Business Specialties
Transactions: June 2020
A short list of recent major investment sales and financings from coast to coast.
New York Assisted Living Facility Lands Construction Financing
Greystone provided the HUD-insured loan for the 84-unit, 110-bed property in Clarence Center.
Walker & Dunlop Arranges Refi for 3 Senior Housing Facilities
The company secured $37 million through HUD’s Lean loan program for properties in Novi, Mich., and Aurora and Kankakee, Ill.
Developers Report Continued Construction Delays
More than half are experiencing setbacks, but a few bright spots are also emerging, according to NMHC’s latest survey.
Urban Realty Partners JV Secures Loan for Atlanta Project
The development at 982 Memorial Drive has broken ground near the Eastside Beltline Trail.
Charlotte Multifamily Wrap-Up – May 2020
Hawthorne Residential sells suburban asset for $50 million. Terwilliger Pappas finalizes $44 million disposition. Catch up with our May list of Charlotte must-reads.
Tzadik Management Closes on $80M Refi
The company secured permanent financing for two apartment portfolios totaling 1,100 units in Sioux Falls, S.D.
Affordable Housing Investment Closes Iowa Portfolio Deal
Kyle Shoemaker and Dan Piatkowski represented both parties in the sale of two senior housing assets in Waterloo.
Suburban Nashville Community Grabs $30M Refi
The 10-year loan retires $40 million in existing debt at the 248-unit garden-style property.
UBS’ Jonathan Woloshin on Americans Prioritizing Rent
With rental collections exceeding 90 percent three weeks into May, the questions everyone is asking are: How long will this trend last and what’s next for the multifamily market?”