Midwest
DEAL OF THE DAY: Bernard Financial Originates $9.76M Loan for Prudential Huntoon Paige
Roseville, Mich.–Bernard Financial Group arranged a $9,760,700 loan for the Kensington Place Apartments.
MHN Interview with Armand Brachman: Acquisitions Will Be Significant Part of Dominium’s Growth in Foreseeable Future
Armand E. Brachman talks to MHN about Dominium’s acquisition strategy and how development has taken a back seat in the firm’s growth plans in recent years.
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.