News

Texas Multifamily Portfolio Lands $77M Refi

The portfolio was refinanced over the course of six months, with Walker & Dunlop Vice President Dough Hart leading the origination team. The 10-year term Fannie Mae loans have 30-year amortization schedules.

Market Rate

Baltimore Community Lands $73M HUD Construction Loan

The 317-unit Berkleigh in Middle River is part of Baltimore Crossroads @ 95, a large-scale project that will encompass office space, retail, two hotels, 1,000 homes and two multifamily properties.

Market Rate

WTC Secures $70M for Suburban Chicago Property

The company obtained construction and permanent financing for the 301-unit residential component of Wheeling Town Center, a mixed-use development.

Finance & Investment

Regions

Change City

Gelt Enters Albuquerque Market

The company purchased Mountain Run Apartments from Chartwell Capital Partners and has plans to renovate and upgrade the amenity spaces.
Albuquerque 27 June 2017 15:59
Pathfinder Completes Luxury Condos at Sky Las Vegas

The 390,000-square-foot Sky offers 409 units with a mix of one-, two- and three-bedroom floorplans. The building is conveniently located on the Las Vegas Strip.
Las Vegas 27 June 2017 15:04
Miami’s Top 10 Residential Skyscrapers

Boasting the third tallest skyline in the U.S., the city features 225 multifamily towers rising more than 10 stories high. Here are some noteworthy examples, including several still under construction.
Miami 27 June 2017 14:37
Hollywood Communities Command $24M

Vista Investment Group sold a pair of properties: 58-unit Avondale Hollywood and 36-unit Sunset Formosa. The deals netted the company $11 million in profit.
West 27 June 2017 14:19
Construction Industry Backlog Up

The amount of construction work under contract but not yet completed rose to nine months, according to the Associated Builders and Contractors latest Construction Backlog Indicator, implying expanding demand for construction services, or a shortage of construction labor in a few markets.
National 27 June 2017 13:12
Indianapolis: Full Speed Ahead

Demand for apartments continues to be strong, thanks to the locale’s relative affordability. The city’s high-quality education system and skilled workforce attract residents and employers, propelling economic growth.
Indianapolis 27 June 2017 09:55
Interra Closes on Chicago Multifamily Deal

The 43-unit property located in Rogers Park changed hands for $3.9 million. In addition to the residential units, the building offers 1,200 square feet of office space.
Chicago 27 June 2017 09:10