Ron Steffenino Joins Berkeley Point Capital as Senior Managing Director

Posted On: October 27, 2016

Berkeley Point Capital is pleased to announce the addition of Ron Steffenino as Senior Managing Director - Servicing, Asset Management and Special Asset Management (Loss Mitigation). In this pivotal role, he will manage a rapidly growing servicing portfolio of $53B, representing over 2,900 loans in 49 states. Steffenino brings over 28 years of experience in the commercial real estate industry. Berkeley Point will leverage his extensive expertise to lead the firm’s efforts in expanding its Servicing and Asset Management platform.
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Berkeley Point Capital and ARA Newmark Join to Close $211.9MM Refinance Loan

Posted On: August 3, 2016

Berkeley Point Capital recently teamed up with ARA Newmark to refinance a 9 property, multifamily portfolio containing 2,106 units for longtime client Steadfast Companies and Steadfast Income REIT, Inc., one of the Company’s public, non-listed REITs. The financing totaled $211.9MM and consisted of 7-year floating rate debt from Freddie Mac. Charlie Haggard, Managing Director at Berkeley Point Capital and Matt Greer, Senior Managing Director at ARA who was formerly with Berkadia, led the financing for Berkeley Point out of the Irvine, CA office. ARA, a Newmark Company, and Berkeley Point Capital are now aligned via common ownership within the Cantor Fitzgerald companies. Both Charlie and Matt have worked extensively with Steadfast over the past several years as the company has grown its multifamily portfolio.
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Berkeley Point Capital Provides $3.5M Fannie Mae Affordable Workforce Rental Housing Financing

Posted On: July 20, 2016

Berkeley Point Capital recently closed a $3.5 million refinance loan for the Affordable Workforce Rental Housing community, Cherry Park Apartments, located in Grand Island, NE. The Fannie Mae loan closed on June 22 with 75% LTV and a 10-year term.
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Berkeley Point Capital Provides $32.9M FHA 221(d)(4) and 4% LIHTC Loan

Posted On: July 14, 2016

Berkeley Point Capital recently closed a $32.9 million Low Income Housing Tax Credit Loan (LIHTC) for the phase 1 construction of the Las Cortes Apartment Community in Oxnard, CA. The 144-unit community will replace obsolete public housing and incorporate Project-Based Section 8 Vouchers on 142 of the 144 units to maintain the community’s affordable housing supply. The loan closed on June 29, 2016.
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Berkeley Point Capital Partners with NGKF and ARA Newmark to Deliver Brexit-Influenced Loan

Posted On: July 13, 2016

Berkeley Point Capital recently teamed up with ARA Newmark to refinance a 9 property, multifamily portfolio containing 2,106 units for longtime client Steadfast Companies and Steadfast Income REIT, Inc., one of the Company’s public, non-listed REITs. The financing totaled $211.9MM and consisted of 7-year floating rate debt from Freddie Mac. Charlie Haggard, Managing Director at Berkeley Point Capital and Matt Greer, Senior Managing Director at ARA who was formerly with Berkadia, led the financing for Berkeley Point out of the Irvine, CA office. ARA, a Newmark Company, and Berkeley Point Capital are now aligned via common ownership within the Cantor Fitzgerald companies. Both Charlie and Matt have worked extensively with Steadfast over the past several years as the company has grown its multifamily portfolio.
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Berkeley Point and Freddie Mac Partner to Preserve 100+ Affordable Housing Units

Posted On: June 8, 2016

Berkeley Point Capital LLC recently closed a $20 million financing package using Freddie Mac’s Direct Purchase of Tax-Exempt Loans (TEL) program for the Positano Apartments, an affordable apartment community located in Goleta, California. The financing package was secured on behalf of the Housing Authority of the County of Santa Barbara (HACSB) and closed on May 3, 2016.
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Berkeley Point Capital Closes $3.1M Memory Care Community Loan

