Berkeley Point Capital Provides $250M+ in Acquisition Financing for Starwood Capital Group
April 07, 2017
Bethesda, MD – Berkeley Point Capital recently provided Starwood Capital Group with $250+ million in acquisition financing for the purchase of an 11-property multifamily portfolio, acquired from Holland Partners. Berkeley Point Capital utilized Freddie Mac’s ARM product, providing 10-year floating rate financing for the portfolio.
The 11-property portfolio, built between 1985 and 2002, contains 2,136 units, located in Washington, Oregon, Colorado and Arizona. Due to affordability of rents, 25% of the loan balance qualified as affordable and exempt from Freddie Mac’s production cap.
Charlie Haggard and Kevin Mignogna, both Managing Directors at Berkeley Point Capital, led the financing for Berkeley Point out of the Irvine, CA office. Charlie and Kevin have worked extensively with Starwood over the past few years as the company has grown into one of the country’s largest multifamily owners.
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 | firstname.lastname@example.org
about berkeley point capital
Berkeley Point Capital LLC is one of the nation’s leading providers of multifamily capital solutions. The Firm boasts a 30 year history and a servicing portfolio of $55 billion representing in excess of 3,600 loans in 49 states. A top five Fannie Mae and Freddie Mac Lender, Berkeley Point offers a full complement of GSE, FHA, Life Company and Conduit products. Together with its parent firm, CCRE – a fully integrated commercial real estate finance company, they are the country’s largest non-bank platform.