Finance & Investment
Houston Community Receives $23M Loan
Voya Financial provided the three-year mortgage to fund the acquisition of Oak Grove Apartments.
NNC Apartment Ventures Buys Las Vegas Asset for $52M
Berkadia facilitated the transaction with a Freddie Mac loan set to mature in 2030.
Walker & Dunlop Provides Refi for Senior Housing Communities
The company accessed the two permanent notes through HUD’s Lean loan program. The properties are located in West Texas and Northern Alabama.
Moinian Group Secures $105M Refi for Manhattan Property
The new financing, which will be used to replace the existing construction loan debt, was issued by Bank of China.
4 Questions With JP Morgan Chase’s Kurt Stuart
The head of commercial term lending for the Northeast discusses financing, interest rates and legislative change in the late-cycle environment.
Aspen Square Management Sells Sacramento-Area Property
The Mogharebi Group represented the seller and the private buyer, in the acquisition of Cambridge House Apartments in Davis, Calif.
Greystone Arranges $63M for Pennsylvania Portfolio
The properties include five skilled nursing facilities totaling 622 beds across four municipalities.
Black Bear Capital Partners Lands $107M in NYC Loans
The financing will benefit a series of properties totaling 624 units across the Bronx, Manhattan and Brooklyn.
Late-Cycle Lenders Proceed With Caution
At MBA’s CREF 2020 Conference, lenders said high valuations and rent regulation are just two of the many risk factors that impact credit decisions today.
George Smith Partners Secures $30M Construction Loan
The financing will be used to break ground on The Cartee, a project in downtown Boise, Idaho.