Finance & Investment
Low Interest Rates’ Impact on Multifamily Financing
MHN caught up with industry veteran Warren Higgins of Berkadia to discuss how the decision to keep interest rates low is affecting the real estate industry, particularly in the multifamily financing realm.
Capstone Capital Closes $10.5M Refi Loan for N.C. Student Housing Community
The financier provided a refinancing loan for The Lofts at Randall, a 216-bed student housing community near the University of North Carolina at Wilmington.
Passco Spends $54M on New Orlando Transit-Oriented Community
The Ivy is the only multifamily community located in Orlando’s Florida Hospital Health Village, home to the nation’s second largest hospital.
Transactions: May 2016
Check out the latest sales and financing deals featured in the May issue of MHN.
HFF Lines Up $48M Acquisition Loan through Freddie Mac
Working on behalf of Abacus Capital Group, HFF arranged financing for the acquisition of The Burlington apartment community in St. Paul, Minn.
Hunt Finances $65M Houston Apartment Acquisition
The community consists of 58 two- and three-story residential buildings, plus a single-story leasing office and maintenance storage shop.
Greysteel Arranges Sale, Acquisition Loan for Texas Multifamily Community
The 59-unit Casa Del Mar community at 3810 W. Walnut St. in Garland, Texas changed hands.
TruAmerica Makes First Foray on East Coast With MD Acquisition
The $187 million deal includes a 1,004-unit apartment portfolio.
Federal Capital Partners Breaks the Ice on Atlanta Multifamily Market
Magnolia at Whitlock and Clarion, two multifamily communities in the Atlanta area, total 369 units and are ready for planned renovations.
Making a Dent in Affordable Needs
The LIHTC program is struggling to keep up with affordable housing needs. How will legislative changes impact its viability? National Equity Fund’s Joseph Hagan weighs in.