pennsylvania_housing_finance_agency_board_meeting.pdf
Berkadia to Originate Loan for Sandy Hill Bonds
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Description
PHFA’s Sandy Hill Terrace financing plan provides that Berkadia Commercial Mortgage LLC will originate the underlying mortgage loan. Bond proceeds will purchase a Fannie Mae mortgage-backed security backed by this loan to finance the senior housing redevelopment.
Contract Details
Contract Amount
Not to exceed $24,000,000 (Mortgage Loan associated with bond financing)
Vendor
BERKADIA COMMERCIAL MORTGAGE LLC
Agency
Pennsylvania Housing Finance Agency, PA
Contract Type
FINANCIAL_SERVICES
Document Date
October 9, 2025
Contract Term
Up to 20 years after bond issuance (aligned with bond maturity)
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