Durham Condos Land $11M Construction Loan
The two-year mortgage will finance the development of 25 townhomes close to the city’s downtown.
Greysteel Brokers Sale of DC Affordable Senior Community
President & CEO Ari Firoozabadi and Director Henry Mathies acted on behalf of the seller and also procured the buyer of the 60-unit building.
Creative Realty Sells Jacksonville Community for $20M
The buyer plans to invest $2 million into updates to the 281-unit property’s common areas and amenities.
Philadelphia Luxury Apartments Trade for $22M
The Class A multifamily property delivered in 2015, replacing several 19th-century industrial buildings in the Old City.
Manhattan Senior Housing Community Lands $69M Refi
Greystone facilitated the deal on behalf of the borrower. The loan replaces a prior Fannie Mae note.
Converted Reno Community Refinances
The Fannie Mae mortgage pays down a construction loan taken in 2017 to transform the 46-year-old former office building.
Portland Multifamily Portfolio Trades for $26M
Trion Properties landed $19.1 million in acquisition financing for the 162-unit, suburban value-add portfolio.
Hunt Real Estate Arranges Refi for West Oregon Community
The loan amount is almost double the existing debt from Fannie Mae, which the owner took out 10 years ago.
Grand Peaks Acquires 220-Unit Southeast Denver Community
The property sold for $36 million, almost three times the price it traded for in 2012.
Contour Development Acquires 344-Unit Alabama Asset
The property traded for almost double the price it sold for just last year.