Midwest
DEAL OF THE DAY: Alliant Capital Completes $7.4M Refinance for Maturing CMBS Loan
Marion, Iowa –Alliant Capital LLC has refinanced the Regal Townhomes in Marion, Iowa.
MARKET SNAPSHOT: Madison, Wis. Looks to See How Shadow Market Affects Rentals
Madison, Wis.–The Madison, Wis. apartment has hit the bottom.
Fundamentals of Multifamily Look Promising: CoStar Webinar
Chicago–Vacancies fell in the largest markets 30 basis points in the first six months of 2010.
Freddie Mac Chief Economist Foresees Slow But Steady Recovery for Economy, Housing
Schaumburg, Ill.–Frank E. Nothaft, chief economist of Freddie Mac is optimistic that there is a recovery under way, positing that a double-dip recession is unlikely.
Survey: Most Tenants Don’t Bother With Renters Insurance
Chicago–According to a recent report by Apartments.com, most apartment dwellers don’t have renters insurance.
DEAL OF THE DAY: NorthMarq Arranges $28.876M Freddie Mac Refi for Mixed-Use Property
Chicago– NorthMarq Capital’s Chicago office has arranged fixed-rate financing of $28.876 million for Pensacola Place.
Multifamily Finance: A Tough Road, But Not Impossible
MHN recently spoke with Ryan Welsh, principal at Aries Multifamily, about the prospects for multifamily finance in the near- to mid-term.
DEAL OF THE DAY: Marcus & Millichap Lists $21M Distressed Mobile Home Park for Short Sale
Westland, Mich.–Marcus & Millichap Real Estate Investment Services retained the exclusive listing for Westland Meadows.
DEAL OF THE DAY: Bernard Financial Sources $13M Financing for Mich. Property from Life Insurance Co.
Bernard Financial Group arranged a $13,000,000 loan for the Westlake Apartments. The financing comes from Minnesota Life insurance Co.