Finance & Investment
Manhattan Communities Get $119M Refi
The owner secured the Fannie Mae financing in preparation for the expiration of the city’s 421a tax abatement program.
ROSS Buys Community in Richmond Opportunity Zone
The new owner of the 98-unit asset is investing $3 million into capital improvements at the 1962-built property.
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.