Affordable Housing
CAPREIT Acquires Delaware Community
Greysteel’s Ari Firoozabadi and Henry Mathies acted on behalf of the seller and procured the buyer for Vinings at Christiana.
Newark Affordable Housing Breaks Ground
The Michaels Organization and its partners began work on Somerset Brownstones, a $19 million development in New Jersey’s Central Ward neighborhood.
Dougherty Arranges Refi for San Antonio Community
The $14.9 million, 12-year Fannie Mae loan will be used to retire existing debt on the property.
Brooklyn Affordable Community Breaks Ground
Trinity Financial Inc. and the New York City Housing Authority are bringing the 180-unit property to the borough’s Brownsville neighborhood.
Podcast: Getting Creative With Affordable Housing Lending
Merchants Capital President Mike Dury discusses mortgage lending activities for the affordable housing market. Tune in to hear his take on what’s ahead.
Dominium Expands Dallas Presence
Canadian Imperial Bank of Commerce originated a $20.7 million loan for the acquisition of a 200-unit property.
InvestRes Sells Tampa-Area Portfolio for $29M
The two communities in Bradenton, Fla., total 297 units with one property designated fully affordable.
Berkadia Adds New SVP to Affordable Housing Team
David Leopold will oversee activities, such as mortgage banking, investment sales and tax credit syndication services.
Fully Affordable Central Coast Community Trades for $63M
CBRE’s Stewart Weston, Dean Zander, Jeff Kunitz and Tim Flint acted on behalf of the 236-unit property’s seller, Vaughn Bay Construction.
Queens’ T-Building: From Hospital to Affordable Housing Community
Dunn Development Corp. has started work on transforming the historic structure into a 200-unit affordable housing property, slated for completion in 2021.