit Aberdeen Apartments, 3400 Woodchase Dr. The seven-year floating-rate loan has a 3.12% current interest rate with a 30-year amortization. Aberdeen Apartments is 92% occupied.

Universal City

• A $12 million refinance at a 2.79% interest rate on the 333-unit Sable Ridge Apartments, 330 Kitty Hawk Road. The seven-year loan carries a 2.79% interest rate.
• A $14.5 million refinance for the 208-unit Sunrise Canyon Apartments, 502 Sunrise Canyon Dr. The 10-year, fixed-rate loan has a 4% interest rate and 30-year amortization.

Webster

• A $9.5 million loan for the 324-unit El Dorado Ranch Apartments, 265 El Dorado Blvd. The 10-year, fixed-rate loan has a 75% loan-to-value ratio and a 30-year amortization.