BERKADIA ORIGINATES OVER $14M FOR HISTORIC, AFFORDABLE HOUSING PROPERTY IN PHOENIX

Berkadia recently originated a $14.1 million loan for Westward Ho Apartments, a nationally registered historic landmark property located in downtown Phoenix. The property, a former 600-unit luxury hotel, was originally purchased and converted to 289 housing units for elderly and disabled residents in 1978 by Gaudreau Development Company, an affiliate of the current owner and…