DEAL OF THE DAY: Trophy Residential Tower in Arlington, Va. Auctions for $118M

The Washington, D.C. office of HFF (Holliday Fenoglio Fowler LP says it has closed the sale of The Palatine, a 262-unit, Class A high-rise multi-housing community in Arlington, Va. Crescent Heights of America was the successful bidder at the foreclosure auction and purchased the property for $118 million.

DEAL OF THE DAY: ARA Brokers Sale of Two Well-Located Distressed Properties for $52.15 Per Square Foot

Apartment Realty Advisors (ARA) brokered the sale of a 78-unit, two property portfolio in Aurora, Colo. to JTA Properties, a private local buyer, for $2,125,000, representing a price per unit of $27,244, or $52.15 per square foot.

DEAL OF THE DAY: Colliers Directs MF Sale in LA at 3.78% Cap Rate

Colliers International directed the sale of an eight-unit apartment building

DEAL OF THE DAY: Eastern Consolidated Completes $8.1M in Sales of Construction Loans for Stalled Condo Projects

Brooklyn, N.Y.—Eastern Consolidated brokered the purchase of defaulted loans to make possible the development of two stalled luxury condominiums in the Williamsburg neighborhood Brooklyn. In two separate transactions, Eastern Consolidated Senior Director David Schechtman and Associate Geoff Rand, represented the buyer, Nachas 180, LLC, of the two loans obtained to cover the cost of constructing the condominiums. Both off-market deals sold for a combined $8.1 million, were completed on an all-cash basis and represent the recapitalization of the Williamsburg developments which were well-conceived, but fell prey to the market downturn in end-unit pricing, and high construction costs. The two new…

DEAL OF THE DAY: Alliant Capital Refinances Two Chicago Properties

Alliant Capital LLC made a $1.6 million refinance of Kedzie Boulevard Apartments,

DEAL OF THE DAY: Franklin Street Brokers Bank Sale of 10%-Occupied Property

Franklin Street Real Estate Services facilitated the sale of the 20-unit Parkview Apartments, which had been foreclosed on by the lender more than one year ago. The property had a variety of physical and operational challenges and was 10 percent occupied at the time of sale.

DEAL OF THE DAY: NorthMarq Completes $38M in Co-op, Perm & Acquisition Financing

NorthMarq Capital arranged an $8,900,000 permanent loan

DEAL OF THE DAY: Arbor Closes $1.615M Fannie Mae Small Loan for Apartment Complex

Arbor Commercial Funding LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage LLC, recently helped fund a $1,615,000 loan under the Fannie Mae DUS product line for the 43-unit Sunny Knoll Apartments in Seymour, Conn.

DEAL OF THE DAY: NBS Financial Secures $3.75M in Fannie Mae Financing through Walker & Dunlop

NBS Financial Services Executive Vice President Mike Wood has secured $3.75 million in refinancing for the Park at Auburn Apartments, an 83-unit apartment complex in Auburn, Wash., that was built in 1981.

DEAL OF THE DAY: NorthMarq Capital Arranges $18M Freddie Mac Loan for Manhattan Apartment Building

Craig Bjornsund, senior vice president and managing director of NorthMarq Capital’s (NorthMarq) New York Metro Regional office arranged first mortgage financing in the amount of $18 million for 2161-2169 Broadway (235-241 W. 76th Street) in Manhattan.

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