Finance & Investment
Greystone Provides $17M Refi for Brooklyn Asset
The Fannie Mae loan will be used to pay off a $12 million construction loan on the newly built condominium property.
NHPF Lands $45M Affordable DC Asset
Woodmont Crossing Apartments marks the nonprofit’s fifth purchase under Washington, D.C.’s Tenant Opportunity to Purchase Act. The new owner plans a $7.4 million upgrade of the 176-unit community.
Orlando Community Lands $40M Refi
Built in two phases from 1989 to 1991, Advenir at The Oaks features one-, two- and three-bedroom apartments and a total of 373,328 rentable square feet.
LeCesse to Build 248-Unit Community in King of Prussia, PA
Skye 750 will be located within King of Prussia’s growing business park, a live-work-play environment comprising approximately 3.5 million square feet of office space.
CareTrust REIT Nabs Grand Rapids-Area Skilled Nursing Portfolio
In a sale-leaseback arrangement, the 464-bed, five-property ensemble traded for roughly $41.5 million including transaction costs.
Marcus & Millichap Facilitates Sale of 120-Unit FL Asset
Arbor Crest traded for $5.1 million. The firm’s Regional Manager Ari Ravi and Investment Specialists Francesco Carriera and Michael Regan marketed the property on behalf of the seller, Carlisle Development Group.
BEB Capital Grabs East Harlem Community
The eight-story luxury apartment development, which opened in East Harlem in 2016, contains 29 units above one street-level retail space.
Hunt Mortgage Group Adds New Director
Kevin Deegan will coordinate the company’s affordable housing/FHA team, but he will also serve clients using Hunt Mortgage Group’s balance sheet products and agency executions.
Capital One Arranges $11M Refi for NM Senior Housing
Wheatfields Senior Living Community in Clovis comprises 101 beds across five detached independent living cottages, as well as the assisted living building that was completed in 2011.
Dougherty Closes Fannie Mae Loan for Twin Cities-Area Community
The mortgage banking firm facilitated a $7.3 million loan to refinance Green Twig Villas, a 62-unit affordable housing property in Oak Park Heights, Minn.