Finance & Investment
Philadelphia-Area Community Lands $77M Refi
Greystone originated the Fannie Mae loan on behalf of the borrower, Lindy Property Management.
Albuquerque Apartment Portfolio Changes Hands
The buyer of the Class C communities’ 420 units assumed the seller’s CMBS financing as part of the deal.
Woodmont Properties Sells New Jersey Community for $44M
The buyer received nearly $33 million in acquisition financing from Kearny Bank.
Suburban Nashville Apartments Land $30M Loan
Walker & Dunlop provided the Fannie Mae loan for the 238-unit Class A property in Goodlettsville.
KBS Sells 453-Unit Salt Lake City Community
Oakmont Properties acquired the luxury property in the face of economic uncertainty that complicated the deal.
Clipper Equity’s Flatbush Gardens Lands $329M Refi
New York Community Bank provided the REIT with the 12-year note for one of Brooklyn’s largest affordable housing assets.
Four Mile Capital Makes 1st Kentucky Foray
The company acquired a 141-unit townhome community in Louisville, financing the acquisition with a nearly $15 million Freddie Mac loan.
Southeast Jacksonville Community Gets $75M Loan
The Freddie Mac financing will retire existing debt at Starwood Capital Group’s 820-unit Bentley Green.
What Lenders Look For in New Loans: Q&A
Anthony Delfre, managing director of Brown Gibbons Lang & Co.’s Real Estate Advisors Group, on how multifamily lenders are adjusting to an industry disrupted by COVID-19.
Berkadia Secures Acquisition Financing for Texas Community
The 192-unit Element at University Park will undergo a series of improvements under new ownership.