Posted On: March 30, 2016

Berkeley Point Capital recently closed a $3.1M supplemental loan for the 48 unit, Class-A Washington Gardens Memory Care seniors housing community in Tigard, OR. Secured through Freddie Mac’s supplemental loan program on behalf of Frontier Management, LLC, the loan will be used to recycle capital to the owners for strategic growth and property improvements. It closed on March 3, 2016.
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Berkeley Point Capital Closes $106.35M Credit Facility

Posted On: February 24, 2016

Berkeley Point Capital has closed a $106.35M Fannie Mae credit facility for a partnership between Veritas Investments of San Francisco and Ivanhoé Cambridge of Montreal. The facility is composed of fixed and floating rate tranches, providing the borrower with prepayment flexibility while limiting interest rate exposure. It closed on December 11, 2015.
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Berkeley Point Capital Closes $1.41 Billion Freddie Mac Financing on 25 Property Portfolio

Posted On: February 23, 2016

Berkeley Point Capital recently closed $1.41 billion in Freddie Mac acquisition loans for a 25 property, 5 state portfolio on behalf of long-time Berkeley Point Capital client, Starwood Capital Group. The 10-year, floating rate loans include a 5-year interest only period with a 30-year amortization. All closed on January, 26, 2016
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Berkeley Point Capital Closes $15M Seniors Housing Refinance Loan

Posted On: February 10, 2016

Berkeley Point Capital recently closed a $15 million refinance loan for the 231 unit 10 Wilmington Place seniors housing complex located in Dayton, OH. The 20-year Freddie Mac fixed rate loan with added flexibility through a yield maintenance structure of 7 years. The loan closed on December 30, 2015.
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Berkeley Point Capital Provides Cashout Refinance Loan

Posted On: December 9, 2015

Berkeley Point Capital recently closed a $14.86 million cashout refinance loan for Insula Companies’s 176 unit Class B Belleza Apartments in Kissimmee, Florida. The 10-year adjustable rate loan, secured through Freddie Mac, closed on Nov. 20, 2015 with a four-year interest-only period.
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Berkeley Point Closes $19.7M 12-Year Loan With 6 Year Interest-Only Period

Posted On: December 7, 2015

Berkeley Point Capital recently closed a $19.7 million fixed-rate loan for the acquisition and renovation of the 180 unit Ashford Crossing development in Shrewsbury, Massachusetts. The 12-year loan, secured through Fannie Mae, closed on November 23, 2015 with a 6-year interest-only period.
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Berkeley Point Capital Originates Freddie Mac Tax-Exempt Loan

Posted On: December 7, 2015

Berkeley Point Capital and Freddie Mac (OTCQB: FMCC) announced today the closing of NW Manors II on November 24, 2015, using Freddie Mac’s new Direct Purchase of Tax-Exempt Loans initiative (TEL). The TEL program helps to keep rental housing affordable for lower income families and increases cost-effective financing for tax-exempt multifamily properties.
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New Role for Tom White at Berkeley Point Capital

Posted On: September 18, 2015

Tom White started his new role as a Director in Originations for Berkeley Point Capital as of August 1, 2015. He will continue to operate out of the Bethesda, MD office, developing new and existing relationships as well as providing borrowers with the company’s wide spectrum of multifamily products and capital solutions. Tom has moved over to the production side after most recently serving as BPC’s FHA Chief Underwriter.
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Berkeley Point Capital Welcomes David Lundin

Posted On: September 9, 2015

David Lundin joins Berkeley Point Capital as Chief Underwriter of the firm’s FHA lending operations. Mr. Lundin will be responsible for leading Berkeley’s underwriting team in its efforts to underwrite and close FHA multifamily and healthcare loans nationwide. Mr. Lundin is a 25 year industry veteran with vast knowledge of the HUD Multifamily Programs. He is also a HUD approved underwriter for refinance and construction financing of apartment properties under the MAP program, as well as for healthcare properties under the LEAN program.
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Jeff Day featured on the “Best Ever” Podcast Series

Posted On: April 8, 2015

Jeff Day, CEO, Berkeley Point Capital is featured on the “Best Ever” podcast series hosted by Joe Fairless, with the “Best Real Estate Investing Advice Ever” show.
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Berkeley Point Capital Welcomes Casey Moore As It Expands Its Seniors Housing Team

