By Anuradha Kher, Online News EditorNewport News, Va.–Alliant Capital closed an $11 million loan for the refinance of Village at Stoneybrook Apartments (pictured). The 256-unit garden-style community was built in 1974 and features 16, two-story residential buildings. Alliant’s loan has a 10-year term with nine years of yield maintenance and a 30-year amortization. The rate is fixed for the first nine years and then adjustable in the final year and was rate locked 90 days before the loan settled. KDX Ventures to Sell $144M in HUD LoansBoston–KDX Ventures (KDX), a partnership of DebtX and KEMA Advisors, will sell $144 million in multifamily and healthcare loans for the U.S. Department of Housing and Urban Development (HUD).The portfolio features 15 multifamily loans, ranging in size from approximately $1 million to $30 million. The collateral is located in 12 states in the East, South and Midwest. “KDX Ventures is expecting strong interest in these HUD loans due to increasing demand for product from investors around the world,” says DebtX CEO Kingsley Greenland. “Over the past three months, a significant new number of investors have entered the whole loan marketplace. The increasing liquidity is likely to mean very active bidding for the HUD loans.”Hendricks & Partners Arranges Sale of 294-Unit Property for $9MSaline, Mich.–Hendricks & Partners has arranged the sale of Riveroaks, a 294-unit property located at 801 Valley Circle Drive in Saline, Mich., for $9 million.The buyer is planning an extensive value-added improvement program. The improvement program is expected to begin in early February and renovated apartment will be available by Spring.
TODAY’S DEALS: Alliant Capital Closes $11M Apartment Loan, and Other Transactions
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