Market Rate
Dougherty Closes $15M Fannie Mae Loan for TX Property
Through a partnership with Old Capital Lending, the company arranged the 12-year loan for the acquisition of a 232-unit community in the Dallas area.
Related Breaks Ground on SF Property
The 299-unit project, known as 1601 Mariposa, will include 60 affordable apartments and more than 9,400 square feet of street-level retail.
Michaelson Buys $10M Tampa Bay Community
The company purchased Forest Creek Apartments, a 104-unit property located in Largo, Fla., from Insula Capital.
LA-Area Property Commands $66M
HFF brokered the sale of The Andalucia, a 118-unit community located in Pasadena. The asset also features 11 affordable units and 7,500 square feet of retail.
Torchlight Investors, Hampshire Properties Snag MD Asset
Milestone Apartments has 576 units in 27 buildings spread across 32 acres of land. The new owners are planning a value-add strategy that will include various upgrades.
Lane Star Properties Snags $35M TX Community
Walker & Dunlop arranged $26.2 million in acquisition financing for the purchase of Edentree Apartment Homes in Carrollton.
East Bay Community Secures $13M Refi
Walker & Dunlop arranged the loan to retire the previous 10-year, $8.7 million Fannie Mae mortgage for Regency Plaza in Martinez.
Hunt Mortgage Provides $11M for Phoenix Community
The loan also includes a $1.6 million future funding commitment designated for capital improvements at the 104-unit Regency Park Apartments.
EJV Buys Vintage Property in FL
American Landmark purchased a 316-unit community in an equity joint venture with RSE Capital. The new ownership will invest an additional $3.5 million to bring the building to contemporary standards.
PA Community Changes Hands for $12M
The transaction is representative of the strong demand for multifamily assets in the Harrisburg-Carlisle MSA, a growing alternative market, according to Rittenhouse Realty Advisors.