Multifamily news in New Orleans
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Sims Mortgage Obtains $26M HUD Loan for New Orleans Project
The proposed 178-unit community, Elan at Terra Bella, will be designed to meet green building standards, thus enabling a much lower mortgage insurance premium of .25 percent.
15 June 2018 19:46 -
Berkadia Facilitates $56M Portfolio Sale in New Orleans
The two communities are located within three miles of one another, just south of downtown New Orleans and the French Quarter.
15 June 2018 19:03 -
Marcus & Millichap Capital Arranges $22M for New Orleans Property
Oakmont Apartments is a 336-unit garden-style community that includes a swimming pool, a sundeck and a tennis court.
02 May 2018 15:37 -
KeyBank Secures Financing for 2 Student Housing Assets
Trevor Ritter of Key’s Commercial Mortgage Group arranged the Freddie Mac loan for Oakbrook Apartments and Eagle Landing Apartments, totaling 384 units.
25 April 2018 14:36 -
Audubon Communities Grabs New Orleans Portfolio
The new owner plans to invest more than $4 million in upgrades on the four properties, which opened between 1969 and 1974.
26 February 2018 13:59 -
CBRE Secures $29M for Baton Rouge Community
The bridge loan will allow the borrowers to complete construction on River House Apartments, a 244-unit community with retail and office space, adjacent to the the Water Campus research park.
17 November 2017 14:14 -
AVR Realty Sells $250M Portfolio
El-Ad National Properties acquired the nine-property portfolio consisting of pet-friendly communities in Lafayette, Shreveport and Slidell, La., totaling 2,079 units.
26 July 2017 18:52 -
Top 10 Markets for Occupancy Growth
Despite unfavorable conditions, certain areas are deviating from the national trend and have seen an increase. Here is a list of the 10 markets with the greatest year-over-year growth in occupancy as of April 2017.
12 June 2017 15:33 -
Dougherty Arranges Refi for Louisiana Community
The 17.6-year Fannie Mae loan originated by Dougherty’s Minneapolis office has a 30-year amortization schedule. The $1.3 million financing will be utilized to refinance an 80-unit residential property.
09 June 2017 13:56 -
Domain Starts Condos in Crescent City
Domain Cos. is developing a high-end condominium project in the South Market neighborhood of downtown New Orleans.
31 August 2016 19:49 -
Bellwether Enterprise Closes $31M Loan for Affordable Housing in New Orleans
Village of Versailles will feature 400 affordable units by the end of 2017, restoring some of the housing stock lost during Hurricane Katrina.
29 August 2016 12:15 -
Dougherty Mortgage Closes $29M Loan for New Orleans Community
Dougherty Mortgage recently closed a $29 million refinancing loan for Calypso Bay, a 280-unit multifamily community in NOLA.
05 April 2016 13:38 -
Preston Hollow Capital Provides Loan for Senior Community in Louisiana
Preston Hollow Capital with the Louisiana Public Facilities Authority completed a loan worth nearly $30 million for the assisted living and memory care facility Inspired Living at Kenner.
14 January 2016 10:35 -
Cotton Exchange Takes a Trip to New Orleans
Cotton Exchange Investment Properties LLC announced the acquisition of the AC Hotel New Orleans Bourbon/French Quarter Area.
25 September 2015 13:12 -
Carlson Hotel Opens in New Orleans
A brand new Country Inn & Suites By Carlson hotel opened in New Orleans. The Country Inn & Suites By Carlson, Slidell-New Orleans East will offer 75 guest rooms with a variety of suites and configurations.
15 September 2015 15:11