Posted On: January 7, 2015

Casey Moore joins Berkeley Point Capital LLC as Director, Seniors Housing. He will operate out of the Boston, MA office, developing new and existing relationships and providing debt and equity capital solutions to seniors housing owners and operators. Mr. Moore’s arrival illustrates the firm’s commitment to the expansion of its seniors housing business.
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Berkeley Point Capital Expands Its Affordable Housing Finance Team with the Hiring of Matt Naish

Posted On: December 2, 2014

Matt Naish joins Berkeley Point Capital LLC as Director, Affordable Housing Finance. He will operate out of the firm’s newly established, San Francisco CA office, developing strategic partnerships and providing borrowers with the company’s wide spectrum of multifamily products and innovative capital solutions. Matt’s arrival further illustrates the firm’s significant commitment to the expansion of its affordable housing business.
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Berkeley Point Capital Facilitates $13.1M Refinance of Cross Creek, North Chesterfield, VA

Posted On: November 11, 2014

Berkeley Point Capital recently closed a $13,090,000 loan to refinance the 225 unit, townhouse/apartment community located in North Chesterfield, VA. The loan was originated by Ed Belz, Managing Director in Berkeley Point’s Boston office. This is Berkeley Point’s fourth financing transaction for the property, having financed its original construction in 1991 through HUD’s D4 program.
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Berkeley Point Capital makes Multifamily Executive News with Claiborne Crossing Deal

Posted On: May 1, 2014

In a recent article, Multifamily Executive highlights Claiborne Crossing, a newly constructed property in Louisville, Kentucky, financed by Berkeley Point Capital.
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Berkeley Point Capital makes GlobeSt News with Advenir@Mission Ranch Deal, Mesquite, TX

Posted On: February 28, 2014

GlobeSt.com recently featured an article on Advenir@Mission Ranch, a property in Mesquite, Texas. The financing on this deal was secured by Braden Harmon of Berkeley Point Capital.
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Berkeley Point Capital Executes $9.8M Refinance of Aguila Oaks, an Affordable Housing Property in TX

Posted On: February 6, 2014

Berkeley Point Capital LLC closed a 35 year fully amortizing $9,817,500 loan for the refinance of Aguila Oaks Apartments, a 346-unit, affordable, multifamily property located in San Antonio, TX. The sponsor, California-based Cesar Chavez Foundation, is a leading provider of affordable housing in California, Arizona, New Mexico and Texas, having built or renovated 42 communities of high-quality rental housing for low- and very low-income families and seniors.
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Berkeley Point Capital makes HUD News with White House Health Care Deal

Posted On: January 28, 2014

The White House Health Care property located in White House, Tennessee is featured on the U.S. Department of Housing and Urban Development's website.
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$36M in Acquisition Financing Executed by Berkeley Point Capital For Woodlake Village Apartments, CA

Posted On: January 15, 2014

Berkeley Point Capital LLC and Fannie Mae recently closed a $36,000,000 loan for the acquisition of Woodlake Village Apartments, a 646 unit multifamily-student property located in Sacramento, CA. The property was built in 1979 on 30.4 acres just one mile south of Sacramento State University. The ten-year loan has a fixed rate of 4.92%. The loan was originated by Mitch Clarfield, Senior Managing Director in Berkeley Point’s Santa Monica office.
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Berkeley Point Capital Facilitates $37.5M in Acquisition Financing For Arcadia Townhomes, WA

Posted On: January 10, 2014

Berkeley Point Capital recently closed a $37,535,000 loan to acquire Arcadia Townhomes, a 309 unit townhouse style, Class A, apartment community located in Federal Way, WA. The loan was originated by Mitch Clarfield, Senior Managing Director in Berkeley Point’s Santa Monica office.
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Jeff Day featured in Real Estate Forum

Posted On: January 10, 2014

Jeff Day, CEO, Berkeley Point Capital, is featured in Real Estate Forum's cover story, "View From the Top". Jeff discusses trends in the market as well as what he sees for the year ahead.
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Berkeley Point Provides $63M in Financing for the Acquisition of Multiple Apartment Communities, TX

