Finance & Investment
HFF Secures $86M Financing for Manhattan Luxury Community
The company arranged the loan on behalf of Joy Construction, Maddd Equities and the family of the late Lewis Katz for the refinancing of The Lewis, a 186-unit luxury building in the growing Hudson Yards neighborhood.
NXT Capital Arranges $46M for TX Apartments
The firm placed the first mortgage loan with HFF to refinance the 354-unit Pierpont, located in Spring. The community includes a club house, a billiard room and an onsite car wash.
DC-Area Portfolio Trades for $302M
FCP sold 11 communities in St. Charles, Md., to an affiliate of Strata Equity Group, after purchasing the properties in 2009 from American Community Properties Trust.
Insula Cos. Offloads Tampa Community for $21M
The asset sits a mile north of the University of South Florida’s campus and consists of 168 two-bedroom townhouse units.
FL Townhome Development Lands $7M Loan
RARE CRE secured financing for the construction of The Preserve at Hypoluxo, a 44-unit upscale community in Lantana, that includes a retail component.
Manhattan Apartment Prices Continue to Drop: Halstead
The median cost has remained unchanged from quarter four of 2017 but dropped 1 percent from the previous year, according to the company’s most recent report.
Capital One Secures $49M Loan for SoCal Manufactured Housing
The company structured a $48.8 million Fannie Mae adjustable-rate mortgage on behalf of Kort & Scott Financial Group for Lincoln Center Mobile Home Park, a 305-unit community in Cypress.
Andover Real Estate, M Group Pick Up MI Asset
The buyers financed the acquisition with a $16 million Fannie Mae Green Rewards loan originated by Hunt Mortgage Group.
Affordable FL Community Lands $23M
Dougherty Mortgage arranged the financing for the acquisition and rehabilitation of the 336-unit Seven Palms Apartments in Punta Gorda. Dominium purchased the property from Alliant Capital.
CBRE Provides $14M for Historic Cincinnati Asset
The company closed the refinancing of The Reserve at 4th and Race, an 88-unit community in the CBD. Mark Tran, senior vice president of CBRE Columbus, originated the loan.