Sunswept Townhomes features 211 one-, two- and three-bedroom floorplans.
HOUSTON—Even during the downturn, lending continues for well-located multifamily. In a recent example, loan proceeds from acquisition financing will be used to undertake a full property repositioning for the 211-unit Sunswept Townhomes.
Berkadia originated and Freddie Mac purchased the 10-year floating-rate loan with five years interest only. Senior managing director Mitch Sinberg of Berkadia's Boca Raton, FL office and managing director Brad Williamson of Berkadia's Miami office secured the loan on behalf of One Real Estate Investment, a real estate investment and asset management firm based in Miami.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
