Cities
Houston Multifamily Report – Spring 2020
While investor appetite remained high in the first quarter, low oil prices and the health crisis could spell issues for the metro’s rental market.
Northeast Seattle Community Receives $25M Refi
The Freddie Mac loan pays down a 2015 mortgage of roughly the same amount from Opus Bank.
Sussex Capital Sells Suburban Los Angeles Community
HomeStreet Bank provided the buyer with a $7.2 million, long-term acquisition loan.
Suburban Seattle Community Trades for $21M
The new owner financed the purchase with a Fannie Mae loan provided by Greystone.
Philadelphia-Area Community Lands $77M Refi
Greystone originated the Fannie Mae loan on behalf of the borrower, Lindy Property Management.
JDP Launches Illinois Student Housing Project
ICON will serve students attending the University of Illinois at Urbana-Champaign campus and is scheduled for completion by August 2021.
Mill Creek Breaks Ground on Orlando Community
The developer will begin work on the 292-unit Modera Creative Village with first move-ins expected in early 2022.
Albuquerque Apartment Portfolio Changes Hands
The buyer of the Class C communities’ 420 units assumed the seller’s CMBS financing as part of the deal.
Woodmont Properties Sells New Jersey Community for $44M
The buyer received nearly $33 million in acquisition financing from Kearny Bank.
Suburban Nashville Apartments Land $30M Loan
Walker & Dunlop provided the Fannie Mae loan for the 238-unit Class A property in Goodlettsville.