Posted On: December 16, 2013

Berkeley Point recently facilitated $63M+ in acquisition financing for three apartment communities, Carrington Place, Carrington at Champion Forest, and Carrington Park at Huffmeister. The properties are located on the northwest side of the Houston Metro in the Cypress-Fairbanks area. The financing for each property was funded as a ten-year, adjustable rate loan under the Fannie Mae DUS program.
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Berkeley Point Executes $6.1M Refinance of Willow Springs Alzheimer's Care Center, Redding, CA

Posted On: December 4, 2013

Berkeley Point recently closed the refinancing of Willow Springs Alzheimer’s Special Care Center, a 30 unit, 56 bed, well-maintained community located in Redding, CA. The cash-out refinancing was arranged through the Fannie Mae DUS program and structured as a fixed rate, under a 10- year loan term.
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Berkeley Point CFO, Ira Strassberg, to be on MBA panel

Posted On: November 15, 2013

Berkeley Point CFO and Executive Managing Director, Ira Strassberg, will be on a panel with other industry finance veterans discussing strategic challenges affecting the mortgage business at MBA's Accounting and Financial Management Conference on November 21st.
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Berkeley Point Capital Facilitates $20.65M for Acquisition of Stonegate Apartments, Glendale Heights

Posted On: November 14, 2013

Berkeley Point recently closed $20,653,750 million in financing for the acquisition of Stonegate Apartments, a 420-unit apartment community located in Glendale Heights, IL, a desirable western suburb of Chicago with favorable demographic growth trends. The loan was arranged under the Freddie Mac CME program and structured as a fixed rate, 7-year term loan with 30 year amortization. The borrower will provide an additional $1.2M to fund property upgrades. The sponsor of the property is Stonegate Holdings GH, LLC, an entity formed by Chicago based Rockwell Partners.
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Berkeley Point Capital Executes $28.52M in Refinancing for Echelon Apartments, WA

Posted On: November 13, 2013

Berkeley Point recently provided $28,515,600 for the refinancing of Echelon Apartments, a Class A, 254-unit townhouse-style community located in Lakewood, WA. The financing was structured under the FHA 223(a)(7) program that allows existing FHA loans that qualify to be refinanced. Under the program, Berkeley Point was able to significantly reduce the interest rate from 6.64% to 4.30% while restoring the loan proceeds to the original loan amount and amortizing the loan over a 37 year term. Newly constructed in 2009, the property provides easy access to the major employment centers of Tacoma and Seattle.
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RealShare Industry Leaders Panel with Jeff Day

Posted On: November 5, 2013

The recent RealShare Apartments West conference took place on October 25 in Los Angeles. Our very own CEO, Jeff Day, was asked to speak on the notable Industry Leaders panel.
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Baby Boomers in America with Jeff Day

Posted On: October 18, 2013

Jeff Day, CEO, Berkeley Point Capital, recently spoke with Morgan Fairchild about rental housing options for Baby Boomers in America and the broader housing issues facing today's seniors.
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Berkeley Point Capital Facilitates $7.3M for Refinance of Washington Gardens Memory Care, Tigard, OR

Posted On: September 9, 2013

Berkeley Point recently closed the refinancing of Washington Gardens Memory Care, a 48 unit, Alzheimer’s facility located in Tigard, OR. The cash-out refinancing was structured as a fixed rate Freddie Mac 20- year loan.
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Berkeley Point Masterfully Executes $325M in Refinancing for The Gateway, San Francisco, CA

Posted On: September 4, 2013

Berkeley Point Capital LLC and Freddie Mac recently closed a $325,000,000 refinance loan on The Gateway, a 1,254 unit multifamily property with over 62,000 sq. ft. of ground floor retail. The property was built between 1965 and 1967 on 7.74 acres in San Francisco’s financial district. The ten-year, full-term interest-only loan has a fixed rate of 3.38%, and is the largest single-asset loan in Berkeley Point Capital’s history. The loan was originated by Mitch Clarfield, Senior Managing Director at Berkeley Point.
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Berkeley Point Capital Facilitates $12.5M for Acquisition of Maple Gardens in Dallas, TX

