West
DEAL OF THE DAY: George Smith Arranges Interest-Only Financing, Finds Buyer for Borrower
Redlands, Calif.–George Smith Partners arranged $12.8 million in Freddie Mac financing and a $16.6 million sale for a 198-unit, Class B multifamily property in Redlands, Calif., announces David Rifkind and Steve Bram, principals and managing directors of George Smith Partners.
DEAL OF THE DAY: Arbor Locks in 5.95% for 10-Year Terms on Two Small Loans
McKinleyville, Calif. –Arbor Commercial Funding LLC recently oversaw the funding of two loans under the Fannie Mae DUS Small Loan product line.
DEAL OF THE DAY: Arbor Locks in 5.95% for 10-Year Terms on Two Small Loans
McKinleyville, Calif. –Arbor Commercial Funding LLC recently oversaw the funding of two loans under the Fannie Mae DUS Small Loan product line.
DEAL OF THE DAY: Colliers Participates in Sale of Multifamily Property in Calif. for $448,889/Unit
San Clemente, Calif.–Colliers International directed the sale of a three-building, nine-unit apartment complex located at 265 W. Marquita here. The transaction was valued at $4,040,000 or $448,889 per unit.
DEAL OF THE DAY: HFO Announces Sale of Apartment Complex for $17M or $77,273/Unit
Clackamas, Ore.–HFO Investment Real Estate brokered the sale of the Twin Creeks Apartments, a 220-unit apartment complex built in phases starting in 1996 and completed in 1999.
San Francisco’s Condo Market on Upswing Again After June’s Decline
an Francisco–The economic crisis did not bruise San Francisco as badly as certain other major California cities like Los Angeles and San Diego, so its condominium market has not fared as poorly during the downturn.
DEAL OF THE DAY: George Smith Supplies Large, $32M, Construction Loan to Buyer to Complete Multifamily Project
Hollywood, Calif.–George Smith Partners, on behalf of an institutional client, completed a $32 million multifamily construction loan transaction.
PCCP and Ohio Public Employees Retirement System Form New Venture To Originate Senior Commercial Mortgages
San Francisco–PCCP, LLC and the Ohio Public Employees Retirement System have teamed up to form a new venture that will originate first mortgages.
Much-Needed Market-Rate Faculty Apartment Complex Debuts in Pricey Redwood City, Calif.
Redwood City, Calif.–Those in the business of education do not earn sky-high salaries, so the availability of market-rate housing, particularly in high-price residential markets, is a key concern.
Q&A: KeyBank Real Estate Capital’s Christa Chambers Tackles New Role and Changing Market
Bellevue, Wash.–Three months after taking on her new role, she speaks to MHN about issues ranging from her new responsibilities and goals to the current state of the financing in the multifamily market.