Finance & Investment
Dougherty Mortgage Provides Fannie Mae Loan for Dallas Asset
A private investor purchased a 116-unit market-rate community in southwest suburban Dallas, taking a $7.3 million loan to fund the acquisition.
NYC Condos Get $45M for Historic Restoration
CIT Group’s Real Estate Finance division arranged the loan for developer Knightsbridge Properties. The Tribeca luxury building includes 13 units.
Seattle-Area Community Lands Refi
Hunt Real Estate Capital originated funding through Freddie Mac’s Small Balance Loan program to refinance the Lynnwood asset.
Luxury Miami Tower Lands $138M Financing
Walker & Dunlop arranged the construction loan on behalf of the developer, Two Roads Development. The 100-unit Elysee broke ground in 2017 and is scheduled for completion by 2020.
SoCal Community Changes Hands
Prism Multifamily funded the acquisition of the 121-unit Class A Latitude 33 in Palm Springs with a $10.8 million loan originated by Walker & Dunlop.
Greystone Provides Freddie Mac Loan for Affordable KC Asset
Keith Hires, managing director in Greystone’s Atlanta office, obtained the acquisition loan for Alcazar Apartments, a 142-unit community in the southern part of the city.
DC Apartment Community Trades for $42M
The new owner, Urban Investment Partners, is planning to implement a $1 million capital improvements plan to upgrade and renovate the asset located at 3333 Wisconsin Ave.
KRE Group JV Secures $210M for Jersey City Tower
In a partnership with National Real Estate Advisors, the firm closed on the permanent loan for the first of three residential buildings within its mixed-use Journal Squared development.
CA JV Acquires Value-Add Asset in Austin
Dekel Strategic Investors and Arrowroot Real Estate are planning to make renovations to Mueller Place, which was built in 1969.
Avison Young Facilitates Sale of 171-Unit NC Asset
Signature Place Apartments in Greenville changed hands for $14.8 million. Vice President Craig Cadwallader and Senior Vice President Gary Lyons worked on behalf of the buyer in the transaction.