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TODAY’S DEAL: Oak Grove Capital Arranges $82M Financing in Manhattan
Oak Grove Capital completes refinancing for a mixed-income high-rise on the Upper West Side; and Walker & Dunlop provides a $42 million Freddie Mac loan.
TODAY’S DEALS: Grandbridge Facilitates Non-Recourse Bridge Loan
Grandbridge Real Estate Capital completes a fixed-rate non-recourse loan secured by Thunderbird Retirement Resort; and R3 Funding closes a fifth funding deal in Rochester in the past year.
TODAY’S DEALS: HFF Secures $46.73M 30-Year, Fixed-Rate Permanent Loan from M&T Bank
HFF announces it has secured $46.73 million in financing for the recently completed The Trails at Timberline; and BMC Capital provides a $4.8 million loan for a Houston property.
TODAY’S DEALS: Hunt Mortgage Provides $6M, Full-Term Interest-Only, Bridge Loan
Hunt Mortgage Group announces that it has provided a $6 million bridge loan to refinance Sun Bay Apartments; and Colliers completes the sale of a 228-unit Class B property in Austin, Texas.
TODAY’S DEALS: Marcus & Millichap Brokers $15.5M Sale of NYC Building
Marcus & Millichap arranges the sale of 974 Saint Nicholas Ave., a six-story elevator building in the up-and-coming Washington Heights neighborhood; and Hunt Mortgage advances a seven-year ARM for a property in a “solid” market.
Providence Investments Purchases 194-Unit Pensacola Apartments
Providence Investments of Birmingham, Ala., has bought Heritage Apartments, a 194-unit multifamily property in Pensacola, Fla.
Waterton Re-Enters Seattle Market with Martha Lake Apartments Purchase
Waterton Associates purchases the 155-unit garden-style apartment community situated about 15 miles from downtown Seattle.
Economy Watch: US Economic Growth Surges in Q3
Real U.S. gross domestic product increased at an annualized rate of 5 percent; single-family home sales fall; and total income increase.
Exurban Orlando Apartments Sell for $14M
Equus Capital Partners Ltd. sold the 224-unit property to Bluerock Partners for $14.3 million.
Security Properties Acquires Affordable Apartments for $13.2M
Security Properties has teamed with Enterprise Community Investment Inc. and the Colorado Springs Housing Authority to acquire Winfield Apartments.




