Business Specialties
Berkadia Arranges $22M for SoCal Community
The company secured a seven-year Freddie Mac acquisition loan for Interstate Equities Corp.’s purchase of the 133-unit Verse La Mesa in La Mesa, Calif.
Raintree Lands $218M Refi for CA Community
Capital One arranged the refinancing for Encasa Apartments, a 465-unit community in Sunnyvale, Calif. The property will receive 10-year, Fannie Mae fixed-rate loans that have 10 years of interest-only payments.
Related Midwest Unveils Chicago Luxury Tower
Landmark West Loop, located in the West Loop neighborhood, is a 31-story, 300-unit community designed by architect Morris Adjmi.
Castle Lanterra Buys in Denver Metro
Built in 1972, Sunset Ridge Townhomes in Westminster, Colo., includes 280 units featuring a mixture of two-bedroom and townhome units.
Public Housing Goes Green
The financial challenges of operating permanently affordable housing seem inevitable, but a growing number of public housing authorities are embracing sustainability projects to offset costs, increase operating efficiency and improve residents’ quality of life, according to panelists at the 2017 Greenbuild conference.
JPI Closes Financing for Upscale TX Community
Located in the Las Colinas neighborhood of Irving, Texas, Jefferson Promenade will include 387 units. The property will be located close to the 1,000-acre Cypress Waters master-planned development.
Phoenix Condo Project Site Trades for $1.6M
ABI Multifamily facilitated the land sale, which includes the planned development of a three-story, 16-unit luxury community called Aeries Townhomes.
Hunt Secures Fannie Mae Loan for TX Portfolio
The sponsors obtained two loans to refinance the 888-unit, three-property portfolio. The proceeds will pay for energy- and water-saving improvements.
Carroll Organization Closes Sale of 180-Unit FL Asset
The 180-unit ARIUM San Remo features two- and three-bedroom townhomes ranging from 1,141 to 1,517 square feet. The company acquired the property in April 2014 as part of its Carroll Multifamily Real Estate Fund III LP.
JPI Scores $136M Loan for CA Apartments
Jefferson Platinum Triangle, a 400-unit property in Anaheim, will include a gym with a yoga studio, two resort-style pools with spas, a media room, a dog wash station and 730 parking spaces.