Finance & Investment
TODAY’S DEALS: Waterton Picks Up 300 Units in Plano
Waterton Associates grabs a 1999-built asset in Plano, Texas; HFF arranges the sale of a $31.6 million loan secured by a trio of Michigan apartment communities; and NorthMarq secures $10 million for a North Carolina asset.
TODAY’S DEALS: Johnson Capital Arranges a $29.66M Construction-Permanent Loan
Johnson Capital secures a $29,660,000 construction-to-perm FHA Section 221(d)(4) loan; and Henry S. Miller Cos. brokers sale of 77 acres of land.
TODAY’S DEALS: Haley Real Estate Makes $82.2M Acquisition of Multifamily Communities in Texas, Alabama and Georgia
Haley Real Estate Group, an Omaha, Neb.-based investment firm, announced the acquisition of six multifamily properties; and NorthMarq Capital arranged a $10.66 million Freddie Mac refinancing.
TODAY’S DEALS: Cohen Financial Arranges $9,89M+ in Fannie Mae, CMBS financing
Cohen Financial’s Dan Rosenberg secured a total of $9.894 million to refinance two multifamily properties; and Marcus & Millichap brokers a seniors housing sale for $33 million.
Market Report: Ones to Watch
Three multifamily experts share their top 10 markets to watch in the year ahead
TODAY’S DEALS: George Smith Partners Secures $70M Cash-Out Refinance for Downtown LA Property
George Smith Partners provided financing for the takeout of a maturing construction debt; and Edgewood Capital supplies $2.15M for acquisition of non-performing loan.
TODAY’S DEALS: Azure Partners Buys Newark Towers
HFF brokers a high-rise sale in Newark; Venture West Funding refinances six California apartment buildings; and NorthMarq Capital arranges a $10.7 million Freddie Mac refinancing.
MBA Survey: Multifamily Lending Volume Expected to Increase in 2014
A majority of respondents expect loans for CMBS, commercial banks, life companies, and pension funds to increase this year, while loans for Fannie Mae, Freddie Mac and FHA will decrease.
Housing Trust Group Breaks Ground on Affordable Seniors Housing in Fort Lauderdale
Backed by financing from US Bank, Housing Trust Group has broken ground on a 112-unit affordable seniors housing asset in Fort Lauderdale.