Posted On: August 5, 2013

Berkeley Point recently closed the acquisition financing of Maple Gardens, a Class A, 120-unit apartment community located in Dallas, TX. The financing was structured under the Fannie Mae DUS program as a ten-year deal term with two years interest-only at a fixed rate of 4.33 % and thirty -year amortization schedule. Newly constructed in 2011, the property includes three four-story, mid-rise buildings.
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Berkeley Point Capital Facilitates $24.95M for Refinance of Grace Park in Morrisville, NC

Posted On: July 25, 2013

Berkeley Point recently closed a $24.95 million loan to refinance Grace Park, a 128 unit, Class A, urban-style village property located in Morrisville, NC. This mixed-use property contains retail stores and is situated in close proximity to Research Triangle Park, a significant growth engine for the area. The financing was arranged under the Freddie Mac Capital Markets Execution program as a seven-year deal term and thirty -year amortization schedule.
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Berkeley Point Capital Provides $31.6 Million in Acquisition Financing for 420 units in Aurora, CO

Posted On: July 8, 2013

Berkeley Point Capital LLC recently closed a $31,599,000 loan for the acquisition of Sommerset Gardens, a 420-unit garden-style, class-B apartment community located in Aurora, CO. The financing was structured under the Fannie Mae Delegated and Underwriting and Servicing (DUS™) program as a twelve-year term with five years of interest-only at a fixed rate of 4.27%.
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Berkeley Point Provides $10.4M for Refinance of 264 Units in Lancaster, PA; 100% Affordable Housing

Posted On: June 11, 2013

Berkeley Point Capital LLC recently facilitated a $10,423,000 Federal Housing Administration (FHA) insured loan for the refinance of a 264-unit garden-style, class-C, apartment community located in Lancaster, PA. The property is 100% affordable as it is subject to rent and income restrictions at 60% of AMI under the LIHTC program and has a project based Section 8 contract for a 130 of the 264 units.
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Berkeley Point Capital Provides $64.3 Million for Refinance of an Urban In-Fill Apartment Community

Posted On: June 7, 2013

Berkeley Point Capital LLC recently provided $64,350,000 in combined financing for the refinance of an urban in-fill apartment community located in Denver, CO built in two phases – a 266-unit high-rise, Class-A, apartment community constructed in 2004 (Phase I) and a 134-unit mid-rise, Class-A, apartment community constructed in 2012 (Phase II).
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Berkeley Point Capital Expands Seniors Housing Origination Team with the Hiring of Philip Hoffman

Posted On: June 3, 2013

Philip Hoffman recently joined Berkeley Point Capital LLC as Director, Seniors and Healthcare Loan Originations. He will operate out of the firm’s Columbus, OH office, providing borrowers with the firm’s wide spectrum of seniors housing capital solutions. The addition of Philip to Berkeley Point’s Columbus origination team furthers the significant expansion of the firm’s Seniors Housing and Healthcare business.
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Berkeley Point Provides $49.7 M in Acquisition Financing for Foothill Place Apts in Salt Lake City

Posted On: May 30, 2013

Berkeley Point Capital LLC recently closed a $49,680,000 loan for the acquisition of Foothill Place Apartments, a 450-unit garden-style, class-B+, apartment community located in Salt Lake City, UT.
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Fitch Affirms Berkeley Point's CMBS Servicer Ratings

Posted On: May 17, 2013

Fitch Ratings has affirmed Berkeley Point Capital LLC's (Berkeley Point) primary servicer rating at 'CPS2' and special servicer rating at 'CSS3+' and removed the ratings from Rating Watch Negative. The ratings reflect Fitch's financial assessment of the company, which found its short-term financial viability adequate to support the CMBS servicing platform.
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Berkeley Point Capital Provides $10.9 Million for Acquisition of Braden Lakes Apts in Bradenton, FL

Posted On: April 17, 2013

Berkeley Point Capital LLC recently closed a $10,875,000 loan for the acquisition of Braden Lakes Apts, a 264-unit garden-style, class-B/C, apartment community located in Bradenton, Manatee County, FL.
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Berkeley Point Capital Provides $32.7 Million for Refinance in 35 days

