Finance & Investment

Berkadia Arranges $19M Refi for Tucson Property

The 10-year loan arranged by Managing Director Ed Kim features five years of interest-only at a 75 percent loan-to-value ratio and a 30-year amortization period.

Market Rate

Hunt Mortgage Closes $37M Denver Construction Loan

Located at the corner of West 38th Avenue and Upham Street, West End 38 is slated to include 165 units and roughly 7,200 square feet of retail space.

Market Rate

Sims Mortgage Obtains $26M HUD Loan for New Orleans Project

The proposed 178-unit community, Elan at Terra Bella, will be designed to meet green building standards, thus enabling a much lower mortgage insurance premium of .25 percent.

Affordable

Regions

Change City

Houston Apartment Portfolio Attracts Competitive Offers

Florida-based One Real Estate Investment has purchased Houston Southwest Two Pack, which comprises Airport Gardens and Airport Landing, totaling 412 units.
Houston 15 June 2018 18:59
Baltimore-Area Community Changes Hands for $8M

Built in 1946, the 93-unit property provides two-bedroom units and 12 garages. The new owner plans to continue the interior renovation of the apartments and make improvements to common area amenities.
Baltimore 15 June 2018 16:04
Changing the Perception of Affordable Housing

Affordable housing goes beyond the concept of Section 8 housing and government assistance. Industry experts at the National Apartment Association’s Apartmentalize conference shared the benefits that this asset class can bring to a neighborhood.
San Diego 15 June 2018 15:08
Orange County Community Sells for $28M

Marcus & Millichap has arranged the sale on behalf of Stellko Properties, a 1031 exchange buyer. The acquisition was financed with $14.7 million.
Orange County 15 June 2018 14:57
Brooklyn Luxury Community Receives $68M

Canadian Imperial Bank of Commerce originated the two-year loan for Trinity Place Holdings' building, which features 105 units and 6,200 square feet of retail space.
New York 15 June 2018 10:22
Supply vs. Demand: Multifamily’s Tug of War

At the National Apartment Association's Apartmentalize conference in San Diego, experts shed light on generational changes, rent control and other crucial issues facing the industry.
San Diego 14 June 2018 15:46
Walker & Dunlop Secures $40M for Hotel-to-Multifamily Makeover

The firm structured equity and debt financing for The Mark, a 227-unit community in Alexandria, Va. Northpoint Realty Partners and Persimmon Capital Partners are the project sponsors.
Washington Dc 14 June 2018 15:23