Nitya Capital used the loan to retire a prior acquisition financing for the 176-unit Capewood Apartments. Arbor Realty Trust originated the seven-year Fannie Mae loan.
GVA Real Estate Group took out an $11.5 million Freddie Mac loan to finance the acquisition. JLL Capital Markets brokered the transaction on behalf of the seller.
Marcus & Millichap facilitated the sale of the 288-unit Aspen Woods in Arlington. The new owner intends to execute a capital improvement program on the property.
HS Development received a HUD 221(d)(4) loan for the 115-unit The Edge at Langham Creek project. MidHudson arranged the transaction, with Greystone as originator.