homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

May 9, 2024

Berkadia finds $18M for Pierce Co. units

Working from Berkadia's office in Irvine, Calif., Vince Punzi and Lowell Takahashi recently arranged an $18 million refinancing deal for the 80-unit, two-year-old Peak at Sunrise, which is part of the larger Sunrise development from Corliss Management Group, near Puyallup. The Freddie Mac funding came via a partnership with DSC Capital. Punzi said in a statement, “We successfully structured the property in lease-up and secured a five-year fixed loan. This allowed us to lock in the interest rate before the 50-basis point run-up in the treasury.”




Email or user name:
Password:
 
Forgot password? Click here.