Cities
TODAY’S DEALS: Capital One Multifamily Provides Intercontinental with Acquisition Loans
Capital One Multifamily provides Intercontinental Real Estate with acquisition financing; a partnership between The Dolben Company and Klein Enterprises buys a Maryland asset and begins construction on its second phase; and HFF closes the $38.9 million sale of a property in Miami.
TODAY’S DEALS: Meridian Capital, Capital One Arrange $64M Interest-Only, Cash-out Refinance
Meridian Capital Group, in partnership with Capital One Multifamily Finance, negotiates the $64 million refinancing of Palm Island; and a Hollywood apartment building trades hands for $3.4 million.
TODAY’S DEALS: Hunt Mortgage Group Refinances Two Houston Assets
Hunt Mortgage Group (formerly Centerline) provides $12.5 million to refinance two Houston apartment assets; Walker & Dunlop structures $56 million in HUD financing for a Louisiana portfolio; and Meridian Capital arranges a $31.6 million financing with cash-out and reduced prepay penalty.
TODAY’S DEALS: Colliers’ Cooke Team Brokers $168.5M Phoenix Portfolio Sale
Colliers’ Cooke Team completes the largest Phoenix multifamily portfolio sale year-to-date; Charles Dunn Company brokers a $6.9 million sale in California’s San Fernando Valley; and Besen & Associates brokers the sales of two Manhattan buildings.
TODAY’S DEALS: Kislak Completes $136M Multifamily Property Sale–Largest in New Jersey Since ‘11
The Kislak Co. Inc. announced the $136 million sale of Rachel Gardens, a 764-unit apartment community on more than 98 acres in the Pine Brook section of Montville, N.J.; and NorthMarq Capital supplies a $10.6 million refinance for a Chicago redevelopment.
TODAY’S DEALS: HFF Arranges $95M Construction Loan for Hi-Rise in Reston, Va.
HFF arranged a bank construction loan of $95 million for the development of BLVD at Reston Station; and Red Mortgage funds a $31M FHA supplemental loan for a new construction.
TODAY’S DEALS: NorthMarq Dallas Office Arranges Refinances Totaling $78.49M for Borrower
NorthMarq Capital negotiates refinancing of two properties in Colorado and Georgia; and Madison Realty sells a Manhattan portfolio for $23.4 million following the doubling of property values.
TODAY’S DEALS: Pillar Originates $20.7M HUD Loan
Pillar originates a $20.7 million acquisition and rehabilitation loan for an affordable asset in Michigan; HFF arranges $8.5 million for a 244-unit community in Tampa; and Boston Capital provides capital for two LIHTC properties in North Carolina.
San Francisco Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and MHN’s research editor Jack Kern discuss San Francisco apartment market fundamentals in this edition of our market research podcast hosted by Mike Ratliff.
TODAY’S DEALS: Charles Dunn Sale Breaks Per Unit Price in LA’s Faircrest Heights
A 17-unit asset sets a per unit price record in an L.A. neighborhood; Meridian Capital arranges $21.7 million in financing for Pantzer’s acquisition of a Philadelphia property; and the Collier Companies buys a Tampa apartment with plans for a student housing redevelopment.