News
Orlando Asset Lands $54M Financing
CBRE negotiated the loan on behalf of Unicorp National Developments Inc. for a 346-unit multifamily community in Windermere, Fla.
DFW Market-Rate Community Lands Refi
SevenSeas Holdings II closed a $6.8 million loan for the refinancing of Avanti on Central in Bedford, Texas. Dougherty Mortgage and Old Capital Lending negotiated the Fannie Mae loan on behalf of the borrower.
Cleveland-Area Community Lands $25M Fannie Mae Loan
Located in Willowick, Ohio, Shoregate Towers features 404 units. Dougherty’s Minneapolis office arranged the 15-year loan with a 30-year amortization schedule.
LichtensteinRE Closes $11M All Cash Sale
The off-market sale of the renovated multifamily property in the Bronx’s Tremont neighborhood offers an excellent investment opportunity as rents increase.
Brooklyn Development Lands $15M
The bridge loan will finance a three-building development of residential units over street-level retail in an accessible part of the city’s Bedford-Stuyvesant neighborhood.
ARA Newmark Brokers Sale of $131M MD Asset
The Avanti is a 930-unit community in District Heights, Md. Constructed in 1965, the property underwent renovations between 2012 and 2016.
PGIM Finances 267-Unit CO Community
Vistas at Jackson Creek is located between Denver and Colorado Springs. According to Yardi Matrix, the community was 98.9 percent occupied as of October.
CIM Nabs VA Asset
EOS Twenty-One is a 1,180-unit community in Alexandria located on a 30-acre site and featuring 14 four- and five-story buildings.
10 Largest Multifamily Properties in LA
The metro still enjoys a thriving economy and a fast-growing employment sector. However, facing affordability issues, the city continues to price residents out of the market.
CO Mixed-Use Lands $66M
Natixis provided a $50 million construction loan and arranged a $16.2 million preferred equity position for Westminster Town Square, a 255-unit, Class A multifamily project in Westminster, Colo.