Posted On: March 27, 2013

Berkeley Point Capital LLC recently closed a $32,700,000 loan for the refinance of Barton Vineyard Apartments, a 296-unit garden-style, class-A, apartment community located in Redlands, San Bernardino County, CA.
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Breaking News: Berkeley Point Capital’s Commentary on FHFA’s March 4th publication

Posted On: March 5, 2013

On Monday, FHFA released “2013 Performance Goals for Fannie Mae and Freddie Mac“. This scorecard highlights FHFA’s priorities for Fannie Mae and Freddie Mac in 2013, pursuant to “A Strategic Plan for Enterprise Conservatorships” submitted by FHFA to Congress on February 21, 2012. In a speech to the National Association for Business Economics 29th Annual Economic Conference, Edward J. DeMarco, Acting Director of FHFA provided additional clarity.
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Globest Tv Interviews Berkeley Point's CEO, Jeff Day: Multifamily Way Past Recovery

Posted On: February 28, 2013

Even with GSE reform looming as a potential sticking point in commercial real estate's multifamily sector, the space should remain robust for years to come, said Jeff Day, chief executive officer of Berkeley Point Capital. He spoke recently with Real Estate Forum's Sule Aygoren during the RealShare Apartments East conference.
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Berkeley Point's Jeff Day to Speak at Upcoming RealShare Apartments East

Posted On: February 12, 2013

We are pleased to announce that Jeff Day, Chief Executive Officer of Berkeley Point Capital, will be speaking on the Industry Leaders panel at the 2nd Annual RealShare Apartments EAST on February 26th at the Hyatt Regency in Miami. Jeff is joined by Doug Bibby, of NMHC moderating the panel.
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Berkeley Point Capital Provides $45 Million for New Construction of Class-A Community in FL

Posted On: February 11, 2013

Berkeley Point Capital LLC recently facilitated a $44,794,800 Federal Housing Administration (FHA) insured loan for the new construction of Compson Place at Renaissance Commons, a proposed 338-unit mid-rise, class-A, apartment community located in Boynton Beach, Palm Beach County, FL.
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Berkeley Point Capital Provides $29.1 M for Refi of Class-A Multifamily Property in Charlotte, NC

Posted On: December 11, 2012

Berkeley Point Capital LLC recently provided $29,100,000 in first mortgage proceeds for the refinance of University Center, a Class-A, 372-unit, garden-style apartment community located in Charlotte, NC. This transaction was structured under the Freddie Mac Capital Markets Execution as a seven-year, 3.41% fixed rate loan with yield maintenance.
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Berkeley Point Capital Facilitates $58.8M Additional Advance on Existing $80M Credit Facility

Posted On: December 4, 2012

Berkeley Point Capital recently closed a $58.8 Million credit facility addition on an existing $80 Million facility funded in August 2011. The sponsor, Simpson Housing Fund I, LLC, a joint venture between Simpson Housing LLLP and a major East Coast pension fund, partnered with Berkeley Point’s Senior Managing Director, Mitch Clarfield, who led the transaction to expand the facility.
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Berkeley Point Capital Provides $33.2M for Acquisition of Kansas City, MO Apartments in Record Time

Posted On: November 13, 2012

Berkeley Point Capital LLC recently provided $33,280,000 in first mortgage proceeds for the acquisition and renovation of Camden Passage, a 596-unit, garden-style apartment community located in Kansas City, Mo.
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Globest Tv Interviews Berkeley Point's President, Jim McDevitt: It’s Not Tough to Get Financing

Posted On: November 13, 2012

Liquidity is as good as it’s ever been in lending circles, says Jim McDevitt, president of Berkeley Point Capital LLC. McDevitt spoke with Carrie Rossenfeld during RealShare Apartments.
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Berkeley Point Capital Provides $29.5M for Acquisition of Wesley Village Apartments in Charlotte, NC

Posted On: November 8, 2012

Berkeley Point Capital LLC recently provided $29,575,000 in first mortgage proceeds for the acquisition of Wesley Village Apartments, a 301-unit, class-A, luxury apartment community located in Charlotte, NC. The transaction was structured under the Fannie Mae Delegated Underwriting and Servicing (DUS®) program as a five-year, 2.57% fixed rate execution with standard yield maintenance.
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We're Here to Help with Hurricane Sandy...

