Northeast
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.
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.