Regions
Manhattan Community Lands $136M Green Loan
Freddie Mac extended the 10-year loan to Rachel Bridge owner Clipper Equity, in a deal arranged by Walker & Dunlop. The financing will facilitate property renovations to cut down on energy and water usage.
2 NYC Projects Land $181M in Financing
Merchants Capital secured financing for two affordable housing developments in the East Harlem and Flatbush neighborhoods that together total 659 units.
FSC Realty Buys Seattle-Area Community for $58M
The real estate investment firm picked up the 230-unit multifamily asset from Goodman Real Estate. Berkadia arranged the sale of the property, located in the Seattle suburb of Lynnwood.
Could Opportunity Zones Impact Residential Condo Developments?
One Nashville real estate investor and developer said the unintended consequence of Opportunity Zones in the rapidly growing city could mean a further constraint on the condo market, particularly in the downtown core.
Zillow Launches Mortgage Lending Platform
The real estate listings giant has announced that it will offer mortgages to consumers through Zillow Home Loans, a rebrand of the former Mortgage Lenders of America.
Upscale Boston-Area Community Breaks Ground
Developed by The NRP Group with construction financing from Capital One Financial Corp., the 145-unit property is situated directly across from Revere Beach on the Atlantic Ocean in the city of Revere.
Tucson Community Trades for $22M
The developer had owned the asset for more than 30 years. The buyer, Element Property Co., is pursuing a value-add strategy, indicative of the city’s dominant multifamily investment trend.
Poll: Tax Bill Impact
MHN has a new poll! We want to know how the changes brought about by the Tax Cuts and Jobs Act of 2017 affected your business.
Walker & Dunlop Arranges $16M Loan for Affordable CA Asset
Bridge Housing is building a 68-unit property in San Mateo, dubbed Bay Meadows Apartments, that is scheduled for completion in June 2020.
Avanath, OAG Target Opportunity Zones with New Fund
The joint venture has launched a Qualified Opportunity Zone Fund with a target raise of $300 million for those interested in affordable and workforce housing investments.