Finance & Investment
IN Student Community Receives $14M Refi
The refinancing includes a cash-out component and also benefits from Fannie Mae’s Green Rewards program. The community is fewer than two miles from Indiana University.
Capital One Provides $25M for Albuquerque Property
Albuquerque Meadows is a 430-unit, age-restricted manufactured housing community that includes a clubhouse, pool, and arts and crafts center.
Cortland Partners Snags Lakecrest at Gateway Park in Denver
The 440-unit, pet-friendly community includes a spa, movie theater room, and access to a two-mile walking path.
Why Grosvenor Likes Seattle’s Condo Market
Alex Henderson, who leads Grosvenor’s Puget Sound Co-Investment team, foresees renewed interest in development, given the potential oversupply of rental product and undersupply of for-sale product in the area.
Hudson Cos. Snags $64M for San Jose Mixed-Use Project
Vespaio is a seven-story mixed‐use project with 162 units and 39,042 square feet of retail and commercial space.
KeyBank Secures Financing for 6 Senior Housing Assets
The skilled nursing facilities are spread across Vermont, New Hampshire and Rhode Island and encompass a total of 664 beds.
Bay Harbor Island Development Site Commands $21M
Colliers Senior Vice President Larry Stockton led the team that represented both the seller and the buyer in the transaction.
Harbor Group Nabs Orlando Asset for $97M
Berkadia arranged $66 million in financing for the firm’s acquisition of Elan Audubon Park, a 449-unit community spread across 12 buildings.
Electra America Expands in Tampa
The company acquired Avery Place, a 264-unit community that will be rebranded as The Avana and will receive capital improvements worth $2.5 million.
Cardinal Group Snags $35M CO Asset
TSB Capital Advisors arranged a $20.8 million, 10-year, fixed-rate term loan for the purchase of Uptown Broadway, a 116-unit community in Boulder. The loan was provided by KeyBank and is held by Freddie Mac.