Finance & Investment
MassHousing’s $66M Financing Strategy
Why MassHousing provided $66 million for an affordable seniors community.
NMHC Special Report: Working Towards Workforce Housing
A panel at the 2015 NMHC Apartment Strategies Outlook Conference tackles the shortcomings of the workforce housing space, and discusses some creative strategies to bring quality, affordable housing to the middle class.
TODAY’S DEALS: Arbor Funds Five-Year FRM Under Freddie Mac’s New Loan Offering
Arbor Commercial Mortgage funded its first loan under the newly launched Freddie Mac Small Balance Loan initiative for Nettleton Commons in Syracuse, N.Y.; and BMC Capital provides a $829,411 cash-out refinance.
TODAY’S DEALS: Capital One Multifamily Closes $63.3M Freddie Mac Acquisition Loan
Capital One Multifamily Finance provides a 10-year fixed-rate loan for the acquisition of Artessa at Quarry Village; and a Berkshire Group affiliate purchases a Class-A property in Oakland, Calif.
TODAY’S DEALS: KeyBank Provides $334.4M Credit Facility for National Assisted Living Portfolio
KeyBank Real Estate Capital closes a $334.4 million Fannie Mae credit facility for Enlivant; and NorthMarq Capital’s Kansas City office finalizes transactions totaling $13.34 million.
Walker & Dunlop Announces Loan Originator Headcount Reaches 100
Walker & Dunlop Inc. recently announced that it now has 103 loan originators on its nationwide platform.
Economy Watch: Pending Home Sales See Uptick
The National Association of Realtors’ Pending Home Sales Index—a forward-looking indicator based on contract signings—was up 0.8 percent to 104.8 in November from 104.0 in October.
Economy Watch: Holiday Retail Sales Strong This Year
Holiday retail sales between Thanksgiving and Christmas—except for car sales— increased 5.5 percent this year compared to the same period last year, according to MasterCard’s SpendingPulse report.
Seniors Community Funded by WNC LIHTC Equity Opens in Honolulu
Pacific Housing Assistance Corporation recently held a dedication ceremony to officially mark the opening of Senior Residence at Iwilei, an affordable seniors housing building that was partially funded with $24 million in LIHTC equity from Irvine, Calif.-based WNC.