RISE Properties JV Pays $67M for Seattle Community
The buyer of the 185-unit multifamily asset assumed a $35 million loan which Cigna had originated in 2017.
Jacksonville, Orlando Communities Trade for $72M
JLL provided more than $52 million in Freddie Mac acquisition financing for the 544-unit portfolio.
Affordable Staten Island Assets Land $12M Loan
Pembrook Capital Management provided the financing for the acquisition and renovation of two rent-controlled communities.
Charlotte Multifamily Wrap-Up – June 2020
Luxury asset trades for $20 million. RKW expands management portfolio. Here’s our June selection of Charlotte must-knows.
TriBridge Secures $42M Nashville Community Refi
The 255-unit community’s new Fannie Mae note retires $30 million in development financing from Cadence Bank.
Minneapolis Community Receives $28M Refi
JLL provided a 10-year, fixed-rate Fannie Mae loan for the 456-unit The Cliffs at Minnetonka.
Brooklyn Affordable Project Lands $72M Loan
The New York State Housing Finance Agency provided the bulk of the funds for the 160-unit development, one component of a 4,000-home housing initiative in the borough.
CBRE Brokers Sale of East Phoenix Community
Jeff Seaman, Brian Smuckler, Derek Smigiel and Bryson Fricke negotiated on behalf of both parties.
Primerica Group One Lands $34M Refi for Tampa-Area Community
The 252-unit development is situated on 32 acres in Land O’Lakes, Fla.
Suburban Jacksonville Community Gets $15M Refi
Walker & Dunlop provided the new mortgage for the 423-unit property, retiring two CMBS loans of more than $21 million.