Berkadia Arranges Financing for Grand Rapids Townhomes
Berkadia announced the financing of Meadowood Townhomes, a 96-unit, townhome-style multifamily property in Grand Rapids, Michigan.
Managing Director Aaron Moll and Associate Directors Dominick Ens and Kevin Nimmo of Berkadia Detroit and Chicago secured the loan through Fannie Mae. The borrower is the developer of the property, Grand Rapids-based Wheeler Development Group (WDG).
WDG owns and operates the asset under its affiliated property management company, PURE Real Estate Management. The 10-year loan featured a 5.32% interest rate, with seven years of interest-only payments followed by 30 years of amortization.
Located at 3300 E Beltline, the property affords convenient access to Downtown Grand Rapids and Gerald R. Ford International Airport. Multiple national and regional retailers, including Meijer, are nearby, with employment drivers from Corwell Health, Cornerstone University, and the Fredrick Meijer Gardens and Sculpture Park. Meadowood Townhomes was built in 2025 and features 96 units.
Join us on Tuesday afternoon, June 2, 2026, at the Connect Midwest Multifamily Trends Conference as JDL Founder, Jim Leitchinger, is honored with the Changing Skyline Award followed by an exclusive Keynote Interview. This is a rare opportunity to hear firsthand insights from one of the region’s most influential visionaries in multifamily development.
Other News
RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
Learn more
Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
Learn more
Berkadia Negotiates Student Housing Property Sale in Kansas
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout