FINANCIAL_SERVICESAPPROVED

City of Austin city Awards Financial Services Contract to Berkadia Commercial Mortgage Llc (October 2026)

Austin Housing Finance Corporation approved financing with Berkadia Commercial Mortgage LLC as the initial funding lender for the Elm Ridge Apartments project. Berkadia will originate and fund a loan of up to $33 million, with the financing scheduled to mature December 1, 2042.

Document date · October 5, 2026

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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
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
$33,000,000 original principal amount of the Funding Loan
Contract type
FINANCIAL_SERVICES
Contract term
Dated as of November 1, 2026; subject to maturity on December 1, 2042
Renewal date
2042-12-01
Renewal
The loan documents permit amendments, restatements, supplements, modifications, assignments, and transfers subject to their terms.
Document type
Resolution
Source document
Austin Housing Finance Corporation Resolution Authorizing Issuance of Multifamily Housing Revenue Note (Elm Ridge Apartments), Series 2026 2026-10-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Austin city?

Berkadia Commercial Mortgage Llc was awarded this financial services contract by City of Austin city, as recorded on October 5, 2026. The contract value is $33,000,000 original principal amount of the Funding Loan.

How much is the Berkadia Commercial Mortgage Llc contract with City of Austin city worth?

The Berkadia Commercial Mortgage Llc contract with City of Austin city is valued at $33,000,000 original principal amount of the Funding Loan, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Austin Housing Finance Corporation Resolution Authorizing Issuance of Multifamily Housing Revenue Note (Elm Ridge Apartments), Series 2026 2026-10-08 (Resolution), dated October 5, 2026 from City of Austin city. 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 City of Austin city currently buying?

Explore City of Austin city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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