A construction loan of $35 million has been arranged for a multifamily development. This project is the final phase of a larger community that will have 374 apartment homes when completed. The development will have 162 units and eight stories.

The loan was arranged by a team from Berkadia, including several senior directors and a vice president. They worked on behalf of the developer to secure the financing. Construction is expected to start soon and finish in early 2028.

Further details about the project and its financing are available from the source.