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Berkadia has arranged $13.1 million of preferred equity for Novu Residential Group to build its planned 308-unit apartment property at 1485 Fouraker Road in Jacksonville, Fla. The brokerage firms’ joint venture equity and structured capital group expects greater demand for gap capital in 2024.
The post Berkadia Sees More Demand for, Supply of Gap Capital; Pref Equity Arranged for Fla. Apartments appeared first on Commercial Real Estate Direct.
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