Northeast
Brooklyn Multifamily Report – Spring 2021
Although still in negative territory year-over-year, rates have been steadily recovering after a November 2020 bottom.
Natixis Originates $60M Refi for Brooklyn Asset
Meridian Capital Group arranged the financing package for the Class A multifamily property.
Affordable Senior Housing Property Opens in Philadelphia Suburb
The 68-unit community has already welcomed its first residents.
YS Developers Lands $63M Loan for Bronx Project
The financing will go toward building a mixed-income community in the Mott Haven neighborhood.
Parkview Financial Provides $90M Financing for Luxury Development
The 23-story building will rise in Lower Manhattan near the foot of the Brooklyn Bridge.
New York Affordable Senior Housing Project Kicks Off
The adaptive reuse of the 110-year-old building will target LEED Gold certification and add 109 affordable units in Westchester County.
Affordable Suburban Philadelphia Housing Lands $35M HUD Grant
A public-private partnership will use the funding to rehabilitate and expand the 306-unit asset in Camden, N.J.
Tackling Affordable Housing in the Northeast
Standard Communities’ Sean Carpenter delves into the challenges affecting the region’s multifamily market, but also weighs in on signs of growing economic vitality across the area’s main metros.
Greystone Provides $50M Loan for Metro Philadelphia Property
Goldcrest Management used the Freddie Mac financing to acquire a 484-unit apartment community in Pine Hill, N.J.
Lender Counts on New York Metro Comeback to Be Quicker Than Expected: Q&A
Slate Property Group Co-Founder & Principal Martin Nussbaum on opportunities in the transitional loan market.