Financing the Substantial Rehabilitation of an Age-Restricted Property in Santa Monica, CA
Berkadia dives into the financing secured for the substantial rehabilitation of Westminster Towers, a 285-unit, age-restricted property in Santa Monica, California. In this episode, Ernie welcomes Berkadia's Kevin Kozminske and Charles Eldred of Falkenberg/Gilliam & Associates (FGA) to break down the $70.6M HUD 221(d)(4) loan that will help ensure long-term affordability and sustainability for senior residents. Visit berkadia.com to learn more.
Podzilla Summary coming soon
Sign up to get notified when the full AI-powered summary is ready.
Free forever for up to 3 podcasts. No credit card required.
Listen to This Episode
More from Inside the Deal, a CRE Podcast by Berkadia
The Evolution of Student Housing: Elevated Amenities, Tougher Deals
The Deal That Almost Died: Perseverance Turns a "No" into a Big Win
Peaks, Platforms, and Partnerships: Matt Ferrari on PXV and Berkadia
The State of CRE: 2025 in Review and 2026 Forecast
Get summaries like this every morning.
Free AI-powered recaps of Inside the Deal, a CRE Podcast by Berkadia and your other favorite podcasts, delivered to your inbox.
Free forever for up to 3 podcasts. No credit card required.