Regions
DEAL OF THE DAY: Deutsche Bank Berkshire Mortgage Provides $161.45M Loan for Acquisition of 11 Properties
Boston–Deutsche Bank Berkshire Mortgage (DBBM) recently provided a fund managed by Eaton Vance Management with a $161,450,000 loan to acquire a pool of 11 multifamily properties located across seven states.
Stalled Project in L.A. Resurrected
Los Angeles–Like so many developments that were stalled in the last couple of years because of financing issues, an 18-unit condominium project located at 817 Alfred St. between Santa Monica Blvd. and Melrose Ave. stood unfinished since 2005.
MHN Interview with Bill Killmer: Election’s Impact on Multifamily
Bill Killmer, senior vice president of legislative and political affairs at the Mortgage Bankers Association, talks to MHN about the impact of the election results on the multifamily industry.
MBA Report: Multifamily Mortgage Originations Continue to Climb in Third Quarter
Washington, D.C.–Year-over-year, quarter-over-quarter, the numbers for commercial and multifamily mortgage loan originations were on the rise, according to figures just released in the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations report.
DEAL OF THE DAY: Passco Completes Multi-Million Acquisition Of Foreclosed Property in Prime Location
Mcdonough, Ga. –Passco Companies LLC completed the acquisition of Sundance Creek, an elegant, Class A, 232-unit townhouse apartment community in metropolitan Atlanta, says company President William H. Winn.
Wilber School Apartments Wins Twin Distinctions for Green Adaptive Re-Use
Boston–The Wilber School Apartments have received both LEED gold certification under the LEED-for-Homes program, and a J. Timothy Anderson Award (a Timmy) for Best Historic Rehabilitation Involving New Construction.
KeyBank Real Estate Capital Comes Through with $106.7M for Seven NJ Seniors Housing Communities
Cleveland, Ohio–Real estate financing is still hard to come by, even for borrowers in the relatively stable seniors housing sector, but KeyBank Real Estate Capital recently stepped up to the plate for seven assisted living and age-restricted communities in New Jersey.
DEAL OF THE DAY: Beech Street Capital Provides $44.3M Freddie Mac Loan
Langhorne, Pa.–Beech Street Capital LLC provided a $44.3 million Freddie Mac Program Plus loan for the refinance of Middletown Trace Apartments.
Grubb & Ellis Apartment REIT to Get New Name
Santa Ana, Calif.–Grubb & Ellis Apartment REIT and Grubb & Ellis Equity Advisors L.L.C., the real estate investment and asset management arm of Grubb & Ellis Co., have severed their advisory and dealer-manager ties.
MHN Interview with Michelle Whetten: Enterprise Wants to Help Build 10,000 Units in the Gulf
Washington, D.C.–Michelle Whetten, who heads up Enterprise’s work along the Gulf Coast, talks to MHN about the work they are doing there, the financing challenges in building affordable housing projects and the importance of eradicating blight in many communities in the Gulf.