Deals
Multi-Housing News: Inside the September 2014 Issue
Read the articles from the latest digital issue of Multi-Housing News.
Housing Crunch
Raising the Low Income Housing Tax Credit cap could mean more production opportunities for developers.
TODAY’S DEALS: Kennedy Wilson Acquires 118 Units South of Seattle
Kennedy Wilson completes a $20.8 million acquisition in Turnwater, Wash.; Hunt Mortgage Group refinances an affordable seniors asset in Pennsylvania; and NorthMarq Capital arranges a seven-year, $22.8 million acquisition loan.
U.S. Mortgage Delinquencies Dropped, According to TransUnion
In its latest mortgage report, financial data specialist TransUnion says that U.S. mortgage delinquencies have dropped for the 10th consecutive quarter to 3.46 percent at the end of the second quarter of 2014. In the third quarter of 2013, the delinquency rate was 4.32 percent.
TODAY’S DEALS: Cushman & Wakefield Arranges $82.4M in Portfolio Acquisition Capital for LCB Senior Living
Cushman & Wakefield arranged $82.4 million of acquisition financing; RADCO buys 553 units in metro Atlanta; and Greeysteel arranges an apartment transaction in Silver Spring, Md.
TODAY’S DEALS: NorthMarq Arranges $21.8M for California Affordable Housing
NorthMarq refinances two assets in Alameda, Calif.; Marcus & Millichap closes the sale of Imperial Crown apartments; and Berkadia originates $34 million for a multifamily property on Long Island, N.Y.
TODAY’S DEALS: Investors Bank Maintains Strong MF Volume in 2Q14
Investors Bank maintains a strong multifamily lending pipeline during the second quarter; Marcus & Millichap brokers the sale of a 120-unit asset in Victoria, Texas; and NorthMarq negotiates a $13 million refinance.
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.
Multi-Housing News: Inside the July 2014 Issue
Read the articles from the latest digital issue of Multi-Housing News.