Multifamily news in Finance & Investment - New Orleans
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New Orleans Community Lands Fannie Mae Refi
The $7.7 million financing will be used to retire an existing debt taken out in 2013.
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Baton Rouge Community Sells for $21M
The 184-unit Live Oaks Apartment Homes landed a $15.4 million Fannie Mae Green Rewards acquisition loan.
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Carter Multifamily Acquires Louisiana Asset for $35M
Completed last year, the 288-unit Reagan Crossing is located west of Covington’s main commercial intersection.
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Baton Rouge Properties Trade for $27M
Timberline Capital purchased Copper Ridge and Magnolia Trace, two properties in Louisiana totaling 559 units. Berkadia arranged acquisition financing on behalf of the buyer.
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Elevation Financial Sells Baton Rouge, LA, Community for $16M
Following the 2016 acquisition of the asset, Elevation invested $3.8 million in a thorough renovation which included the restoration of 160 units and rebuilding of 10 units.
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Domain Cos. Breaks Ground on 29-Story Tower in New Orleans
The developer tapped several financing partners for the $106 million investment. The project joins the company's four other completed communities within the South Market development.
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On the Market: 5 Interesting Listings for the Week of 6/18
This week's listings include an affordable community in Baton Rouge, La., and a Washington, D.C.-area property that recently received capital improvements.
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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.
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Marcus & Millichap Capital Arranges $22M for New Orleans Property
Oakmont Apartments is a 336-unit garden-style community that includes a swimming pool, a sundeck and a tennis court.
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KeyBank Secures Financing for 2 Student Housing Assets
Trevor Ritter of Key’s Commercial Mortgage Group arranged the Freddie Mac loan for Oakbrook Apartments and Eagle Landing Apartments, totaling 384 units.
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CBRE Secures $29M for Baton Rouge Community
The bridge loan will allow the borrowers to complete construction on River House Apartments, a 244-unit community with retail and office space, adjacent to the the Water Campus research park.
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AVR Realty Sells $250M Portfolio
El-Ad National Properties acquired the nine-property portfolio consisting of pet-friendly communities in Lafayette, Shreveport and Slidell, La., totaling 2,079 units.
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Dougherty Arranges Refi for Louisiana Community
The 17.6-year Fannie Mae loan originated by Dougherty’s Minneapolis office has a 30-year amortization schedule. The $1.3 million financing will be utilized to refinance an 80-unit residential property.
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Bellwether Enterprise Closes $31M Loan for Affordable Housing in New Orleans
Village of Versailles will feature 400 affordable units by the end of 2017, restoring some of the housing stock lost during Hurricane Katrina.
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$1.2B Huey P. Long Bridge Widening to Usher in New Development in Greater New Orleans
One of the biggest and most ambitious projects in the Greater New Orleans area, as well as the State of Louisiana has now completed.