News
Bellwether Enterprise Announces More Than $1.5 Billion in 2012 Production
Bellwether Enterprise announced it provided more than $1.5 billion in financing in 2012, including $1.2 billion since Bellwether Real Estate Capital merged with Enterprise’s Multifamily Mortgage Finance business in May of 2012.
MHN Interview: Underwriting Multifamily Investment Deals
Anil Advani, who previously worked at real estate investment firm WNC as the senior vice president of underwriting, recently rejoined the company as the senior vice president of private label funds. MHN talks to Advani about his new role and the direction he feels multifamily is heading.
McKinley and Avanath Capital Launch New Partnership
Albert M. Berriz, CEO McKinley, Inc. and Daryl J. Carter, founder, chairman and CEO of Avanath Capital Management, jointly announced the launch of “mckinley – avanath” a residential property management enterprise created to manage apartment home communities acquired by Avanath for its various investment platforms, as well as assets owned by institutional partners and clients.
Loan Secured for Supportive Housing Rehab in NY’s Dutchess County
The renovation of 116 units of supportive housing at Hudson River Lodging has been made possible through a $2.4 million permanent loan.
Economy Watch: Gas Prices Pause in Upward March
Gas prices did something a little unusual over the weekend: they went down slightly. According to AAA, Saturday’s national average was down a 10th of a cent per gallon compared with Friday, and Sunday’s average was down a bit more compared with Saturday, from $3.78 to $3.777 a gallon.
Health-Oriented Low Income Community Opens in the Bronx
A 124-unit asset with a hydroponic farm opened yesterday in the Bronx. The Arbor House is part of New York’s New Housing Marketplace Plan, and was developed by Les Bluestone.
TODAY’S DEALS: Walker & Dunlop Provides $31.8M Refi for San Diego Portfolio
Walker & Dunlop arranges a $32.8 million refinance for a San Diego portfolio; and NorthMarq Capital arranges a $20 million bank loan for an off-campus student housing portfolio.
Philly Investor Bags Jacksonville Apartment Community for $56M
GoldOller Real Estate Investments LLC has acquired Country Club Lakes Apartments for $56 million.
Hebron Properties Brings ‘Great Australian Living’ Concept to Bangalore
Hebron Properties, an India-based real estate developer, has launched an ultra-luxury residential project near T.C. Palya in K.R. Puram in Bangalore.
Walker & Dunlop Arranges $157M in Finance for Off-Campus Housing
Real estate finance specialist Walker & Dunlop Inc. reports that it originated $157.1 million in financing for off-campus student housing properties located nationwide last year, an indication of the popularity of that kind of multifamily development, particularly as sustained by the GSEs.