November 22, 2019
Berkadia has secured $18.7 million in acquisition financing for Axiom Apartments, a 202-unit multifamily community in Charlotte.
Built in 1987, Axiom Apartments is located at 5625 Keyway Blvd., and consists of one and two-bedroom units. Features include linen closets, kitchen pantry, washer and dryer connections, breakfast bars and private patios. Amenities provide a clubhouse, swimming pool, fitness center, playground, business center and complimentary Wi-Fi.
Brad Williamson of Berkadia’s Miami office and Mitch Sinberg of Berkadia’s Boca Raton office arranged the financing on behalf of Miami-based One Real Estate Investment. Voya Investment Management originated a three-year, floating rate loan with two one-year extension options.
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