Posted On: November 2, 2012

The weather events of the last several days have been unprecedented and we hope that you and your families are safe. We are dedicated to providing our clients with immediate assistance and relief.
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Berkeley Point Capital Helps Drive Growth of Dornin by Financing 7 Multifamily Properties in SoCal

Posted On: November 1, 2012

Berkeley Point Capital LLC has provided financing for the acquisition of seven multifamily properties located in Southern California on behalf of Dornin Investment Group. Berkeley Point Capital’s, Darrin Stovall, Director in its Irvine, CA office, has led the Berkeley Point team to structure the multiple transactions.
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Berkeley Point Capital Provides $28M for New Construction of Class-A Community in Louisville, KY

Posted On: October 23, 2012

Berkeley Point Capital LLC recently facilitated a $28,179,500 Federal Housing Administration (FHA) insured loan for the new construction of Claibourne Crossing, a proposed 242-unit garden-style, class-A, apartment community located in Louisville, Jefferson County, KY.
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Berkeley Point Capital’s Santa Monica, CA Origination Team Expands with the Hiring of Alex Katz

Posted On: October 18, 2012

Alex J. Katz recently joined Berkeley Point Capital LLC as a Director in its Santa Monica, CA office. The addition of Alex to the Santa Monica origination team follows a significant expansion in the firm’s Santa Monica office, where the underwriting staff has been doubled in the past six months. Alex will originate multifamily loans nationally for the firm.
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Berkeley Point Capital Provides $40M for Houston Multifamily Property

Posted On: October 12, 2012

Berkeley Point Capital LLC recently facilitated $40,000,000 in first mortgage proceeds for the acquisition of AMLI Towne Square Apartments, a 380-unit, apartment community located in Houston, Harris County, TX. Constructed in 1999, the property includes twenty-two 4-story mid-rise buildings. The property will be renamed Standard on West Dallas.
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Berkeley Point Arranges $74M for Refi of One of the Largest Apartment Communities in DC

Posted On: October 2, 2012

Berkeley Point Capital LLC recently provided $74,750,000 in first mortgage proceeds for the refinance of The Woodner, a 1,072-unit, class-B multifamily community located in the Mount Pleasant neighborhood of Washington, DC. The site is comprised of two 13-story buildings connected by a lobby. Tower A represents the 3636 16th Street apartment building and Tower B represents the 3640 16th Street apartment building.
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Berkeley Point Capital Provides $52.3M for Refinance of Dedicated Student Housing Community

Posted On: September 14, 2012

Berkeley Point Capital LLC recently provided $52,320,000 in first mortgage proceeds for the refinance of West Campus II, a 348-unit / 971-bed, class A, dedicated student housing community located in in the West Campus section of Austin, TX. Structured under the Fannie Mae Delegated Underwriting and Servicing (DUS®) Student Housing program, the loan is a ten-year, fixed-rate mortgage with full term interest only payments.
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Berkeley Point Capital is Growing its Loan Origination Team with the Recent Hire of Bill Mott

Posted On: June 25, 2012

Bill Mott recently joined Berkeley Point Capital LLC as a Managing Director in its Bethesda, MD location. Bill was previously employed at Deutsche Bank from 2003 to 2011 where he originated and structured approximately $15 billion in CMBS, mezzanine, construction, and bridge loans across all asset classes.
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Berkeley Point Capital Provides First Mortgage to Fund the Refinance of Gables Summerset, a 752-unit

Posted On: June 20, 2012

Berkeley Point Capital LLC recently provided a first mortgage for the refinance of Gables Summerset, a 752-unit multifamily community located in San Diego, CA. The loan was structured under Freddie Mac’s Capital Markets Execution℠ program (CME) as a five-year, adjustable-rate mortgage with a maximum interest rate of 5.75%. The loan included full term interest only and flexible prepayment terms. The financing provided for the refinance of a maturing loan, while delivering cash-out proceeds to the sponsors.
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Berkeley Point Capital Loan Origination Team Expands with the Recent Hire of Stephan Gianoplus

