Berkadia Safeguards $20M Refinancing for Montgomery MF Property

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Berkadia has actually prepared a $19.7 million financing to re-finance The Morgan at EastChase, a garden-style multifamily neighborhood in Montgomery, AL.

. Situated at 2101 Berryhill Road, the area features one-, two- and also three-bedroom floor strategies with granite piece kitchen area countertops, exquisite kitchens, in-unit full-sized washers as well as dryers, marble restroom counters, huge walk-in closets and walk-in showers. Area services consist of a 24-hour physical fitness center, hotel style swimming pool, dog park, cars and truck laundry area, playground, covered seating area and controlled access gateways.

Jennifer Quigley of Berkadia’s Denver workplace finished the $19.7 million financing in behalf of the borrower, Alabama-based Foshee Residential Management Co. The 40-year HUD 223(a)7 lending features a 2.34% rate of interest. The deal closed January 26.

Get in touch with Berkadia’s Quigley

Attach With Foshee Residential Management Co.

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