Regions
DEAL OF THE DAY: Arbor Participates in Small Loans Space with $688,000 Financing
Arbor Commercial Funding LLC recently funded a $688,000 loan under the Fannie Mae DUS Small Loan product line for the 17-unit complex known as Cedar Brook Apartments in Portland, Ore.
Mortgage Relief for Borrowers Hit by Floods: Freddie Mac
In the wake of flooding in certain parts of the East Coast, Freddie Mac has said that it will extend mortgage relief to property owners affected by the disasters
Mark-Taylor Residential Receives Highest Volunteer Honor in Arizona
Arizona Gov. Jan Brewer and the Governor’s Commission on Service and Volunteerism honored Mark-Taylor Residential with a prestigious state volunteerism award for the firm’s involvement in helping homeless families.
New Website Offers Tools to Increase Energy Efficiency in Va. Historic Buildings
A new Web site offers owners of historic buildings in Virginia information on how they can work with existing building materials and architectural features to increase energy efficiency in their properties.
Tenants Want Bank to Pony Up for Maintenance on Foreclosed Bronx Apartments
The tenants at 3018 Heath Ave. and nine other buildings in The Bronx want their landlord to make repairs to their buildings.
Berkadia Commercial Mortgage Hires Louis Weisman, Will Focus on Needs of MF Owners, Developers in Seattle
Berkadia Commercial Mortgage LLC (Berkadia) has hired industry veteran Louis Weisman
INSIDE THE DEAL: Beech Street Capital provides $1.6M Fannie Mae Permanent Loan
Beech Street Capital, LLC provided a $1.6 million fixed-rate loan for the refinance of Steven’s Walk Apartments. The transaction was originated by Beech Street Capital under the Fannie Mae DUS Small Loan program.
MARKET SNAPSHOT: Indianapolis Rental Market on the Rise; Only Sales are Involuntary
The rental market in Indianapolis is on its way to a recovery, according to George Tikijian, principal broker of Tikijian Associates.
Many Apartment Hunters Prefer Green Digs
According to a recent survey by Apartments.com, many people in the market for an apartment are now actively looking for green features in their dwellings.
Sales Reach 40 Percent Sales Mark at Jersey City Condo
Jersey City, N.J.—The Saffron, a luxury condominium located in downtown Jersey City, has reached a mark of just under 40 percent of total units sold. The Saffron contains 76 condominiums, and is located two blocks from the Grove St. PATH station. The developer, Fields Development Group, held an auction at the property last November, which resulted in the eventual sale of nine units. After that, sales were suspended until late December, as a new marketing plan was initiated, says James Caulfield, Jr., a principal of Fields Development Group. Apartment sales since the December re-opening have averaged about six a month,…