Finance & Investment
New Workforce Housing is Uniquely Green
Creating a sustainable, high-energy efficient community in Mountain View, Calif.
TODAY’S DEALS: KeyBank Real Estate Capital Provides $215M in Senior Debt
KeyBank finances a 1,284-unit mixed-income housing community; Crown Bay Group completes its first Atlanta acquisition; and Faith Investment Properties closes three sales valued at $28 million.
Berkadia Becomes Freddie Mac TAH Seller/Servicer
Freddie Mac has tapped Berkadia as a formally designated and licensed Freddie Mac Multifamily Targeted Affordable Housing Seller/Servicer. New York-based Berkadia is one of only 13 lenders in the country to earn the designation.
CPC Helps Keep NYC Community Affordable
With funding through Freddie Mac, Community Preservation Corporation has closed on a $40 million loan for the refinancing of Cathedral Parkway Towers. Refinancing helps prevent otherwise unavoidable rent increases that would have resulted from escalating operating costs at the 309-unit Mitchell-Lama project on West 110th Street in New York City.
Fannie Mae’s Property Guidelines Adjustment
Fannie Mae has made two extensive revisions to the Property Condition Assessment guidelines.
Successful Structures
CBRE’s Trehubenko favors transparency, patience and clarity when structuring complex affordable housing financing.
ResiModel Announces Additions to Client Roster
ResiModel, a platform for aggregating, standardizing and analyzing financial data for multifamily transactions, reported a roster of clients that it onboarded during the first quarter of 2015.
Fannie Mae Honored by EPA as a 2015 ENERGY STAR(r) Partner of the Year
The U.S. Environmental Protection Agency (EPA) has recognized Fannie Mae with a 2015 ENERGY STAR® Partner of the Year – Energy Efficiency Program Delivery Award for its outstanding efforts to increase adoption of energy-efficient policies and practices in multifamily housing.
Donaldson: NorthMarq Acquisition of AmeriSphere Enhances Operations
NorthMarq Capital’s absorption of AmeriSphere brings the two organizations together as one streamlined execution, says Jayson Donaldson, president of NorthMarq Capital Finance.
Crowd-Investing Platform Gives Investors Ability to Sell their Private Placement Interests
One of the growing numbers of crowd investing platforms has launched a capability aimed at providing real estate investors with greater liquidity.