Midwest
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.
Leasing Agents Can Now Connect with Renters Through Live Chat
Chicago–This will allow renters to contact leasing professionals instantly.
DEAL OF THE DAY: Hendricks & Partners Helps Bank of America Sell Michigan REO Portfolio
Detroit–Hendricks & Partners has completed the sale of the Greenfield Portfolio, located in Detroit.
Affordable Apartment Project in Chicago Goes Green
Chicago–$9.8 million came through the federal American Recovery and Reinvestment Act.
DEAL OF THE DAY: NorthMarq Arranges $7.6M Mortgage via AmeriSphere Affiliate
Richfield, Minn.–NorthMarq Capital’s Minneapolis regional office arranged first mortgage financing of $7.6 million for The Oaks on Pleasant.
DEAL OF THE DAY: Arbor Closes $17,882,500 Fannie Mae Loan at 5.68% Interest
Fairview Heights, Ill.–Arbor Commercial Funding LLC recently funded a $17,882,500 loan under the Fannie Mae DUS product line for the 252-unit complex Longacre Ponds in Fairview Heights, Ill.
Downtown Chicago Apartment Fundamentals Strengthen
Chicago-Apartment fundamentals in downtown Chicago will probably strengthen in the near future.
Mixed-Use Tower, Containing 198 Luxury Apartments, Opens in Chicago
Chicago–Flair Tower is located at 222 W. Erie St. in the large arts district of River North in Chicago.
DEAL OF THE DAY: Hendricks & Partners Closes on $4.6M Sale
Hendricks & Partners brokered the $4,600,000 sale of the 268-unit Alpine Lake, located at 665 North Alpine Lake Drive.