Finance & Investment
Berkadia Facilitates $49M Financing for Chicago Redevelopment Project
The company arranged a non-recourse renovation loan with Granite Point Mortgage Trust on behalf of developer CEDARst Cos.
SC Affordable Housing Portfolio Gets $77M Upgrade
Greystone Affordable Development, Boyd Management Inc. and portfolio owner WWJ, LLC worked together with public and private partners to secure the tax-exempt bond transaction for the complete rehabilitation of 18 multifamily properties across the state.
JV Lands $36M Loan for NYC Condo Tower
The partnership plans to build a luxury condo building on the Upper West Side that will also include ground floor retail space.
HFF Secures $85M Financing for Memphis Mixed-Use Development
The historic 12-acre property was redeveloped into a “vertical urban village” encompassing 265 residential units, almost 646,000 square feet of commercial space and 65,000 square feet of retail space.
TruAmerica Expands Salt Lake City Footprint with $46M Buy
The 253-unit Country Lake in Silicon Slopes is the company’s fourth community in the metro. The new owner has plans to renovate the 1973-built property.
SoCal Affordable Community Changes Hands
The 60-unit fully affordable property fetched a price tag of $3 million, with the buyer landing $2.7 million in acquisition financing.
Standard Communities Nabs Affordable RI Asset
Following the acquisition, the company intends to perform an extensive rehabilitation of the 106-unit Curtis Arms Apartments in Providence.
Boston-Area Community Preserves Affordability for Next 40 Years
Asian Community Development Corp. purchased the Martensen Village in Quincy, mass. The new owner acquired the property under a state law that prevents it from being sold and converted into a market-rate community.
KeyBank Provides $39M Loan for Historic Cleveland Community
The financing comprises three different types of loans, which will contribute to the redevelopment and preservation of Commodore Apartments, a 198-unit property.
San Antonio Student Community Changes Hands
Arrimus Capital financed the acquisition of the 498-bed property with a nearly $25 million Freddie Mac loan originated by Walker & Dunlop.