Regions
West Virginia Seniors Housing to be Rehabilitated
Two West Virginia seniors housing properties have obtained redevelopment financing from Boston Capital. The residential complexes, which total 55 units, will be rehabilitated with an unspecified amount of tax credit equity through the Low Income Housing Tax Credit program.
KTGY Designs Award-Winning $10M Seniors Community
Heritage Oaks Senior Apartments, a seniors community in Oakdale, Calif., has recently opened. The $10 million community is environmentally friendly and has earned LEED Platinum certification.
Yardi Introduces New Enhancements to Yardi Resident Screening
Yardi announced today that it has completed several enhancements to Yardi Resident Screening™ designed to help clients operate more efficiently, manage risk better, comply with screening regulations and improve net operating income.
Freddie Mac Names Top Multifamily Lenders of 2012
Freddie Mac announced its highest-producing multifamily mortgage sellers of 2012. These are the lenders who transacted the most financing volume with Freddie Mac.
Mill Creek Residential Trust to Develop 235 Units in Glendale
MCREF Verdugo LLC, a joint venture sponsored by Mill Creek Residential Trust LLC, has purchased a 67,518-square-foot land parcel in Glendale, Calif., to develop 235 apartment units.
TODAY’S DEALS: Steadfast Buys San Antonio-Area Asset for $34.6M
Steadfast Income REIT closes a 288-unit buy; Kislak Company brokers two sales in Pensacola, Fla.; and UC Funding provides a $4 million investment to facilitate a recapitalization in Florida.
Economy Watch: Some Banks Easing Some Lending Standards
The Federal Reserve reported on Monday in its Senior Loan Office Opinion Survey on Bank Lending Practices for January that “generally modest fractions” of domestic banks have reported eased their standards across major loan categories over the past three months.
New Manhattan Rental Property Unveils Lobby Artwork
Related Cos. has unveiled four works by painter Derek Reist at 1214 Fifth Ave., its 53-story rental tower in Carnegie Hill, on the Upper East Side of Manhattan.
Fannie Mae and its Lenders Finance $33.8 Billion in Multifamily Loans in 2012
Fannie Mae provided $33.8 billion in financing to the multifamily market in 2012, the third highest acquisition year in its history.
21 Percent Drop In Volume of Commercial and Multifamily Mortgages Maturing This Year
$119.5 billion, 8 percent of the outstanding balance, of commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2013, a 21 percent decline from the $150.6 billion that matured in 2012, according to today’s release of the Mortgage Bankers Association’s (MBA) 2012 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes.