DEAL OF THE DAY: NorthMarq Finds $12.29M in Permanent Financing for Distressed Property
Las Vegas–NorthMarq Capital’s San Diego regional office arranged first mortgage financing of $12.293 million for Summerlin Entrada Apartments.
DEAL OF THE DAY: Alcole Capital Obtains $17.2M Loan from Global Lender
San Diego–Alcole Capital Group arranged $17.2 million for the refinance of a 262-unit multifamily property in San Diego.
DEAL OF THE DAY: Walker & Dunlop Closes $5.84M TIC Acquisition Loan
Walker & Dunlop provided a $5,840,000 acquisition loan for Mustang Creek Apartments located in Arlington, Texas.
DEAL OF THE DAY: HFF Brokers Purchase and Financing of REO Class A Community Sold by Bank
League City, Texas–HFF (Holliday Fenoglio Fowler LP) has closed on the sale of Broadstone Walker Commons, and arranged the financing for the property.
DEAL OF THE DAY: Beech Street Capital Supplies $7.5M Refi Loan for Miami Property
Miami–Beech Street Capital LLC provided a $7.5 million Fannie Mae DUS Loan for the refinance of a Palm Place Apartments located in Miami.
‘Foong on Finance’ with Keat Foong: What will be the Unemployment Rate in 2013?
Like many industries, the apartment sector relies ultimately on job growth to drive demand for its products. In its recent white paper, NAI Global points to a projection that by mid-2013, the U.S. will see the same number of jobs as at the beginning of September 2008. That does not appear exactly to be good news, when you think that every year new people also enter the labor force. (The U.S. population continues to grow every year and is projected to reach almost half a billion in 30 years’ time.) Can the trend of weak job creation be sufficiently…
DEAL OF THE DAY: HFF Facilitates $10.7M Fixed-Rate Refi at 5.18% Interest
Tempe, Ariz.–HFF (Holliday Fenoglio Fowler LP) has secured $10.7 million in financing through Freddie Mac for Monarch at Tempe.
DEAL OF THE DAY: Deutsche Bank Provides $81.9M Refinancing for Senior Housing Portfolio
Houston–Deutsche Bank Berkshire Mortgage (DBBM) recently provided an $81.9 million loan for the refi of eight skilled nursing facilities in Texas.
Malcolm Gladwell Speaks at Colliers International’s First Global Leadership Summit
York‑Colliers held its first annual Global Leadership Summit in Manhattan recently. The three-day meeting, which brought together clients and Colliers brokers from all over the world, concluded with a talk by best-selling author Malcolm Gladwell at the Jazz at Lincoln Center theater.
DEAL OF THE DAY: Hendricks & Partners Helps Bank of America Sell Michigan REO Portfolio
Detroit–Hendricks & Partners has completed the sale of the Greenfield Portfolio, located in Detroit.