Finance & Investment
Greystone Funds $1B in Freddie Mac Small Balance Loans
The company becomes the first lender to reach this milestone one year since the platform’s inception. Over the last three years, the SBL offering has produced more than 4,000 loans and funded approximately $10.5 billion.
Dougherty Funding Closes $11M Minneapolis Refi
The property is located in the Whittier neighborhood, between uptown and downtown, and is one block from Minneapolis Institute of Art and Minneapolis College of Art and Design.
BrownLee Grabs $84M Baltimore Community
The 295-unit Winthrop in Towson was completed in 2015 and traded with help from JLL. Pillar originated a $58.8 million Freddie Mac acquisition loan.
San Jose Community Sells for $36M
Marcus & Millichap represented the seller in the transaction and procured the buyer. The 109-unit asset features 12,000-square-foot commercial space, as well.
Berkadia Completes Sale, Secures Financing for MO Property
The Links at Parkville Apartments is a 244-unit multifamily asset in Parkville, near Kansas City. Senior Director Michael Sullivan, Director Brett Meinzer and Managing Director Alex Blagojevich worked on behalf of the seller.
Meridian Capital Arranges $50M Construction Loan
SAMTD Woodbridge LLC will use the financing for the development of The Grande at Metro Park, a 232-unit apartment community in Iselin, NJ. The buildings will feature an 8,200-square-foot retail space.
Berkadia Arranges 593-Unit FL Portfolio Sale
Nova Eagle sold three multifamily assets in Jacksonville, Fla., for $27.9 million. The buyer was Infinity Acquisitions LLC.
5 Tips on Finding the Right Neighborhood
Choosing the right location for a home purchase involved thorough research and consideration of a few key factors, in order to optimize the property’s resale potential.
JLL Secures Acquisition Financing for San Antonio Assets
JLL arranged financing on behalf of REEP Equity. The communities were both built in the 1980s and present value-add opportunities.
Weidner Acquires Seattle Community for $225M
Continental Properties sold the 313-unit Tower12 for $719,000 per apartment, a multifamily sales record for the area.