Cohasset
REAL ESTATE
Berkadia Secures $18.9M in Financing for Multifamily Property Sterling Oaks in Chico California
Berkadia announced the financing of Sterling Oaks, a 188-unit, garden-style multifamily property in Chico, California. Managing Director Andy Ahlers of Berkadia San Francisco secured $18.9 million in financing through Fannie Mae on behalf of the Chico-based owner. The deal closed on August 28. The long-term loan included a very competitive interest rate with several years of interest-only payments.
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