Multifamily news in Finance & Investment - Cincinnati
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City Club Secures $69M Refi for Cincinnati Mixed-Use Property
Asia Capital Real Estate provided the loan for the 294-unit building that formerly served as office space.
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Cincinnati Senior Housing Project Gets $24M
The 82-unit senior community will offer assisted living, memory care and rehabilitation services. The development is slated for completion in early 2021, at the latest.
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NKF Originates $11M in Refinancing for Cincinnati Asset
Eleven Hundred, a Shamrock Communities property since 2015, was subject to a prior 12-year Fannie Mae loan with SunTrust Bank.
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2-State Portfolio Lands $125M Loan
Greystone originated the Fannie Mae financing for the 1,383-unit portfolio across Pennsylvania and Kentucky. As part of the recapitalization effort, Bayshore Properties has taken a 50 percent stake in the assets.
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NorthMarq Arranges Refi for Cincinnati’s Lytle Tower
Senior Vice President Noah Juran negotiated the loan on behalf of Rookwood Properties, the owner of the 11-story Lytle Tower.
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Wallick Secures $49M for Ohio Properties
Merchants Capital arranged the bridge financing for three assisted living properties totaling 363 units in Columbus and Cincinnati, as demand for affordable senior housing grows more acute.
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Fully Affordable Portfolio Trades in OH
Independent Management Services purchased Shelton Gardens and Reids Valley View Manor for $4.8 million. The two assets have 254 units combined.
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URS Capital Sells Cincinnati-Area Community
PGIM Real Estate Finance provided the new owner with a 12-year, Fannie Mae acquisition loan of more than $14 million.
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Affordable Cincinnati Community Changes Hands
Related Cos. purchased Alms Hill for $3.2 million. Originally completed in 1925, the 200-unit asset in Walnut Hills once served as a luxury hotel.
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Bellwether Enterprise Closes $21M in Financing for OH, VA Properties
The deals were part of a larger $38 million financing package that included a hotel and business center.
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CBRE Provides $14M for Historic Cincinnati Asset
The company closed the refinancing of The Reserve at 4th and Race, an 88-unit community in the CBD. Mark Tran, senior vice president of CBRE Columbus, originated the loan.
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MedEquities Buys IN Skilled Nursing Facilities
Magnolia Health Systems sold the assets for $15 million in cash and will lease them back on a triple-net basis for 15 years.
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Dougherty Closes $12M HUD Loan for OH Community
Meadow View Townhomes is a 128-unit property located in in Goshen. All units are restricted to residents earning 60 percent or less of the area's median income.
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Dougherty Secures $15M HUD Loan for Ohio Community
Olive Branch Townhomes, a 176-unit affordable housing property in Batavia, Ohio, will benefit from the refinancing. Dominium Development & Acquisition is the sponsor of the project.
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MPE Partners Receives Funding to Acquire Cincinnati Apartments
Hunt Mortgage Group secured acquisition financing from Freddie Mac for 170 garden-style units on two parcels totaling about 8.5 acres. The property consists of eight residential buildings plus a leasing office and maintenance building.