Seattle-Area Community Lands Refi
Hunt Real Estate Capital originated funding through Freddie Mac’s Small Balance Loan program to refinance the Lynnwood asset.
SoCal Community Changes Hands
Prism Multifamily funded the acquisition of the 121-unit Class A Latitude 33 in Palm Springs with a $10.8 million loan originated by Walker & Dunlop.
North FL Development Lands $31M Financing
The Highline, a 171-unit project in Melbourne, kicked off construction in June and is slated for completion in early 2020.
Maxx Properties Acquires Salt Lake City Property
The company plans to fully renovate the 361 units and common areas of the 1970s-era Cobble Creek Apartments, which is located 10 miles south of the city’s downtown.
South FL Asset Lands Freddie Mac Refi
HFF originated the new $22 million financing package, replacing a previous, floating-rate CMBS loan of $17 million taken in 2015.
Bridge Investment Crosses Into Atlanta Suburbs
The firm purchased the 680-unit Class B community in the metro’s Cumberland/Galleria submarket from Castlegate Properties, which acquired the asset in 2016.
OC Development Opens Its Doors
Kam Sang Co. funded the 180-unit first phase of Brookhurst Place in Garden Grove, Calif., with a nearly $38 million construction loan.
LIV Development Offloads FL Asset
The buyer, Myers Apartment Group, picked up the newly built 260-unit property for more than $50 million prior to the asset’s stabilization.
Pensam Trades San Antonio Community
Triago Ventures financed the acquisition of the 288-unit multifamily value-add property with a $25 million loan originated by Walker & Dunlop.
Gladiator Enters the Ring in SC
The firm acquired the 272-unit community in Columbia from RealSource for nearly $25 million, with the new owner taking a $14.2 million Freddie Mac acquisition loan.