Business Specialties
Affordable NY Community Lands $20M in Financing
KeyBank secured the loan for the acquisition and development of Mosaic Village in Cohoes. Vecino Group is both the developer and owner of the property.
SF Affordable Property Lands Refi
The new loan, provided by JPMorgan Chase, pays down $11.3 million in construction financing provided by the city in 2001.
New Affordable Housing Project Coming to South Reno
GreenStreet Cos. and Vintage Housing are about to break ground on a 360-unit community dedicated to families earning at or below 60 percent of the area’s median income.
Dallas-Area Community Receives $21M Financing
Berkeley Point Capital secured the loan through Bedrock Capital for the rejuvenation of Broadway Apartments, a 288-unit community in Garland.
Meridian Capital Secures $115M for Brooklyn Asset
Built on a former multi-use site, Hampshire Properties’ 302-unit development will bring a series of upscale amenities to the borough’s largely residential Midwood neighborhood.
Paredim Partners Acquires $27M CT Community
The Arbors at Brighton Park in Bloomfield offers a resident clubhouse, a dog park and a swimming pool. Institutional Property Advisors represented the seller in the transaction.
Bellwether Enterprise Closes $21M in Financing for OH, VA Properties
The deals were part of a larger $38 million financing package that included a hotel and business center.
CBRE Secures $27M for Former MA Chocolate Factory
The historic building close to downtown Mansfield is being redeveloped into a mixed-income, mixed-use property that will contain 130 units.
Grandbridge Finances $52M Student Housing Acquisition
The 264-unit student housing property with 538 beds is located within a mile of a large Midwestern university.
AHV, Bristol Group Begin Construction on TX Single-Family Community
Pradera in San Antonio will offer 250 luxury homes, as well as a swimming pool, a clubhouse and a dog park. Pre-leasing is set to begin during the third quarter of 2018.