Finance & Investment
Manhattan Community Lands $136M Green Loan
Freddie Mac extended the 10-year loan to Rachel Bridge owner Clipper Equity, in a deal arranged by Walker & Dunlop. The financing will facilitate property renovations to cut down on energy and water usage.
2 NYC Projects Land $181M in Financing
Merchants Capital secured financing for two affordable housing developments in the East Harlem and Flatbush neighborhoods that together total 659 units.
FSC Realty Buys Seattle-Area Community for $58M
The real estate investment firm picked up the 230-unit multifamily asset from Goodman Real Estate. Berkadia arranged the sale of the property, located in the Seattle suburb of Lynnwood.
Cushman & Wakefield Arranges $63M Sale of FL Community
The firm represented a joint venture between Providence Real Estate and Aegon Real Assets US in its acquisition of The Park at Via Rosa in Brandon.
Zillow Launches Mortgage Lending Platform
The real estate listings giant has announced that it will offer mortgages to consumers through Zillow Home Loans, a rebrand of the former Mortgage Lenders of America.
Walker & Dunlop Arranges $16M Loan for Affordable CA Asset
Bridge Housing is building a 68-unit property in San Mateo, dubbed Bay Meadows Apartments, that is scheduled for completion in June 2020.
Avanath, OAG Target Opportunity Zones with New Fund
The joint venture has launched a Qualified Opportunity Zone Fund with a target raise of $300 million for those interested in affordable and workforce housing investments.
Continental Realty Buys Vegas Community
The buyer financed the purchase of the 63-unit Class A asset with a $9 million Freddie Mac acquisition loan originated by HFF.
372-Unit Dallas Community Commands $53M
The sale marked the fourth acquisition for BSR Real Estate Investment Trust in under a year, bringing the entity’s portfolio to a total of 51 multifamily assets.
FCP Pays $23M for Atlanta Community
The acquisition marks the buyer’s seventh investment in the area. The new owner plans to rebrand the 164-unit Ashford Gardens.