January 27, 2020
Berkadia secured $30.3 million in financing for Talus Apartments, a 288-unit garden-style multifamily community in Great Falls, MT. Seattle-based Investors Capital Group, LLC, was the borrower. The 10-year Freddie Mac loan features a full-leverage loan with partial-term interest-only.
Located at 2100 26th St. S, the community was constructed in two phases from 2015 to 2018. The property features studio, one and two-bedroom floor plans with in-unit washers and dryers, stainless-steel energy-efficient appliances, walk-in closets, nine-foot ceilings and private patios or balconies. Community amenities include a resort-style heated swimming pool, an expansive sun deck, a 24-hour fitness center and several barbeque stations.
Berkadia Seattle’s Jeff Stuart originated the acquisition mortgage on behalf of the borrower.
For comments, questions or concerns, please contact Dennis Kaiser