DALLAS--The Dallas office of Berkadia Commercial Mortgage LLC (Berkadia) recently arranged $55 million for the construction of Discovery at the Realm, a multifamily community that will be located in Lewisville.

Senior vice president Joseph N. Hevey worked with borrower Bright Realty to secure the three-year, interest-only financing through lead lender Mutual of Omaha Bank, who provided $43 million in senior debt; Great Southern Bank of Springfield, Mo., who participated in the construction loan; and Cornerstone Real Estate Advisers LLC, who provided $12 million in mezzanine debt.

“The Discovery at the Realm embodies all of the attributes of a successful project – financially capable and experienced sponsors, a highly-visible location in a booming submarket and a carefully planned, well-thought-out design” Hevey told GlobeSt.com. “This property is the first phase of many, and the Bright family plans to retain long-term, legacy ownership for many years to come.”