Finance & Investment
Multifamily Refinancing’s Top Trends and Strategies
Owners have a higher bar to meet, but multifamily properties are still attractive candidates for refinancing. Here’s what lenders want to see.
Transactions: November 2020
A short list of recent major investment sales and financings from coast to coast.
Kidder Mathews Brokers $12M Seattle-Area Sale
Brandon Lawler, Dylan Simon and Jerrid Anderson closed the disposition of the 63-unit Tacoma community.
Timberland Partners Pays $39M for Minnesota Apartments
The sale of the 205-unit community is the largest real estate transaction to close in Rochester this year.
CBRE Arranges $14M New Jersey Refi
Donna Falzarano and James Gunning arranged the loan for the 66-unit community in South Orange.
Hampshire Properties Buys Jacksonville Community for $64M
This deal marks one of the largest value-add transactions in 2020 for the Jacksonville MSA.
Senior Housing Occupancy Drops, Inventory Increases: NIC
The COVID-19 crisis continues to impact occupancy, with assisted living properties experiencing steeper decreases than independent living assets, the latest NIC MAP report shows.
DB Capital Management Enters Denver Market
Newmark facilitated a $10.5 million loan for the acquisition of the 46-unit community that is set to be renovated and rebranded.
Standard Cos. Pays $31M for Affordable Pasadena Community
The transaction preserves affordability for all 61 units for the next 55 years.
Charlotte Multifamily Wrap-Up – October 2020
Charlotte-area properties trade in $323 million deal. Peak Capital Partners makes $181.5 million investment. Read our October selection of Charlotte must-knows.