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Berkadia arranges sale and financing for 270-unit Virginia multifamily

The deal includes a five-year, fixed-rate Freddie Mac loan with a three-year interest-only period and 35-year amortization, at a 70% loan-to-value ratio.

Reported · Written up by our desk · Industry

Connect Commercial Real Estate, via ConnectCRE, said Berkadia arranged the sale and financing of Masons Keepe, a 270-unit garden-style multifamily property in Manassas, Virginia.

The transaction was completed on behalf of University Village Apartments, LLC as Berkadia coordinated the sale. Bridge Investment Group was the buyer, and Berkadia secured financing for the acquisition.

Freddie Mac backed the financing through a five-year, fixed-rate loan, featuring a three-year interest-only period and a 35-year amortization schedule, according to the deal details.

Masons Keepe, located at 9000 Landings Drive, was built in 2004 and offers a mix of one- and two-bedroom apartments, with access to employment centers across Prince William County and the Washington, D.C. metro area.

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