Finance & Investment
The Michaels Org. Brings Affordable Senior Housing to Paradise
Sugar Estate is the first senior development built on St. Thomas through a public-private partnership with the Virgin Islands Housing Authority.
New Affordable Housing Project Coming to Aurora in 2017
Gardner Capital Development will construct an affordable housing community in Aurora’s Centretech neighborhood.
Greystone Arranges $37M Refi for Texas Multifamily Portfolio
The New York City-based company arranged Fannie Mae loans for three multifamily communities located in San Antonio and Austin, Texas.
Washington REIT Acquires Alexandria Apartments for $224M
The community consists of 1,222 units and has the potential for more development.
Lightstone Snags $105M Financing for Luxury Long Island City Project
The two loans will support the construction of a 418-unit luxury community that expands the developer’s Queens portfolio.
Dougherty Mortgage Closes $6.7 Loan for San Antonio Community
The mortgage banking firm arranged a 12-year term Fannie Mae loan for the 128-unit Edge Studio Apartments.
Hunt Mortgage Group Finances 19-Property So-Cal Portfolio
The facilities are all small balance multifamily properties, containing anywhere from eight to 47 units, and loan amounts ranged in size from $750,000 to $4.1 million.
Pillar Originates Fannie Mae Loan for Acquisition of Chesapeake Landing
Chesapeake Landing was acquired with the help of $15.4 million in financing.
Two Ventura County Apartment Properties Refinanced for Nearly $130M
The communities are The Knolls and Westlake Canyon, which total 672 units in Thousand Oaks, a city in southeastern Ventura County in greater LA.
NYSERDA Invests $27M in Affordable Housing Energy Efficiency
The agency is committing funding to improve the energy efficiency of more than 220,000 affordable housing units across New York State.