FINANCIAL_SERVICESONGOING

Berkadia Funds $33 Million Elm Ridge Housing Loan

Austin Housing Finance Corporation entered into a $33 million funding loan with BERKADIA COMMERCIAL MORTGAGE LLC for the acquisition and rehabilitation of Elm Ridge Apartments. The fixed-rate financing is dated November 1, 2026, and matures December 1, 2042, subject to permitted prepayment.

Document date · October 5, 2026

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Derivita logo
Comcate logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
$[33,000,000] original principal amount
Contract type
FINANCIAL_SERVICES
Contract term
Funding on the Delivery Date, identified as November 1, 2026; maturity December 1, 2042, subject to prepayment
Renewal date
2042-12-01
Renewal
The Funding Loan may be amended, restated, supplemented, transferred, or assigned under the agreement. Berkadia is expected to assign its rights to Freddie Mac after the conditions of the Freddie Mac Commitment are satisfied.
Document type
Agreement
Source document
Austin Housing Finance Corporation Agreement Funding Loan Agreement for Elm Ridge Apartments 2026-11-01

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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.

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, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Austin Housing Finance Corporation Agreement Funding Loan Agreement for Elm Ridge Apartments 2026-11-01 (Agreement), 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.

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