Northeast
Philadelphia Multifamily Wrap-Up – May 2020
Morgan Properties scores $661 million loan. Lindy Property Management gets Huntingdon Valley community refi. Catch up with our May selection of Philadelphia must-reads.
Coltown Properties Sells Brooklyn Portfolio for $82M
Merchants Bank of Indiana facilitated the 385-unit buy with more than $65 million in acquisition financing.
Lena Park Secures $26M for Boston-Area Community
MassHousing provided two loans for capital renovations and extension of affordability at the 143-unit property in Dorchester.
New York Assisted Living Facility Lands Construction Financing
Greystone provided the HUD-insured loan for the 84-unit, 110-bed property in Clarence Center.
NRP Group Breaks Ground on Boston-Area Community
CIBC secured construction financing for the 184-unit property, which is scheduled for completion by 2021.
CIM Group JV Gets $131M Brooklyn Project Loan
Slated for delivery in late 2021, the 728-unit development will have a mix of rentals and condominiums.
New York City’s Rent-Stabilized Properties Struggle with Shortfalls
Rent payments trail national averages, while commercial payments at mixed-use properties are faring considerably worse, an owners’ group reports.
BRP Cos. Eyes $286M Queens Project
Site work is under way for the 605-unit, mixed-income development in the Jamaica neighborhood.
Dougherty Mortgage Refinances Philadelphia-Area Affordable Asset
The mortgage banking firm provided the 10-year financing in collaboration with LSG Lending Advisors.
Woodmont Properties Sells New Jersey Community for $44M
The buyer received nearly $33 million in acquisition financing from Kearny Bank.