Finance & Investment
Staten Island Skilled Nursing Facility Lands $21M Refi
The new, HUD-insured permanent loan provided by Greystone for the 238-bed skilled nursing facility represents a permanent exit from the prior interim financing.
Pathfinder, Silvergate to Transform Former Convent into Apartments
Little Flower Haven in La Mesa, Calif., closed in 2015 and will be converted into 130 units. Construction is scheduled to begin in the fall of this year.
Kiser Group Brokers South Chicago Multifamily Sales
Noah Birk and Aaron Sklar have facilitated the sale of a four-building portfolio and three other multifamily assets.
Dougherty Closes $15M Fannie Mae Loan for TX Property
Through a partnership with Old Capital Lending, the company arranged the 12-year loan for the acquisition of a 232-unit community in the Dallas area.
Luxury Condo Development Coming to Denver’s LoHi
The property is set to include 44 units and 4,200 square feet of street-level retail. The community was 35 percent pre-sold at the time Knighthead Funding provided construction financing.
Salt Lake City to Get Affordable Mixed-Use Project
Columbus Community Center is building a 200,000-square-foot property catering to people with disabilities. Dubbed The Hub of Opportunity, the development will also include commercial and office space.
Transwestern Brokers TX Deals Totaling $275M
The assets sold included portfolio and individual property sales and were located throughout the Dallas-Fort Worth Metroplex, including seven cities.
Michaelson Buys $10M Tampa Bay Community
The company purchased Forest Creek Apartments, a 104-unit property located in Largo, Fla., from Insula Capital.
LA-Area Property Commands $66M
HFF brokered the sale of The Andalucia, a 118-unit community located in Pasadena. The asset also features 11 affordable units and 7,500 square feet of retail.
Torchlight Investors, Hampshire Properties Snag MD Asset
Milestone Apartments has 576 units in 27 buildings spread across 32 acres of land. The new owners are planning a value-add strategy that will include various upgrades.