DEAL OF THE DAY: Hendricks & Partners Negotiates Sale of Active-Adult Mixed-Use Apartments for $18.75M
Hendricks & Partners participated in the sale of FountainGlen at The Villa, located at 4000 South El Camino Real in San Mateo, Calif. The 135-unit mixed-use senior apartment and retail community was sold for $18,750,000.
DEAL OF THE DAY: Walker & Dunlop Closes $35.7M Refi Loan
Santa Clara, Calif.–Walker & Dunlop provided a $35,700,000 long-term loan for Bella Vista Apartments.
DEAL OF THE DAY: Bernard Financial Obtains $3.75M for Apartments Via Life Company
Bernard Financial Group has arranged a $3,750,000 loan for the Andover Park Apartments. This 215 unit garden style apartment property is located in Greenville, S. C. The borrowing entity is Andover Park Apartments LP. The loan was originated by Dennis Bernard and Kevin Kovachevich.
DEAL OF THE DAY: HFF Participates in GE Capital, Allied Realty Apartment Sale, Borrower Financing
The Houston office of HFF (Holliday Fenoglio Fowler LP) says it has closed the sale of, and arranged financing for, The Retreat at Cinco Ranch, a 268-unit, Class A multi-housing community in Katy, Texas.
DEAL OF THE DAY: Occupancy Offset by Low Leverage in Arbor’s $1.5M Fannie Mae Small Loan
Pittsburg, Calif – Arbor Commercial Funding LLC recently funded a $1.5 million loan under the Fannie Mae DUS Small Loan product line.
The Art of Budgeting
Preparing this critical tool for the upcoming year is an exercise in forecasting incomes and expenses
DEAL OF THE DAY: NorthMarq Arranges $25.388M, Interest-Only, Fannie Mae Loan through AmeriSphere
NorthMarq Capital’s San Francisco regional office has arranged a $25.388 million first mortgage for Jefferson at Carmel Mountain Ranch.
‘Foong on Finance’ with Keat Foong: Economic Recovery Reversing Itself?
The commercial real estate sectors are showing greater optimism, and investment activity is starting to come to life again. The latest National Multi Housing Council (NMHC) Quarterly Survey of Market Conditions released in May showed “widespread improvement” in the apartment sector. The apartment sales volume index even increased to a record, of 72 from 56. In the midst of the newfound optimism, we have news this week that the national economic recovery is slowing. Some experts even say the consumer spending slowdown will last through 2011. Will this economic reversal continue into future months, and take a bite out of…
DEAL OF THE DAY: ARA Brokers Student Housing Sale; Properties to be Repositioned
Atlanta-headquartered ARA recently arranged the sale of two multifamily communities in Huntsville, Texas: Cornerstone Apartment Homes with 84 units, and Woodcreek Apartment Resort with 196 units.
DEAL OF THE DAY: Beech Street Capital Provides $28.4M Refinance for Two Manhattan High Rises
Beech Street Capital LLC provided $28.4 million in permanent financing for the refinance of two multifamily properties in New York.