Finance & Investment
TODAY’S DEALS: Amerisphere, NorthMarq Close $20.2M in for Three Assets
NorthMarq and Amerisphere place Fannie Mae financing for 1,078 units; Capital One refinances a manufactured home community near Detroit; and NXT Capital provides a $20.4 million first mortgage.
MIPIM Special Report: Five Cities that Lead the Way
Cities need to leave the traditional concept of competition behind and embrace the notion of teamwork on a regional scale.
TODAY’S DEALS: Massachusetts Buyer Finds Value Outside Atlanta
Aspen Square Management buys 440 units in Peachtree Corners, Ga.; Berkeley Point arranges $24.2 million for a senior housing asset in Utah; and Capital One Bank closes a Fannie Mae loan for manufactured housing.
TODAY’S DEALS: PAC Grabs Newly Built Sarasota Asset
Preferred Apartment Communities grabs 237-units; CIT arranges financing for a Queens development; and Aries Capital obtains a refinance containing a $1.1 million cash out.
TODAY’S DEALS: Financing a New Pedigree of Multifamily in Denver
A joint venture lands a 65-percent LTC construction loan in Denver; Miracle Mile multifamily trades for $23.5 million; and Walker & Dunlop originates a full-term interest-only loan for CAPREIT.
Freddie Mac Closes Largest MHC Portfolio with Walker & Dunlop
Walker & Dunlop Inc. announced the closing of a $177 million loan portfolio with Sun Communities (Sun) that includes 13 manufactured housing communities in Michigan, Colorado, Minnesota, Wisconsin and Florida.
Competition to Finance Multifamily Will be Keener than Ever in ’15
Multifamily lending is the still dominated by Fannie Mae and Freddie Mac, but other lenders are increasingly important in the space, according to a recent report by JLL.
Economy Watch: Fannie Mae Predicting Softer Multifamily Markets
Fannie Mae is mostly optimistic about the state of the multifamily industry in 2015 and beyond, but it doesn’t foresee quite the same kind of boom as in the last few years.
Run, Don’t Walk, if You Can Match These Criteria: Q&A with Eric Silverman, Eastham Capital
Having raised $100 million for its latest fund, a private equity firm seeks distressed properties, property management partners.