Northeast
Clipper Equity’s Flatbush Gardens Lands $329M Refi
New York Community Bank provided the REIT with the 12-year note for one of Brooklyn’s largest affordable housing assets.
JLL Secures $30M for New Jersey Community
Thomas Didio and Gerard Quinn led the team working on behalf of the borrower, Tower Management Service.
Pairing Sustainability and Affordable Housing With Sadie McKeown
CPC Executive Vice President & Head of Construction Lending Sadie McKeown on energy efficiency and green initiatives in the affordable housing sector.
Long Island City Community Gets $65M Loan
The Freddie Mac mortgage secured by Greystone retires an existing construction loan and provides additional capital.
Multifamily Trends in NYC, New Jersey: Similarities and Differences
Circle Squared Alternative Investments CIO Jeff Sica weighs in on the region’s multifamily market and what renters will be drawn to once the crisis subsides.
Philadelphia Multifamily Wrap-Up – April 2020
Affordable project lands $30 million in federal funds. Berkadia expands investment team. Read our April list of Philadelphia must-knows.
New York Extends Eviction Moratorium
Governor Cuomo announced the state would also ban late fees and missed-payment fees during the moratorium period.
RiseBoro Sells Brooklyn Skilled Nursing Facility for $59M
The 240-bed Buena Vida Continuing Care and Rehabilitation Center provides long-term care and short-term rehabilitation.
Nonprofit Lands Financing for Affordable Community
MassHousing and Rockport Mortgage Corp. provided a permanent loan that will preserve and extend the 60-unit property’s affordability.
COVID-19’s Effects on Philly’s Multifamily Market
Rittenhouse Realty Advisors’s Ken Wellar and Corey Lonberger talk about their clients’ most common fears and what to expect from the sector going forward.