Finance & Investment - Mid-Atlantic

  • Fairfield Residential Secures $51M for MD Apartments

    The seven-year, fixed-rate Fannie Mae loan for the 386-unit Rock Spring has three years of interest-only payments and five years of yield maintenance with a 1 percent prepayment penalty afterward.

    16 October 2017 13:52
  • Passco Makes 2nd DC Purchase for $113M

    The 360-unit luxury community in Alexandria, Va., is strategically located at the Huntington Metro Station and had a 92 percent occupancy rate at the time of the transaction.

    02 October 2017 17:25
  • JV to Develop 236-Unit DC Community

    Fort Lincoln New Town Corp., The Concordia Group and Buvermo Investments plan a Class A project that will include 36 affordable units.

    22 September 2017 14:01
  • Berkadia Secures $96M for PA, VA Properties

    The company's HUD team secured financing for three properties: $67.1 million for two properties in Philadelphia, the largest HUD 223(f) loans originated in the area in the last five years, and $29.1 million for a property in Richmond, Va.

    20 September 2017 15:57
  • JV Commits $50M to Mid-Atlantic Affordable Housing

    Roughly 4,100 units will preserve their affordability, thanks to a partnership between TIAA and Enterprise Homes. The two companies acquired a 43-property portfolio from The Shelter Group.

    05 September 2017 13:13
  • Greysteel Brokers Sale of DC Regenesis Portfolio

    The five affordable properties include 482 units. President & CEO Ari Firoozabadi, Managing Director Kyle Tangney and Senior Investment Associate Alicia Orkisz arranged the transaction.

    30 August 2017 09:46
  • Waterton Secures DC-Area Luxury Community

    Built in 1992, the 404-unit Citizen at Shirlington Village will undergo renovations to its unit interiors and common areas.

    23 August 2017 14:49
  • AvalonBay Obtains $185M Refi for 3 Properties

    The portfolio features 1,384 units located in Los Angeles, Calif., and in Laurel, Md. Bellwether Enterprise facilitated the loans.

    21 August 2017 17:28
  • Greystone Scores $36M for DE Deal

    The company worked with Fannie Mae and New York Mortgage Trust Inc. to secure financing for Concordia Properties, which purchased Autumn Park, a 360-unit community.

    17 August 2017 14:52
  • Enterprise Homes Triples Footprint with Mid-Atlantic Buy

    Acquired from The Shelter Group, the portfolio comprises 43 communities in Pennsylvania, Maryland and Virginia. Enterprise plans to keep the properties affordable.

    07 August 2017 15:44
  • JV Snags $90M DC-Area Portfolio

    Besyata Investment Group and The Scharf Group purchased The Communities at Arbor Vista in the Washington, D.C., submarket of Adelphi, Md. The partnership plans to modernize both the amenities and units.

    04 August 2017 14:31
  • Bell Partners Snags 308 Units

    Stonebridge Terrace, which will be renamed Bell Stonebridge, is a two-year-old community located within Stonebridge at Potomac Town Center, a half-million-square-foot lifestyle hub.

    19 July 2017 16:11
  • Pillar Provides Freddie Mac Loan for Richmond Community

    The company originated a $10.4 million, 7-year loan for the acquisition of a 348-unit community located in the Bellwood. The asset has an occupancy rate of 97.4 percent.

    19 July 2017 10:04
  • $43M DC Affordable Community to Open Next Spring

    Portner Flats will bring 96 affordable units to the popular U Street Corridor in Northwest, D.C. The project is a public-private partnership between the District, Somerset Development, Jonathan Rose Cos., New Community Partners and other entities.

    03 July 2017 13:57
  • Baltimore Community Lands $73M HUD Construction Loan

    The 317-unit Berkleigh in Middle River is part of Baltimore Crossroads @ 95, a large-scale project that will encompass office space, retail, two hotels, 1,000 homes and two multifamily properties.

    28 June 2017 11:43