DEAL OF THE DAY: Marcus & Millichap Arranges 80% LTV for $3.3M Fixed-Rate Mortgage
Greensboro, N.C.–Marcus & Millichap arranged a $3,304,000 loan for the acquisition of a 159-unit garden-style multifamily asset in Greensboro.
Obama’s Tax Cuts Extension Package Passes Congress
The Bush tax cuts extension that Obama has very skillfully prepared for, and sheperded through, a Democratic Congress now awaits his signature.
DEAL OF THE DAY: HFF Refinances Bridge Loan with $15.6M HUD 223(f) FRM at Attractive Leverage
Fife, Wash.–The Portland office of HFF has arranged a $15.6 million refinancing for a 241-unit multi-housing community in Fife, Wash.
‘Foong on Finance’ with Keat Foong: Obama’s Tax Cuts Extension Package Passes Congress
The Bush tax cuts extension that Obama has very skillfully prepared for, and sheperded through, a Democratic Congress now awaits his signature. Joined-at-the-hip to unemployment benefits extension and middle class tax cuts, a long list of measures in the bill are pretty favorable to the real estate industry. The carried interest tax will remain at 15 percent. However, the housing industry failed to obtain an extension of the TCEP program that allows states to trade a portion of unused Low Income Housing Tax Credits for affordable housing grant dollars. Treasury rates increased in expectation of higher budget deficits and economic…
DEAL OF THE DAY: Boston Capital Invests in Affordable Development in San Diego
San Diego–Boston Capital invested in the construction of City View Apartments, a to-be-built, 31-unit multifamily development for families located in San Diego.
DEAL OF THE DAY: CBRE Brokers $9.5M Value-Add Transaction in D.C. Area
Oxon Hill, Md.–CB Richard Ellis arranged the sale of Azalea Woods, a 305-unit apartment community located at 1101 Kennebec Street.
When Does Training Maximize ROI?
Training professionals today say that too often training may not be the most appropriate solution to what are, in fact, performance issues.
DEAL OF THE DAY: Donaldson Group and Equity Partner Buy Value-Add Opportunity from Tarragon
Temple Hills, Md.–The Donaldson Group and Angelo, Gordon & Co. acquired a 459-unit apartment community in Temple Hills, Md. for $38 million in an all-cash transaction.
DEAL OF THE DAY: NorthMarq Arranges $37M Mortgage for Two Phases of Apartment Project
Overland Park, Kan.–NorthMarq Capital has arranged first mortgage financing of $37 million for Stonepost Apartments.
DEAL OF THE DAY: Berkadia Originates $25,230,600 in Fixed-Rate Debt for Chicago Multifamily Property
Chicago–Berkadia Commercial Mortgage originated $25,230,600 in fixed-rate debt through its FHA/HUD program for the refinance and additional construction of Long Grove House, a multifamily property in Chicago.