Real Estate Weekly
Image default
Banking and Finance Debt & Equity

Berkadia brings family into Texas deal

Berkadia secured a joint venture equity partner for Stillwater Capital’s multifamily development project in Austin, Texas.

Led by Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick, Berkadia arranged the partnership with an overseas institutional family office.

Said Bhatt, “We were delighted to facilitate a relationship between Stillwater Capital and this Middle East-based family office. We have known the family office for several years and spent a few months in this particular case helping them identify the right developer, market and transaction in the U.S.”

Stillwater will build 750 units in two phases on the site. Phase One of the project broke ground in November. Financial details of the project and partnership were not disclosed.

(Visited 1 times, 1 visits today)

Related posts

Slate funds $48M construction loan for New Rochelle development

REW

Square Mile loans $47M for Syracuse student housing acquisition

REW

Fairstead investors pump $500M into next growth spurt

REW