TODAY'S DEALS: Boston Capital Closes Tax Credit Fund
Boston Capital closes a $350 million fund, acquires 53 affordable communities; Holliday Fenoglio Fowler lands a marketing contract in Sacramento.
Laticrete Expands Hydro Ban Line of Shower Systems
Laticrete has expanded its offering of pre-formed shower solutions. The lightweight, high-density polystyrene components have a waterproof coating and can be tiled over immediately upon installation.
TODAY'S DEALS: Second Phase of Allegro Breaks Ground in Texas
Behringer Harvard breaks ground on the second phase of a Texas property; and Johnson Capital arranges $75 million for a 1,271-unit portfolio acquisition.
TODAY'S DEALS: American Campus Communities Begins Drexel University Project
American Campus Communities begins a $97.6 million mixed-use development at Drexel University; Marcus & Millichap lists a 137-unit asset in the Bay Area; and KeyBank provides $44 million in Freddie Mac funding for three communities.
TODAY'S DEALS: Steadfast Income REIT Acquires 424-Unit Asset
Steadfast Income REIT acquires its second asset in Iowa; Pembrook arranges rehabilitation financing to the tune of $32 million; and Marcus & Millichap completes a $2.2 million sale at a 8.1 percent cap rate.
TODAY'S DEALS: Charles Dunn Completes $17M L.A. Sale
Charles Dunn Company completes a $17 million sale in Los Angeles; SL Green closes a joint venture acquisition with Stonehenge Partners; and NorthMarq Capital arranges a $20.1 million mortgage/bridge loan for a seniors housing portfolio.
Power Index Podcast – 2012 Most Powerful Mortgage Banking Firms
Mike Ratliff and Jack Kern dissect trends from our 2012 ranking of the Most Powerful Mortgage Banks. Out of all the property sectors, multifamily took the cake when it came to securing financing over the past year.
2012 Most Powerul Mortgage Banking Firms (w/ Podcast)
The results to our 2012 ranking of the Most Powerful Mortgage Banks are in. Take a look at the list and listen to Mike Ratliff and Jack Kern dissect the results. Multifamily landed 47 percent of all lending disclosed by our respondents.
TODAY'S DEALS: RED Finances $72M Loan for Bay Area Community
Red Mortgage Capital funds a $72 million rehabilitation loan; Walker & Dunlop provides $163.8 million for four assets in Connecticut; and Marcus & Millichap provides a $9.2 million cash-out refinancing in transfer of ownership from TIC to LLC.
TODAY'S DEALS: Inland American Breaks Ground on Arizona Student Housing
Inland American Communities breaks ground on a 318-bed student housing community; EdR buys a collegiate housing asset in Oklahoma; and NorthMarq arranges a $19.2 million FHA-insured mortgage.