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November 20, 2014

Berkadia arranges $19M loan

Jeff Stuart of Berkadia's Seattle office arranged $19 million in financing through Freddie Mac for Affordable Housing Associates to buy Tualatin Meadows, a 240-unit affordable housing complex at 18755 S.W. 90th Ave in Tualatin, Oregon. Tualatin Meadows was built in 2000 using low income housing tax credits, and was 98 percent occupied at the time of the sale. The 11-acre complex is about 13 miles southwest of Portland, and has a gym, pool, clubhouse and playground. Berkadia is a joint venture between Berkshire Hathaway and Leucadia National Corp. that works on real estate financing, sales and research.




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