Finance & Investment
Northwest Properties Snags 216-Unit Houston Community
Seneca Investments sold Stoneleigh on Spring Cypress, an 11-building market-rate multifamily property in Spring, Texas, to Hayden Properties.
DC Community Receives $58M Loan
Citizens Bank arranged the loan for a 295-unit, Class A apartment community located in the Brookland neighborhood, northeast of the city center.
Hunt Mortgage Secures $14M for NC, VA Properties
The loan was for the acquisition of Fiddler’s Creek Apartments in Winston-Salem, N.C. and Baywatch Pointe Apartments in Virginia Beach, Va.
$53M Earmarked for Bronx Senior Housing Renovations
A joint venture is refinancing Fort Schuyler House, a 138-unit development. Plans call for $15.5 million in capital repairs, and the property will preserve affordability for its residents.
Love Funding Secures $22M for NC Project
Located in Charlotte, Preserve at Mountain Island consists of 15 buildings and 240 units. Among other high-end amenities, the community will offer boat storage for residents.
DSF Group Acquires CT Asset
Built in 2004, the 246-unit community is located in Milford and was purchased for $50.5 million. The company plans to renovate and rebrand the property.
Home Leasing to Inject $48M in Albany Affordable Housing
The company will rehabilitate more than 200 units. Guided by the State Historic Preservation Office, the remodeling of the properties will utilize historic tax credits.
Brooklyn Community Lands $92M
Greystone Bassuk arranged the 10-year permanent loan with Union Bank on behalf of The Hudson Cos. for The Parkline, a 254-unit building located in Prospect Lefferts Gardens.
Avanath Closes $388M Investment Funds
Avanath Affordable Housing III and Avanath III NY Co-Investment are two of the largest funds in the U.S. dedicated to affordable housing.
St. Petersburg Community Receives $24M Refi
The 212-unit community received refinancing proceeds through Freddie Mac’s green lending program. Berkadia arranged the loan on behalf of the borrower.