Finance & Investment
Dwight Capital Expands Footprint
Over the course of 2017, the company funded 22 FHA loans totaling nearly $338 million spanning across Texas, Nevada, New York, Oregon, Georgia, Washington and Tennessee.
Delshah Capital Buys Manhattan Apartments, Plans Renovations
The company acquired 138 Ludlow St., a 1920-vintage, six-story walk-up on the Lower East Side, for $18.9 million.
TruAmerica Nabs Orlando Asset for $53M
McDowell Properties sold the 362-unit gated community. The new owner plans to renovate the building.
Berkadia Facilitates $46M Loan for IA Student Housing
Senior Managing Director Peter Benedetto and Associate Director Aaron Moll, both of Berkadia’s Detroit office, arranged the bridge loan on behalf of The Tailwind Group.
Hunt Mortgage Secures $4M for AZ Assets
The Tucson properties are adjacent to each other and comprise a total of 158 units with a combined size of 190,512 square feet. The communities were acquired by RGCD Investments.
Garden Community Fetches $28M in Birmingham
The acquisition of the 24-building property was funded by a 12-year, $20.7 million loan held by Fannie Mae.
Arrimus Capital Acquires IA Luxury Student Housing
Stadium View, adjacent to Iowa State University in Ames, includes 197 units and 518 beds. The property is currently 99 percent leased.
Liquid Capital Buys ’60s-Vintage Atlanta Apartments
Broadway at East Atlanta includes 176 units, as well as a fitness center, pool with grilling area, dog park/play area and playground.
Sares Regis Snags $39M Seattle-Area Asset
IPA arranged the sale of Monterra in Mill Creek, a 139-unit community located north of downtown Seattle, in Snohomish County.
NXT Capital Refinances GA Property
The company has furnished a $30 million first mortgage loan to refinance a 165-unit community in Atlanta. Amenities include a coffee bar, car care facility and dog park.