Business Specialties
San Diego Senior Housing Lands $82M Refi
Fannie Mae has provided its first Green Rewards loan for Paradise Village, a 394-unit Class A community in National City, Calif.
Sales Brisk at Manhattan Development
Since the topping out of the first of three towers at the Waterline Square residential project in October, GID Development Group reports that the community represent the city’s fastest-selling new development by dollar volume and by the number of units sold in 2017.
Hunt Mortgage Group Refinances NJ Quintet
The company furnished $15.2 million for Freddie Mac Small Balance Loans. Proceeds will be used to continue to improve the properties, as well as finance future acquisitions.
360-Unit Luxury Development Breaks Ground in DC Area
The Sur in Arlington, Va., will comprise 360 high-end apartments, 16,000 square feet of retail and several shared amenities.
Iconic Cleveland Building Changes Hands for $40M
Institutional Property Advisors, a division of Marcus & Millichap, brokered the sale of the 295-unit Statler Arms. Michael Barron, Joshua Wintermute and Daniel Burkons represented the buyer.
Upstate NY Affordable Senior Project Breaks Ground
Durand Senior Apartments in Irondequoit is set to provide 70 units and will include on-site health-care facilities.
IN Affordable Senior Housing Lands $7M in Tax Credits
Historic Sullivan Lofts is slated to include 40 senior housing units and will provide free social services, including physical therapy, medication delivery and off-site transportation to residents 55 and older.
Mixed-Income Asset Coming to Minneapolis
Dougherty Mortgage has closed $42.8 million for Prospect Park Properties and Timberland Partners’ Green on Fourth, a 243-unit community located in the Prospect Park neighborhood.
HFF Arranges Refinancing for TX Community
Working on behalf of Chappell Hill Investment Group Inc., the firm secured a 10-year, fixed-rate loan for Chappell Oaks in Belton.
LDG Secures $38M for Baton Rouge Affordable Housing
Capital One Community Finance and Louisiana Housing Corp. facilitated the financing for Meadows at Nicholson, a 204-unit development.