Berkeley Point Capital Partners with NGKF and ARA Newmark to Deliver Brexit-Influenced Loan
July 13, 2016
Bethesda, MD – In partnership with its sister companies, NGKF and ARA Newmark, Berkeley Point Capital delivered a $29.5M Fannie Mae acquisition loan for a 348-unit Florida community on July 13, 2016. England’s June 23, 2016 Brexit vote and the subsequent drop in treasuries offered Berkeley Point and its partners a last minute opportunity to convert the original loan’s structure from a floating rate to a fixed rate execution.
“Working in tandem with my partners, Matt Williams, of NGKF Tampa, and Patrick DuFour, of ARA Newmark Tampa, Berkeley Point was able to provide an excellent loan to a first time entrant to the Tampa MSA,” said Brian Kochan, Director of Berkeley Point Capital.
Purchased by Valhalla Holdings, The Enclave At Tranquility Lake is located in Riverview, a suburb of Tampa, Florida. This six-year-old community consists of 16 garden style buildings ranging from two to four stories plus a residential clubhouse. Four buildings have elevator access, a unique feature in this particular market. Surface parking and separately leased detached garages complete the community.
for further information contact:
business: Corey Debnam Cooper, Managing Director
617.722.5057 | Corey.Debnam-Cooper@berkpoint.com
media: Stacey Link, Marketing
617.722.5015 | email@example.com
about berkeley point capital
Berkeley Point Capital LLC is one of the nation’s leading providers of multifamily capital solutions. The Firm boasts a 29+ year history and a servicing portfolio of $52 billion representing in excess of 2,900 loans in 47 states and the District of Columbia. As part of our multifamily, seniors housing and healthcare expertise, Berkeley Point offers the full complement of Fannie Mae, Freddie Mac, FHA, Life Company and Conduit products, as well as a proprietary bridge program. The Firm has a team of 300+ professionals nationwide. This extensive and diverse national platform allows us to provide our clients with superior execution in every market across the country.