Finance & Investment
Knoxville-Area Opportunity Zone Project Lands Financing
Walker & Dunlop originated the $21 million financing package through HUD, combining a two-year construction loan with a long-term mortgage.
2 Florida Projects Get $67M in Construction Loans
Developers in Miramar and Palm Bay plan to build communities with 280 units and 197 units, respectively. Hunt Real Estate Capital provided the HUD financing.
JV Lands $415M Loan for Manhattan Tower
Douglaston Development brought in Ares Management Corp. as a partner in its 58-story multifamily project just south of Hudson Yards. The building will offer a mix of affordable and market-rate units.
$560M Redevelopment of Storm-Damaged Community Wraps Up in NYC
A joint venture of MDG Design + Construction and Wavecrest Management completed the rehabilitation of a 1,395-unit public housing community in Far Rockaway, Queens. The project is the country’s largest single-site conversion under HUD’s RAD program.
Artisan Capital Group Buys Downtown KC Portfolio
Besides facilitating the sale, HFF arranged a $51.1 million financing which included a $38.8 million Fannie Mae loan and $12.3 million in joint venture equity.
Fogelman Acquires GA Community for $34M
The company worked with CBRE in the sale of The Hamptons at East Cobb, a 196-unit community situated 17 miles from downtown Atlanta.
CDT, Southport Financial Services Pay $37M for Central CA Portfolio
Located in tight rental markets in Central Valley, the five affordable housing properties will be preserved for residents at 50 to 60 percent of area median rent/income through 2050.
Charlotte Redevelopment Moves Forward
Developer Terwilliger Pappas plans to build a 272-unit apartment community within City Park, a sprawling master-planned community on the former site of an 18,000-seat sports arena.
Berkadia Wraps Las Vegas, DC Metro Deals Worth $92M
The company arranged a $63.2 million refinancing for a 340-unit community in Falls Church, Va., and completed the sales of two multifamily properties totaling 331 units in Nevada.
Greystar Takes $72M Construction Financing in Nashville
Northwestern Mutual provided the seven-year mortgage to fund development of the 300-unit high-rise in The Gulch, a hotbed of development activity in the city center.