Pensam Funding
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Houston-Area Communities Land $87M in Financing
Two Houston-area multifamily assets, totaling 1,553 units, received $87 million in financing. Combining first mortgage and mezzanine loans, both projects obtained floating-rate, interest-only and non-recourse loans.
Houston 16 October 2017 13:35
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Economy Watch: GAO Finds Hightened Risk Among CRE Lenders
Changes in underwriting standards, property prices and other data suggest that credit and concentration risks have increased in bank CRE lending, according to a new GAO study.
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Dougherty Closes Acquisition Loan for Minneapolis Asset
The company worked on behalf of the borrower to secure the 35-year term HID 223(f) acquisition and rehabilitation loan. The borrower will invest $34,000 per unit in upgrades.
02 July 2018 16:17 -
Rents Rebound Amid Boston Building Boom
The metro’s economy remains on sound footing, generating high-paying jobs at a fast rate and driving demand for upscale housing.
29 January 2018 17:39 -
Fairfield Residential Sells 133-Unit Boston Asset
CBRE facilitated the sale of Baker Chocolate Factory Apartments, a three-building property converted for residential use in the 1980s.
15 January 2018 15:21