Berkadia successfully brokered and arranged financing for the $85.35 million sale of Springs at Cooley Station, a 276-unit apartment complex in Gilbert, Arizona. Utah-based Millburn and Company purchased the property for approximately $309,000 per unit. Michael Slovitt of Berkadia led financing efforts on behalf of the buyer with Fannie Mae providing full-term interest only permanent financing featuring a rate buydown to lock in an all-in fixed rate of 5.03 percent over 10 years. Dan Cheyne represented the seller during this transaction process.
“Christy George Named as Intersect Illinois’ New CEO”
Christy George has been appointed as the new President and Chief Executive Officer of Intersect Illinois. She brings a wealth