Finance & Investment
Affordable Boston Communities Land $11M Loan
East Boston Community Development Corp. plans to extend the affordability of 111 units in the eastern part of the metro. MassHousing arranged the transaction.
Inland Nabs Denver-Area Community
The property, which sold for more than $50 million, contains 322 units and is located approximately 10 miles from downtown Denver.
Boston Affordable Senior Portfolio Lands $136M Refi
Symphony Plaza was constructed in 1980 and comprises two neighboring buildings. Masshousing closed the refinancing, allowing for significant on-site improvements and extending affordability for at least 30 years.
Walker & Dunlop Procures $50M Loan for Phoenix Asset
The company utilized Freddie Mac’s Mod-Rehab Program, which features three years of interest-only payments at a floating rate. Almost $10 million has been allocated for improvements.
Kidder Mathews Arranges Sale of San Diego Community
Built in 1989, 204 Clark St. is a 20-unit, 17,578-square-foot community with one- and two-bedroom apartments. The off-market transaction property offers easy access to both East Washington Avenue and North Broadway.
WinnCompanies Secures $16M for MA Affordable Housing
MassHousing is providing financing for the rehabilitation and long-term preservation of the historic 180-unit Wellington Community in Worcester.
Houston Garden-Style Community Trades Ownership
The 229-unit community is located in the Katy/Cinco Ranch/Waterside submarket in southwest Houston and offers units ranging from 620 to 1,326 square feet.
Berkadia Secures Loan for $97M Florida Buy
Robbins Electra sold the 542-unit property to Advenir. Freddie Mac originated the $80 million value-add, three-year loan.
MN Community Lands $31M Refi
Dougherty Mortgage secured the Fannie Mae loan for Residences at 1700, a 115-unit property in Minnetonka.