Deals
TODAY’S DEALS: Largo Arranges Construction Financing for Buffalo Redevelopment
Largo Group of Companies provides construction to permanent financing for a mixed-used redevelopment in Buffalo, N.Y.; PointOne initiates a value-add play with a $12.8 million acquisition in Georgia; and NorthMarq Capital arranges $15.5 million in refinances.
TODAY’S DEALS: Greystone Closes $54.5M Bridge Loan for Hamptons Skilled Nursing Acquisition
Greystone closes a bridge loan for a 280-unit skilled nursing facility; Hybrid Capital arranges $12 million for an affordable housing asset in Camden, N.J.; and Waypoint Residential acquires a Tennessee apartment community.
TODAY’S DEALS: Waterton Picks Up 300 Units in Plano
Waterton Associates grabs a 1999-built asset in Plano, Texas; HFF arranges the sale of a $31.6 million loan secured by a trio of Michigan apartment communities; and NorthMarq secures $10 million for a North Carolina asset.
TODAY’S DEALS: Azure Partners Buys Newark Towers
HFF brokers a high-rise sale in Newark; Venture West Funding refinances six California apartment buildings; and NorthMarq Capital arranges a $10.7 million Freddie Mac refinancing.
MBA Survey: Multifamily Lending Volume Expected to Increase in 2014
A majority of respondents expect loans for CMBS, commercial banks, life companies, and pension funds to increase this year, while loans for Fannie Mae, Freddie Mac and FHA will decrease.
Timberland Acquires Four Properties Totaling 818 Units
Minneapolis-based Timberland Partners acquires a quartet of geographically diverse multifamily properties in December.
TODAY’S DEALS: KeyBank Provides $27.9M for N.C. Community
KeyBank closes $27.9 million for a community in North Carolina; Lee & Associates completes a $3 million sale in Studio City, Calif.; and NorthMarq secures a $13 million CMBS loan.
American Realty Capital Acquires Seniors Housing Asset for $71.3M
American Realty Capital has acquired a Class A seniors housing asset located in Katy, Texas, via an HFF-brokered transaction.
TODAY’S DEALS: RADCO Completes an Oklahoma Apartment Acquisition
The RADCO Companies acquires a 284-unit asset in Tulsa, Okla.; Centerline refinances four properties in Ohio; and Beech Street Capital closes a $5.9 million refinance for an apartment in Tulsa, Okla.
Carroll Organization Acquires Jacksonville Luxury Apartment Property
Carroll Organization is bullish on Jacksonville, Fla., and gives MHN details on its third acquisition in the city since the beginning of 2013.