Berkadia Arranges $47M Apartment Construction Loan – Robert Khodadadian

Berkadia has arranged senior construction financing for The One at Hope Mills, a 360-unit garden-style multifamily development in Fayetteville, NC.

Senior Managing Director Mitch Sinberg and Managing Directors Brad Williamson, Scott Wadler and Matt Robbins of Berkadia South Florida secured acquisition financing on behalf of the sponsor, One Real Estate Investment.

City National Bank of Florida with Abanca provided the $47 million floating rate construction loan for the project. Construction will begin in the third quarter of this year completion expected in the second half of 2024.

Located at 3680 Elk Road, The One at Hope Mills will consist of 11 three-story buildings and a clubhouse on 46 acres six miles southwest of downtown Fayetteville. The property will feature a mix of one-, two-, and three-bedroom floor plans with best-in-class amenities.

Community amenities will include a resort-style pool, outdoor cabana, game room with billiards and shuffleboard and state-of-the-art fitness center.

The post Berkadia Arranges $47M Apartment Construction Loan appeared first on Connect CRE.

Berkadia has arranged senior construction financing for The One at Hope Mills, a 360-unit garden-style multifamily development in Fayetteville, NC. Senior Managing Director Mitch Sinberg and Managing Directors Brad Williamson, Scott Wadler and Matt Robbins of Berkadia South Florida secured acquisition financing on behalf of the sponsor, One Real Estate Investment. City National Bank of …
The post Berkadia Arranges $47M Apartment Construction Loan appeared first on Connect CRE.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.