INVESTMENT: Engler Financial Markets Mortgage Note Secured by Townhome Property in Georgia
Engler Financial Group has been retained exclusively to market for sale the multifamily mortgage loan collateralized by the 232-unit Oxford Creek.
DEAL OF THE DAY: HFF Maximizes Proceeds on $105.4M Sale of Small-Balance Loan Pools to Individual Investors
HFF (Holliday Fenoglio Fowler LP) completed the sale of two small-balance commercial real estate loan pools totaling $105.4 million on behalf of a special servicer and a money-center bank.
INVESTMENT: Carlton Offers Over $300M of Multifamily, Land and Other Assets for Sale
Carlton Advisory Services Inc. has been retained to bid more than $300 million of hospitality, multifamily, office, retail and land assets, according to Carlton Chairman Howard L. Michaels. The majority of the assets are located in Florida, with the remainder located in California, Virginia, Missouri, Minnesota, Nevada, S. Carolina and Tennessee.
DEAL OF THE DAY: HFF arranges $12M Construction Loan through Bank for Wood Partners’ Apartment Project
The Boston office of HFF (Holliday Fenoglio Fowler LP) arranged a $12 million construction loan for Alta at Indian Woods Apartments, a 154-unit, to-be-built multi-housing community in Stoughton, Mass.
DEAL OF THE DAY: Hendricks & Partners Brokers $325.91/Ft. All-Cash Sale by Bank of Ocean Front Parking Lot for Condo Development
Hendricks & Partners participated in the sale of an ocean front site, located at 305-309 South Ocean Front Walk in Venice, Calif. The ocean front property sold for full price and closed all-cash in 16 business days.
DEAL OF THE DAY: Deutsche Bank Berkshire Closes $17.8M Construction/Permanent Financing for Garden-Style Apartments
Deutsche Bank Berkshire Mortgage (DBBM) arranged a $17.8 million Federal Housing Administration (FHA)-insured loan for the construction of Callis Hills Apartments, a proposed 210-unit garden-style multifamily community in Lebanon, Tenn.
DEAL OF THE DAY: Marcus & Millichap Arranges Speedy Sale of 8-Unit Apartment Property for $890,000
Rick Raymundo, Elliot Hassan, and Mike Hanassab of Marcus & Millichap Real Estate Investment Services facilitated the sale of an eight-unit apartment property in North Hollywood, Calif. The sales price of $890,000 represents a value of $111,250 per unit.
DEAL OF THE DAY: Arbor Closes $3,127,600 Fannie Mae DUS Loan at 6.15% Interest
Augusta, Ga. – Arbor Commercial Funding LLC announced the recent funding of a $3,127,600 loan under the Fannie Mae DUS product line for the 64-unit complex known as Avalon Apartments in Augusta, Ga.
INVESTMENTS: Marcus & Millichap Lists California Property for $187,500 Per Unit
Novato, Calif.– Marcus & Millichap Real Estate Investment Services retained the exclusive listing for Oak Grove Apartments, an 88-unit, 75,666-square-foot luxury apartment complex in Novato, Calif. The listing price of $16.5 million represents $187,500 per unit and $218 per square foot.
DEAL OF THE DAY: Arbor Closes $4,000,000 Fannie Mae DUS Coop Loan
Topeka, Kansas- Arbor Commercial Funding LLC arranged the funding of a $4,000,000 loan under the Fannie Mae DUS MAH Coop Loan product line for the 200-unit complex known as Fox Ridge Townhouses in Topeka, Kansas.