Berkadia, a leader in the commercial real estate industry, announces that it secured a $34.775 million construction loan on behalf of OREI for The ONE at Montgomery, a new 264-unit, garden-style multifamily development underway in Montgomery, Alabama.
Managing Director Brad Williamson and Vice President Patrick Johnson of Berkadia Miami, along with Senior Managing Director Mitch Sinberg and Managing Directors Scott Wadler and Matt Robbins, secured the financing on behalf of the sponsor, Miami-based One Real Estate Investment (OREI), led by Jeronimo Hirschfeld, Bob Barton, and Thomas Kochak.
Synovus Bank provided the floating-rate loan at a 65% loan-to-cost.
“OREI’s demonstrated track record for delivering new communities in Sunbelt markets underpinned by strong white- and blue-collar job growth generated interest from a variety of lenders,” said Williamson. “The capital of Alabama is home to a vibrant and diverse economy composed of military/defense employers, manufacturers, retail wholesalers, and now tech/data centers, all driving the need for new high-quality housing that The ONE at Montgomery will help satisfy.”
“We’re thrilled to have closed this construction loan with our partners at Synovus, as it marks a significant step forward in expanding our development footprint,” said OREI’s Hirschfield. “This project not only strengthens our presence in the Sunbelt but also reinforces our commitment to delivering high-quality developments in high-growth markets.”
Berkadia also recently secured financing for OREI to build new communities in Memphis, Tennessee, and Columbia, South Carolina.
Located at 10510 Chantilly Parkway, The ONE at Montgomery will offer a mix of 96 one-bedroom units, 132 two-bedroom units, and 36 three-bedroom units ranging from 827 to 1,254 square feet. Amenities will include a fitness and yoga studio, pool, multiple dog parks, pool cabana and sauna, as well as a state-of-the-art golf simulator. The property is slated to open in mid-2026.
Located in the affluent EastChase neighborhood, The ONE at Montgomery is near The Shoppes at EastChase, a lifestyle center featuring a diverse array of national and local retailers, specialty shops, and popular dining establishments, cinemas, and fitness centers. The property offers easy access to major thoroughfares like I-85 and is just a 20-minute drive from Downtown Montgomery and surrounding areas.
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
