Berkadia has arranged refinancing for RiverHouse Apartments, a 144-unit, garden-style multifamily property in Riverside, AL. Managing Director Tom Genetti of Berkadia Atlanta secured $13 million in refinance proceeds through Fannie Mae on behalf of the owner, Birmingham-based The Oakley Group. On June 27th the deal closed successfully.
Tom Genetti commented that “The Oakley Group did an incredible job with their renovation at RiverHouse which is situated along Lake Logan Martin” and added “We were pleased to help them capitalize on all their hard work and improvements they made since 2021 when they acquired the property. They deserved to return some capital back to their investors from this fantastic project”
Located at 300 Riverhouse Loop near Lake Logan Martin reservoir on Coosa river ,the 1981 built complex offers newly refurbished one-, two-, and three bedroom apartments with community amenities such as fishing pier , pool & playground .
