Northeast
Manhattan Community Lands $136M Green Loan
Freddie Mac extended the 10-year loan to Rachel Bridge owner Clipper Equity, in a deal arranged by Walker & Dunlop. The financing will facilitate property renovations to cut down on energy and water usage.
2 NYC Projects Land $181M in Financing
Merchants Capital secured financing for two affordable housing developments in the East Harlem and Flatbush neighborhoods that together total 659 units.
Upscale Boston-Area Community Breaks Ground
Developed by The NRP Group with construction financing from Capital One Financial Corp., the 145-unit property is situated directly across from Revere Beach on the Atlantic Ocean in the city of Revere.
Brooklyn Luxury Community Lands $75M Refi
Cushman & Wakefield arranged the loan for The Lane at Boerum Place, a 108-unit residential tower built in 2017 by Quinlan Development Group and Lonicera Partners.
MRC Provides $138M Loan for Manhattan Condo Project
Happy Living Development received financing to build a 155-unit condo project with retail space in West Harlem. Foundation work has already wrapped up.
Falcon Pacific Builders Tops Out Queens Project
Developed by the Saab Family LP, the 50-unit mixed-use building in the Astoria neighborhood is on track to be completed by November.
Philadelphia Luxury Community Gets Fannie Mae Refi
Arbor Realty Trust Inc. has provided a $6.4 million Fannie Mae loan for a recently completed 39-unit multifamily property in the Point Breeze neighborhood.
1st Phase of Affordable NJ Project Opens
The Jersey City Housing Authority and The Michael’s Org. unveiled the first 21 units of Mill Creek Gardens. When complete, the property will encompass 126 apartments.
Brooklyn Multifamily Report – Winter 2019
The borough’s stock expansion reached a new cycle peak in 2018, with most of the new supply geared toward high-income residents.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in February 2019 in New York City.