Berkadia Provides $39.1M Loan For Multifamily Properties In Morton, Illinois & St. Louis, Missouri

Two multifamily properties, located at 2010 W. Jackson St. in Morton, Illinois, and 1247 Covington Manor Lane in St. Louis, Missouri, have recently undergone a closed transaction. The properties boast a combined total of 600 units, offering ample housing options for residents in the respective markets. The deal was facilitated by Paul Matusiak of berkadia''>berkadia'>Berkadia, who represented the buyer and seller in the transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $39,100,000
• Units: 600
• Market: Morton, Illinois & St. Louis, Missouri

Berkadia, a reputable lending institution, provided the loan for this transaction. Their involvement highlights their commitment to supporting real estate ventures, such as this multifamily investment. Paul Matusiak from Berkadia played a crucial role as the broker, ensuring a successful deal for both parties involved.