Finance & Investment
Affordable San Diego Asset Lands $52M Refi
Berkeley Point arranged the financing for Lantana Hills Apartment Homes, a 380-unit property built in two phases. The community underwent extensive renovations between 2014 and 2017.
Bellwether Enterprise Secures $21M for SF Affordable Housing Portfolio
The five properties, which include 370 units, received a Freddie Mac Freddie Mac Targeted Affordable Housing Preservation Loan that will go toward deferred maintenance to allow for safe affordable housing in high-cost markets for the long term.
Affirmed Housing Opens CA Affordable Senior Property
Bella Vita is a 65-unit development in Carson. The community serves low-income seniors and includes 3,000 square feet of commercial place.
CBRE Arranges Sale of OR Community
Phil Oester, Joe Nydahl and Josh McDonald brokered the sale of the asset, representing the seller, Marathon Management.
Multifamily Takes Benchmarking’s Measure
Operators in the sector strive to catch up with their commercial counterparts.
LIHTC’s New Lease on Life
The low-income housing tax credit (LIHTC) program has put more than three million housing units in service since its inception in 1986, and this year’s introduction of tax reform has expanded LIHTC for the next few years. But in today’s compressed-yield, rising-rate environment, will the credits’ future remain secure?
Transactions: October 2018
The following is a list of transactions that were announced over the months of August and September, 2018.
Canyon Partners Provides $11M for CA Senior Housing
Griffin Plaza in Simi Valley will include 75 assisted living units and 26 memory care units, an arts and crafts room, a salon, and a juice bistro.
TriArc Properties Refinances 137-Unit Houston Asset
HFF’s debt replacement team secured the five-year, fixed-rate loan for 4 eighty West Parker from Green Bank.
How Nimble Lenders Can Be Late-Cycle Winners
Mordecai Rosenberg, president of Greystone, discusses how the firm differentiates its multifamily lending practice amid intensifying competition and where growth opportunities lie.