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Publix Hotel Building to be Redeveloped as Multifamily Property
Financing is now in place for the redevelopment of a Seattle multifamily property as Berkadia recently announced that it has provided construction funding for the Publix Apartments. The financing provider, a joint venture of Berkshire Hathaway and Leucadia National Corporation, worked on behalf of Publix, LLC to secure around $26 million. The company is converting a former hotel into a market-rate housing community in the Seattle’s Historic International District. The financing was arranged by Vice President Rob Affleck of Berkadia’s Camas, Washington office.
Berkadia Taps Wheeler as New CEO
Newly appointed CEO of Berkadia Commercial Mortgage Justin Wheeler shares his 2015 market outlook with CPE.
Change Agent: Confident & Congenial, Hugh Frater Re-Energizes Berkadia Commercial Mortgage
Known for his upbeat, approachable manner as well as for his 25 years in finance, Hugh Frater has brought welcome changes to Berkadia Commercial Mortgage, including a proprietary lending business, an expansion of the company’s own stable of lenders and a retooling of the executive team.
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