Finance & Investment
LR Management Buys Detroit-Area Community
The acquisition of the 62-unit asset in Farmington Hills, Mich., was subject to a $3.5 million Fannie Mae loan from Greystone.
Hampton Roads Project Gets $22M Financing
Bellwether Enterprise secured the loan for the developer of the 162-unit community, set for completion in late 2020.
West End Capital Buys Hampton Roads Community
The new owner has renamed the 104-unit fully affordable multifamily asset and plans to invest in capital improvements.
Starwood Capital Group Sells Houston Property
A Berkadia team represented the owner and originated a $19.7 million Freddie Mac acquisition loan.
Franklin Street Arranges $31M Sale of Affordable Tampa Community
The Reliant Group sold the 270-unit property in Bradenton, Fla. Darron Kattan, Kevin Kelleher, Zachary Ames and Avery Jordan represented both parties in the deal.
Q&A: Say Hello to More CLOs
Greystone’s Jeffrey Baevsky discusses the future of this investment segment as interest rates drop and names the top three factors that will impact multifamily lending in 2020.
Texas Senior Housing Scores $37M Refi
Greystone provided the Fannie Mae loan to Integrated Real Estate Group for its 222-unit community in Pearland.
Northland Scores $76M Refi for Orlando Community
PCCP LLC provided the loan for Paramount on Lake Eola, a 16-story downtown property.
Dwight Capital Originates $66M in Refi Loans
The multifamily lender scored HUD financing for two communities in New York and Nevada totaling 468 units.
$73M Construction Loan Secured for Miami Ultra-Luxury Condos
CIM Group provided financing for the first oceanfront development in Delray Beach in more than 30 years.