DEAL OF THE DAY: NorthMarq Arranges 35-Year, $15M Mortgage via AmeriSphere
Memphis, Tenn.–Sam Berns, senior vice president and managing director of NorthMarq Capital’s Upstate New York Regional office arranged first mortgage financing in the amount of $15,002,500 for Crescent at Wolfchase, a 200-unit multifamily property located here.
DEAL OF THE DAY: Hendricks & Partners Oversees $1.7M Sale by Bankruptcy Trustee
Glendale, Ariz.- Hendricks & Partners participated the sale of The Courtyards Apartments, located at 6502 West Olive Avenue in Glendale, Ariz. The 108-unit apartment community was sold for $1,700,000.
DEALS OF THE DAY: Waterton Buys $109.5M in Debt Backed by 4 Assets in North Carolina, California
Chicago– Waterton Residential has acquired $109.5 million of debt secured by four prime multifamily properties located in North Carolina and California.
DEAL OF THE DAY: Charles Dunn Closes on $6.35M Sale of Small Apt. Property
Westwood, Calif.–Hamid Soroudi and Ramin Gheitanchi of Charles Dunn Company’s West Los Angeles office recently closed a 24-unit luxury apartment for $6.35 million.
DEAL OF THE DAY: Palatine Capital Generates 19.3% IRR on Sale of Boston Assets in Value-Add Play
Boston–Palatine Capital Partners has sold two Boston multifamily properties for $7,350,000. The two properties, totaling 40 units, were acquired in the winter of 2007 and were sold to a local buyer last month. The investment generated a 19.3 percent IRR to Palatine.
DEAL OF THE DAY: HFF Arranges $23M in Construction Financing, Equity for Suburban Community
West Goshen, Pa.–The Washington, D.C. and New Jersey offices of HFF have arranged construction financing and joint venture equity for Jefferson at West Goshen, a to-be-built, 230-unit luxury multi-housing community in West Goshen, Pa.
DEAL OF THE DAY: Boston Capital Supplies Capital for Affordable Housing Development
Jackson, N.J.–Boston Capital invested in the construction of Windsor Crescent, a to-be-built, 112-unit multifamily development located in Jackson, N.J. The general partner is Community Investment Strategies Inc. (CIS).
DEAL OF THE DAY: Hendricks & Partners Arranges $3.2M REO Sale for Bank
Oakland, Calif.‑Hendricks & Partners arranged what it said was the largest East Bay REO sale in 2010. The two apartment communities, Pinecrest and Garden View Apartments, totaled 96 units and were sold for $3,200,000.
DEAL OF THE DAY: Walter Investment Buys $6.3M in Loans Held by Pool of Mortgages
Tampa–Walter Investment Management Corp. completed the purchase of a pool of residential first-lien mortgage loans utilizing $6.3 million of proceeds from its equity offering.
DEAL OF THE DAY: Red Completes $136M Fannie Mae Refinance Loan for 10-State Portfolio Acquisition
Columbus, Ohio–Red Mortgage Capital, LLC, the mortgage banking arm of comprehensive capital provider, Red Capital Group, recently closed a $136 million-plus transaction on a pool of 11 assets located across 10 states nationwide.