Finance & Investment
South FL Condo Project Lands $17M Loan
The proceeds of the mortgage will finance construction of the luxury community. Site work is underway, with the property scheduled to open by the end of 2018.
Tishman Speyer Secures $381M for Brooklyn Condos
Featuring more than 480 luxury units and 55,000 square feet of indoor and outdoor amenity space, 11 Hoyt will border both downtown Brooklyn and brownstone Brooklyn.
Following the Path to Contemporary Senior Living
Maria Oliva, chief operating officer at Pathway to Living, discusses innovative ideas, challenges, as well as predictions for the future of the senior housing industry.
Hunt Mortgage Arranges 2 Seattle-Area Freddie Mac Refis
Cedar Gardens Apartments in Federal Way includes 49 units, while Birch Crest Apartments in Tukwila comprises 37 apartments. Both borrowers were local real estate owners.
Panama City-Area Community Lands $5M Refi
Arbor Realty Trust provided the CMBS loan for the property, which is located at 905 W. 26th St., and features 76,417 rentable square feet.
Demmon Partners Snaps Up Sacramento Asset for $33M
Walker & Dunlop provided nearly $15.9 million in Fannie Mae financing for the acquisition of the five-story community, which comprises 50 one- and two- bedroom units.
Berkeley Point Capital Provides $59M Fannie Mae Refi
Led by Mitch Clarfield and Joshua Braceros of the firm’s Santa Monica office, the team coordinated debt placement for Autumn Park Apartments, a 586-unit community in Charlotte, N.C.
Boston-Area Asset Receives $29M Loan
Reed Realty Advisors will use the proceeds to finance the development of Pac 10 Lofts, a 180-unit affordable housing community in Lawrence, Mass.
Miami Luxury Development Receives $58M Loan
Estate Investment Group secured the construction financing through Florida Community Bank. The community dubbed Soleste Twenty2 is slated for delivery in mid-2019.
Blue Magma Acquires 3 Atlanta-Area Properties
The company, together with Rosdev Group, secured the 918-unit portfolio for $44.4 million and plans to renovate the communities.