Regions
DEAL OF THE DAY: Arbor Closes $4,000,000 Fannie Mae DUS Coop Loan
Topeka, Kansas- Arbor Commercial Funding LLC arranged the funding of a $4,000,000 loan under the Fannie Mae DUS MAH Coop Loan product line for the 200-unit complex known as Fox Ridge Townhouses in Topeka, Kansas.
Seniors Housing Community to Open In Bryan, Texas in 2011
Isle at Watercrest, an assisted living and skilled nursing community will open in 2011 in Bryan, Texas, a city where about 10 percent of the population is 62 years and older
MARKET SNAPSHOT: Southeast Michigan Shows Some Signs of Recovery
Although it is still struggling to some extent, downtown Detroit has shown some positive signs of slowly bottoming out, especially given the auto industry’s gradual rebound.
SureDeposit Hires Regional Account Manager, Analyst
Paul Garcia has joined SureDeposit as a regional account manager and Frank DiMarzio has joined SureDeposit as an analyst.
Ted Tozer Is New President of Ginnie Mae
Ted Tozer was sworn in today as the President of the Government National Mortgage Association (Ginnie Mae).
Alexander Biagoli Appointed Director in Arbor’s NYC Office
Arbor Commercial Funding LLC has appointed Alexander Biagoli to director in Arbor’s New York City office. Biagoli is responsible for originating loans nationwide using Arbor’s complete product portfolio, with a specialty in Fannie Mae DUS and FHA transactions. He reports to Ken Fazio, vice president, National Sales Manager.
Lettire Presses on With NYC Affordable Housing
Private housing developers like Lettire Construction are pressing forward with affordable housing projects in the city.
MHN Interview with Stuart Saft: “There Will Be Large Number of MF Foreclosures by Mid-Year”
Stuart M. Saft is the new Chair of the Global Real Estate Practice at Dewey & LeBoeuf. He talks to MHN about the impending foreclosure crisis in the multifamily sector.
DEAL OF THE DAY: Boston Capital Invests in Affordable MF Development in Calif.
Boston Capital provided equity, and construction and permanent loan, for Summer Hill Place, which will be a 50-unit multifamily development in Fresno, Calif.
MyNew Place, Walk Score Form Partnership to Boost Walkable Communities
Apartment dwellers have typically focused on factors such as the length of their commute to work and the quality of schools when choosing which community to live in. But, a community’s walkability also seems to be playing a larger role in the decision-making process.