Finance & Investment
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.
NoVa Skilled Nursing, Rehab Center Sells for $13M
The Mount Vernon Nursing & Rehab Center, located south of downtown Washington D.C., encompasses 69 rooms and 130 licensed beds.
PAC Invests in Northeastern Atlanta Asset
Completed in 2016, the 14-building, 310-unit community in Tucker is close to Northlake Mall. The transaction involved a $39.7 million loan.
Houston Asset Lands $36M Refi
Nottingham Village is a two-story property featuring two-, three- and four-bedroom units spread across a 16.4-acre site. The owner plans to renovate the community.
TruAmerica Acquires $50M FL Community
The company is planning to invest $4 million in capital improvements to Astor Park, a 368-unit community in Winter Springs.
Timberland Grows in Twin Cities, Obtains $50M Loan
The company will add one more community to its Twin Cities portfolio of nine properties. The new construction will be adjacent to the planned METRO Green Line Extension.
Walker & Dunlop Provides Financing for Dallas Property
The company supplied a Fannie Mae Green Rewards loan for Las Terrazas, a 230-unit community that features tennis courts, a pool and a picnic area.
Fannie Mae Expands Green Lending, Housing Innovation Platforms
Jeffery Hayward, executive vice president & head of Fannie Mae’s multifamily mortgage business, sat down with MHN at MBA’s CREF/Multifamily Housing Convention & Expo in San Diego to provide an industry-wide outlook and discuss the GSE’s new initiatives for 2018.
Money for Modernization
Lenders and sponsors find innovative solutions to financing upgrades at newly acquired properties.