Berkadia Arranges $35.5M Sale of Two Multifamily Properties in Castro Valley, California

Berkadia Facilitates Sale and Acquisition Financing of Multifamily Property Portfolio in the Bay Area of California

Berkadia announces that it arranged the sale and acquisition financing of two value-add, neighboring Castro Valley multifamily communities with a total of 135 units: The Cedars, an 83-unit property that sold for $21.45 million, and Creekside Terrace, a 52-unit property that sold for $14.1 million. Senior Managing Director Jason Parr, Managing Director Scott MacDonald, and […] The post Berkadia Facilitates Sale and Acquisition Financing of Multif…

Berkadia Arranges $35.5M Sale of Two Multifamily Properties in Castro Valley, California

CASTRO VALLEY, CALIF. — Berkadia has arranged the $35.5 million sale of The Cedars and Creekside Terrace, two neighboring, value-add multifamily properties located in the Northern California city of Castro Valley. Felson Cos., the original developer, sold the assets to San Francisco-based Prime Residential for $21.4 million and $14.1 million, respectively. Jason Parr, Scott MacDonald and John Hansen of Berkadia San Francisco represented the sell…