The recently closed transaction involves a multifamily property consisting of 619 units located at 1250 N. University Street in Redlands, 3030 East Broadway Road in Mesa, 3434 East McDowell Road in Phoenix, and 9620 W Russell Road in Las Vegas. The property is situated in the Inland Empire, CA, Mesa, AZ, Phoenix, AZ, and Las Vegas, NV markets.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $41,000,000
• Lender: Texas-Based Family Office
• Landlord: SB Real Estate Partners
• Brokers: Chinmay Bhatt, Noam Franklin, and Cody Kirkpatrick - Berkadia JV Equity & Structured Capital Group
• Loan Type: JV Equity

Berkadia JV Equity & Structured Capital Group, led by Noam Franklin, Cody Kirkpatrick, and Chinmay Bhatt, has been involved in over $3 billion worth of transactions across more than 60 deals since its acquisition in 2019. The team specializes in the equity side of the capital stack, providing expertise and capital for real estate ventures.