West
JV Lands $37M Loan for Affordable Los Angeles Redevelopment
The 92-unit structure is the third phase of a $1 billion project that brings new life to a 700-unit public housing community dating from 1955.
Canyon Partners Invests $25M in Seattle-Area Development
The company partnered with American Capital Group and secured $45.5 million in construction financing.
Standard Communities Refinances San Diego Affordable Asset
Hunt Real Estate Capital provided nearly $21 million through the FHA 223(a)(7) loan program.
Greystone Provides $116M in Freddie Mac Loans
The refinancing covers three separate portfolios with a total of 34 multifamily properties in Los Angeles.
Kidder Mathews Brokers Seattle Community Sale
Executive Vice President Dan Swanson led efforts on behalf of the buyer in the $9 million transaction.
Los Angeles Multifamily Report – Spring 2020
With California the first state to impose shelter-in-place orders, the metro’s rental market shows early signs of softening.
Northeast Seattle Community Receives $25M Refi
The Freddie Mac loan pays down a 2015 mortgage of roughly the same amount from Opus Bank.
Sussex Capital Sells Suburban Los Angeles Community
HomeStreet Bank provided the buyer with a $7.2 million, long-term acquisition loan.
Suburban Seattle Community Trades for $21M
The new owner financed the purchase with a Fannie Mae loan provided by Greystone.
Albuquerque Apartment Portfolio Changes Hands
The buyer of the Class C communities’ 420 units assumed the seller’s CMBS financing as part of the deal.