NEW YORK – Following a recent transaction, Berkadia's HUD-specialized team has surpassed $3 billion in total HUD-sponsored production in 2020, to-date.
Berkadia secured the amount in HUD financing upon recently closing on $83.7 million for a garden-style multifamily property, on behalf of California-based, Tomanek Group LLC. Tomanek Group LLC will use the HUD 223(F) loan to refinance its property. The loan features a competitive fixed interest rate and an 80% loan-to-value ratio.
With the recent financing, Berkadia is on track to have its strongest year yet.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
