June 28, 2017

Berkadia secures $70M loan for luxury apartment building

Berkadia arranged $70.2 million in construction and permanent financing for the multifamily residential portion of the Wheeling Town Center, a mixed-use development in Wheeling. Paul Matusiak of Berkadia arranged the loan which closed on June 6. Berkadia secured the financing on behalf of the borrower, Illinois-based WTC Residential Development LLC. The first mortgage is both…