National
TODAY'S DEALS: JV Secures Site for 249-Unit Development
A Seattle joint venture secures the site of a $96 million development; Beech Street Capital lands $53 million for two portfolios in Northern California; and Walker & Dunlop provides a $36.4 million loan.
Lenders Lose Less on Multifamily Loans, MBA Says
The Mortgage Bankers Association has reported that lenders lost less on multifamily mortgages in 2011 than they did in 2010, another sign of the increasing strength of the multifamily market.
MHN Interview: Identifying Problem Renters Before They Even Sign the Lease
Do you really know who’s living in your apartments? Joseph Killinger, who launched Rent Rite Directory, explains how the free directory can help property managers know if a perspective resident has a problematic renting history or a criminal record.
TODAY'S DEALS: Marcus & Millichap Sells 506-Unit Community in Dallas
Marcus & Millichap brokers the sale of a Dallas value-add property; M West Holdings buys 45 lofts in Los Angeles; and NorthMarq arranges a three-year, $10.9 million mortgage at a 30-year amortization schedule.
TODAY'S DEALS: HFF Arranges $400M Refi for 2,600 Units
Holliday Fenoglio Fowler lands a $400 million portfolio refinancing; a Pradeium, Brooktree partnership acquires an 81-unit asset; and Walker & Dunlop funds an $11.8 million refinance loan under Freddie Mac’s CME execution.
TODAY'S DEALS: MG Properties Buys Reno Asset for $27 Million
MG Properties Group buys a 324-unit asset in Reno, Nev.; FHLBank awards affordable housing grants for 59 projects; and Madison Realty acquires $28.7 million in non- and sub-performing loans.
TODAY'S DEALS: Bascom Buys California Asset for $20.4M
The Bascom Group acquires a 128-unit community; and Walker & Dunlop provides a $7.5 million financing under Fannie Mae’s early rate-lock program.
TODAY'S DEALS: HFF Lands $71.1M Construction Loan for Arlington High Rise
Holliday Fenoglio Fowler lands contruction financing for a Virginia asset; ARA brokers the sale of a 192-unit community; and Beech Street funds a $13.6 million refinance for a local bank borrower.
TODAY'S DEALS: Inland Student Housing Development Surpasses Lease-Up Goal
Inland American Communities surpasses its pre-lease goals at a Florida student housing development; a HUD community in Maryland trades for $10.3 million; and NorthMarq arranges $22.9 million in combined mortgages for three properties.
TODAY'S DEALS: IPA Sells 180-Unit Asset for $74M
IPA sells an asset totaling 180 units; Pembrook Capital provides an $8.4 million bridge loan; and NorthMarq arranges a $16.4 million refinance via a life insurance company.