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January 30, 2020

Berkadia secures $30M for ICG apartment deal

Berkadia announced that its Seattle office recently secured $30.3 million in financing for the local buyer of the 288-unit Talus in Great Falls, Montana. Berkadia's Jeff Stuart arranged the 10-year Freddie Mac loan for Investors Capital Group. ICG invests in most of the West Coast, Southwest and Texas. It doesn't list any Seattle properties, but owns apartments in Pasco and Spokane. It has about 6,000 units in its portfolio. The firm is led by Mick Halpin, Ward Murphy and Michael Christian.

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