DEAL OF THE DAY: Charles Dunn Co. Closes $2.15M Sale at Asking Price
Hamid Soroudi and Cari Widman of Charles Dunn Company’s
DEAL OF THE DAY: Deutsche Bank Berkshire Mortgage Arranges $14.3M for Student Housing
Deutsche Bank Berkshire Mortgage (DBBM) recently provided a $14.3 million Freddie Mac loan for the refinancing of Capri at University of Oregon Apartments, a 100 percent dedicated student housing property located across the street from the main campus at the University of Oregon.
New TOD Comes Opens in Anaheim
Irvine, Calif.–The Crossing, a new luxury, transit-oriented apartment community in Anaheim, Calif. recently opened 100 of its 312 units. Developed by SARES•REGIS Group and designed by KTGY Group, Inc., Architecture and Planning, The Crossing is an amenity-rich, pet and eco-friendly community adjacent to the Metrolink Anaheim Canyon Station. While the remaining units will be ready this July, people have already moved into units that have been completed. Demand has been positive, according to the developer, even though, rents Saris•Regis did have to reduce the rents by 10 percent in keeping up with the downturn in the economy. Located at 3530…
DEAL OF THE DAY: Arbor Participates in Small Loans Space with $688,000 Financing
Arbor Commercial Funding LLC recently funded a $688,000 loan under the Fannie Mae DUS Small Loan product line for the 17-unit complex known as Cedar Brook Apartments in Portland, Ore.
Berkadia Commercial Mortgage Hires Louis Weisman, Will Focus on Needs of MF Owners, Developers in Seattle
Berkadia Commercial Mortgage LLC (Berkadia) has hired industry veteran Louis Weisman
Apartment Building with Construction Defects to Be Vacated, Dismantled
A Seattle apartment building in danger of structural failure
DEAL OF THE DAY: Walker & Dunlop Closes $45.6M Fannie Mae Refi Loan
Walker & Dunlop provided a $45,600,000 loan for The Presidio complex
MARKET SNAPSHOT: Downtown Phoenix May Be Only Bright Spot in Entire Market
Despite Phoenix’s reputation as having a high foreclosure