Pacific Union International Inc.

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    The Bloc, located in Lubbock, serves students attending Texas Tech University and includes access to a swimming pool, a fire pit and a free Starbucks bar.

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    The company financed the acquisition of the 344-unit property with an $80 million loan, which will also be used to fully redevelop it.

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    As population gains further bolster demand, multifamily rents are prone to above-trend growth in the foreseeable future.

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    The company paid $10.8 million for a 152-unit value-add community in Jacksonville, financed by a nearly $8 million Fannie Mae loan.

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  • GSE Multifamily Activity

    MBA’s commercial/multifamily mortgage bankers origination index reported an 8 percent increase in the dollar volume of loans closed for Fannie Mae and Freddie Mac between the first quarter of 2017 and the first quarter of 2018.

    19 June 2018 15:41