February 25, 2016
Starwood Capital Group, based in Greenwich, CT, has obtained $1.4 billion in Freddie Mac acquisition financing, with help from Irvine, CA-based Berkeley Point Capital. The loans were obtained for a five-state multifamily portfolio.
The 10-year, floating-rate loans include a five-year interest-only period, and a 30-year amortization schedule.
The portfolio contains 8,597 units in California, Colorado, Florida, Maryland and Virginia. The properties were built from the mid-1960s to the late 2000s.
Charlie Haggard and Kevin Mignogna, with Berkeley Point’s Irvine office, secured the loans for Starwood Capital.