Finance & Investment
Boston Capital Closes One Fund, Launches Another
Boston–Boston Capital Corp., a long-time player in multifamily investment, has closed one fund and is now putting another together for the acquisition of apartment properties.
Miami Condo Project Targets International Buyers
Miami–The 292-unit Marquis Residences, a downtown Miami condominium developed by Africa-Israel USA, is seeking international buyers, and so far the strategy is working.
California Congressman Calls for Replacement, Not Elimination, of GSEs
Washington, D.C.–Rep. Gary Miller (R-CA) plans to introduce a bill that would replace the GSEs with a new, consolidated entity whose function would be very much like Fannie and Freddie.
How Much Debt Is Too Much?
The implications of our national debt to real estate, our families and our future cannot be ignored. It’s a drug we can no longer afford.
Demand for Multifamily Construction Lending
The flow of multifamily construction financing is slowly increasing, and lenders have more than their fair share of choices for investing.
Centerline Capital Group Expands Affordable Housing Debt Team
New York–Centerline Capital Group’s Philip Melton discusses with MHN the company’s thinking behind expanding its affordable housing debt products division.
Obama’s Better Buildings Initiative Estimated to Create 114,000 New Jobs
An analysis by The Real Estate Roundtable, USGBC and the Natural Resources Defense Council finds that the White House’s new energy-efficiency plan would create 114,000 private-sector jobs, mostly in construction.
HUD Unveils Multifamily Refinance Program that Also Pays for Green Upgrades
Washington, D.C.–HUD has kicked off Green Refinance Plus, which will allow owners of affordable rental housing properties to refinance into new mortgages that include funding for energy upgrades.
Paul Dincin: Multifamily Workout Specialist
Catapult’s Paul Dincin and Brian Columbus specialize in assisting banks, special servicers and other financial institutions deal with their distressed multifamily properties, fractured condominium developments and other broken CRE assets.
SoCal Mortgage Banker Sees Burgeoning Opportunity in Multifamily Finance
Marina Del Rey, Calif.–Q10/Dwyer-Curlett has arranged $31.8 million in equity financing for the development of the Shores, a 544-unit apartment project to be built in Marina Del Rey. The deal is the first foray into multifamily finance by the company, which is a mortgage banking firm with three offices in southern California, and a member of Q10 Capital LLC, which specializes in commercial real estate finance.