DEAL OF THE DAY: Beech Street Funds $13M Refinancing with Interest-Only Feature
Queens, N.Y.–Beech Street Capital LLC provided $13 million in permanent financing for the refinance of Alpine Gardens Apartments in Queens, N.Y.
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DEAL OF THE DAY: KeyBank Provides $10M in Refinancing
Philadelphia–KeyBank Real Estate Capital recently provided approximately $10 million in Fannie Mae and Freddie Mac funding for the refinancing of two multifamily properties in the Northeast.
DEAL OF THE DAY: Marcus & Millichap Helps Meet Borrowers’ Needs in $6.78M Refinances
Canoga Park, Calif. – Marcus & Millichap Capital Corporation (MMCC) has arranged $6,775,000 in loans to refinance two multifamily assets. The properties and loan amounts are: a 44-unit apartment complex in Canoga Park, Calif., for $3,000,000, and a 132-unit multifamily property in Hurst, Texas, for $3,775,000. Sharone Sabar, a director in the firm’s Encino office, arranged the loans.
DEAL OF THE DAY: Bernard Financial Originates $9.76M Loan for Prudential Huntoon Paige
Roseville, Mich.–Bernard Financial Group arranged a $9,760,700 loan for the Kensington Place Apartments.
DEAL OF THE DAY: George Smith Arranges Interest-Only Financing, Finds Buyer for Borrower
Redlands, Calif.–George Smith Partners arranged $12.8 million in Freddie Mac financing and a $16.6 million sale for a 198-unit, Class B multifamily property in Redlands, Calif., announces David Rifkind and Steve Bram, principals and managing directors of George Smith Partners.
DEAL OF THE DAY: NorthMarq Arranges $24M Refi which Retires $18M of Existing Debt; Borrower Opts for Prepay to Take Advantage of Low Interest
Edgewater, Fla.–Andy Moses, senior vice president and senior director of NorthMarq Capital’s Orlando Regional office, and Melissa Marcolini-Quinn, assistant vice president and senior investment analyst, arranged first mortgage financing of $24 million for Hacienda Del Rio, a 730-pad manufactured housing complex located here.
DEAL OF THE DAY: Arbor Locks in 5.95% for 10-Year Terms on Two Small Loans
McKinleyville, Calif. –Arbor Commercial Funding LLC recently oversaw the funding of two loans under the Fannie Mae DUS Small Loan product line.
DEAL OF THE DAY: Colliers Participates in Sale of Multifamily Property in Calif. for $448,889/Unit
San Clemente, Calif.–Colliers International directed the sale of a three-building, nine-unit apartment complex located at 265 W. Marquita here. The transaction was valued at $4,040,000 or $448,889 per unit.