News
PSRS Snags $80M Loan for CA Community
Pacific Southwest Realty Services arranged the mortgage for Hollister Village, a new luxury Class A residential development located on a13.7-acre site west of Santa Barbara.
BRT Nabs 3 St. Louis Luxury Communities
Through joint venture partnerships, the REIT purchased Vanguard Heights, The Tower at OPOP and The Lofts at OPOP for some $75 million. Meridian Capital Group arranged financing for all three acquisitions.
Hudson Cos. Picks Architect for Latest Brooklyn Development
CetraRuddy will design the 250-unit community located in Prospect Lefferts Gardens, which will also include 6,000 square feet of ground-floor retail space.
Walker & Dunlop Taps New SVP
Matt Naish brings affordable housing expertise following his tenure with Berkeley Point Capital and HUD.
Torchlight Provides $80M Refi for Suburban Chicago Community
The firm recapitalized 500 Station, a 417-unit asset in Aurora, Ill., with senior and mezzanine financing. Aurora is connected by local shuttle to the Route 59 commuter rail station, which offers express service to central Chicago.
ASC Arranges Financing for Chicago Multifamily Asset
Winthrop Place, located in Edgewater, will benefit from a $1.5 million refinance loan. The 1968-built property consists of 16 studios and 41 one-bedroom units.
Charleston Adds 110-Unit Luxury Community
The Berry Cos. and Big Cypress Capital developed Cainhoy Pointe, a gated apartment project adjacent to the Cainhoy Plantation master-planned community.
Peak Campus Lands Management Role in Murfreesboro
The student housing community Campus Crossings, located in Murfreesboro, Tenn., near Middle Tennessee State University, includes 252 units and 816 beds.
Mill Creek Begins Construction on Dallas Luxury Apartments
In a joint venture with Abington Properties, the company secured construction financing with UMB Bank for the six-story, 190-unit upscale community.
Dougherty Closes $7M Loan for Irving Community
The company completed a 12-year, two-year interest only Fannie Mae loan for the 134-unit property.