FINANCIAL_SERVICESRECOMMENDED

Berkadia to finance Green Manor Apartments bonds

CTCAC and CDLAC staff recommend a financing structure for Green Manor Apartments in which Berkadia Commercial Mortgage LLC will purchase $19.3 million in tax‑exempt bonds, $21 million in recycled tax‑exempt bonds, and provide $5.7 million in taxable financing. The financing supports a $79.3 million LIHTC acquisition‑rehab project for seniors in San Diego.

Status
RECOMMENDED
Document date
June 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Berkadia Commercial Mortgage Llc
Agency
California Tax Credit Allocation Committee · CA

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$19,300,000 tax‑exempt bonds; $21,000,000 recycled tax‑exempt bonds; $5,700,000 taxable construction financing
Contract type
FINANCIAL_SERVICES
Contract term
Construction and permanent financing period per bond and loan documents (not precisely dated; construction expected October 2026 – December 2027)
Renewal
Standard bond and loan agreements will govern maturity, amortization, and any extension options; no explicit renewal terms are provided in the staff report.
Document type
AgendaPacket
Source document
California Tax Credit Allocation Committee AgendaPacket 2026-06-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Tax Credit Allocation Committee?

Berkadia Commercial Mortgage Llc was awarded this financial services contract by California Tax Credit Allocation Committee, as recorded on June 22, 2026. The contract value is $19,300,000 tax‑exempt bonds; $21,000,000 recycled tax‑exempt bonds; $5,700,000 taxable construction financing.

How much is the Berkadia Commercial Mortgage Llc contract with California Tax Credit Allocation Committee worth?

The Berkadia Commercial Mortgage Llc contract with California Tax Credit Allocation Committee is valued at $19,300,000 tax‑exempt bonds; $21,000,000 recycled tax‑exempt bonds; $5,700,000 taxable construction financing, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in California Tax Credit Allocation Committee AgendaPacket 2026-06-22 (AgendaPacket), dated June 22, 2026 from California Tax Credit Allocation Committee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Berkadia Commercial Mortgage Llc hold?

Berkadia Commercial Mortgage Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Berkadia Commercial Mortgage Llc's profile

What is California Tax Credit Allocation Committee currently buying?

Explore California Tax Credit Allocation Committee's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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