Berkadia Arranges Sale and Financing of Sage Creek Apartments in Augusta

Berkadia, a distinguished leader in the commercial real estate sector, is pleased to announce the sale and financing of Sage Creek Apartments, a 120-unit, garden-style multifamily property located in Augusta, Georgia.

Berkadia Atlanta represented the seller, Jan investor group led by JJM Realty Holdings, LLC, and Berkadia DC Metro secured a $11.375 million Fannie Mae acquisition loan on behalf of the buyer, Blackfin Real Estate Investors, LLC. The full deal team is listed below.

“The seller did a great job of maintaining the asset and setting up the buyer to implement the next phase of renovation,” said Mike Riley. “Sage Creek’s location, year built, and interior scope make for the ideal light value add play. It was a pleasure working with both parties.”…

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