Posted On: June 19, 2012

Stephan Gianoplus recently joined Berkeley Point Capital LLC as a Managing Director in its Bethesda, MD location. Stephan was previously employed in Deutsche Bank’s Commercial Real Estate Group since 1998, where he was responsible for origination and structuring of large real estate financings across all asset classes in the CMBS, GSE, mezzanine, note financing and syndicated bank loan markets.
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Berkeley Point Capital Provides $30 Million to Refinance a Premier Mobile Home Park in Malibu, CA

Posted On: May 31, 2012

The Irvine, CA office of Berkeley Point Capital LLC recently provided The Kissel Company, Inc. a $30 million first mortgage for the refinance of Paradise Cove Mobile Home Park, a 256-unit manufactured housing community located in prestigious Malibu, CA.
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Berkeley Point Capital Welcomes Executive Ira Strassberg

Posted On: May 17, 2012

Ira Strassberg recently joined Berkeley Point Capital LLC as Chief Financial Officer in its Bethesda, MD headquarters. Ira is one of a number of corporate executives that the firm is adding following its recent acquisition by entities affiliated with WL Ross & Co. LLC and Ranieri Real Estate Partners.
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Berkeley Point Capital Provides $22.65M to Fund the Acquisition of Barrington on the Green

Posted On: May 2, 2012

The Los Angeles, CA office of Berkeley Point Capital LLC recently provided a $22.65 million first mortgage for the acquisition of Barrington on the Green Apartments, a 342-unit community located in Hoover, AL. Structured under Fannie Mae’s DUS program, the 79% LTV loan is a ten-year, 3.94 % fixed-rate mortgage with the first five years of interest only, followed by a 30-year amortization schedule.
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Berkeley Point Capital is Growing its Seniors Business with Recent Hires Don Husi and Doug Harper

Posted On: April 4, 2012

Berkeley Point Capital LLC recently hired two seniors housing loan originators, Donald L. Husi in Nashville, TN and Doug W. Harper in Columbus, Ohio. Both Husi and Harper were previously employed by Red Capital Group.
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Berkeley Point Capital Provides $54.8 Million to Fund the Acquisition of LaSalle Apartments

Posted On: March 22, 2012

The Boston, MA office of Berkeley Point Capital LLC recently provided a $54.8 million loan for the acquisition of LaSalle Apartments, a 554-unit community located in Beaverton, OR. The fixed-rate, seven-year loan with two years of interest only was structured under Fannie Mae’s DUS program.
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Ranieri Real Estate Partners and WL Ross Complete Acquisition of Deutsche Bank Berkshire Mortgage

Posted On: March 9, 2012

Ranieri Real Estate Partners LP (RREP), a real estate financial services company, and private equity funds affiliated with WL Ross & Co. LLC (WL Ross) today announced the completion of the acquisition of Deutsche Bank Berkshire Mortgage (DBBM), formerly a subsidiary of Deutsche Bank.
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Ranieri Real Estate Partners and WL Ross to Acquire Deutsche Bank Berkshire Mortgage

Posted On: September 26, 2011

Ranieri Real Estate Partners LP (RREP), a real estate financial services company, and private equity funds affiliated with WL Ross & Co. LLC (WL Ross) have entered into a definitive agreement to acquire Deutsche Bank Berkshire Mortgage (the company or DBBM), a subsidiary of Deutsche Bank, the firms announced today. Terms of the agreement were not disclosed.
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Berkeley Point Capital Provides $64.3 Million for Refinance of an Urban In-Fill Apartment Community

Posted On: November 30, 1999

Berkeley Point Capital LLC recently provided $64,350,000 in combined financing for the refinance of an urban in-fill apartment community located in Denver, CO built in two phases – a 266-unit high-rise, Class-A, apartment community constructed in 2004 (Phase I) and a 134-unit mid-rise, Class-A, apartment community constructed in 2012 (Phase II).
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