West
DEAL OF THE DAY: Mesa West Supplies $12.5M through its Fund for Acquisition and Lease Up of New Multifamily Property
Woodinville, Wash.–Mesa West Capital has provided an affiliate of Pacific Property Co. and JP Morgan Investment Management with $12.5 million in first mortgage financing.
MHN Interview with Joel Kelly: Bank-Owned REO Properties Are Bulk of Transaction Activity in East Bay
Joel Kelly, president of BAA, talks to MHN about the how the group got started and what their goals are.
DEAL OF THE DAY: Raintree Partners Acquired Three Properties in Calif. For $30.6M
Pomona, Calif.–Investor and developer Raintree Partners has acquired a portfolio of three multifamily properties.
DEAL OF THE DAY: Hendricks & Partners Negotiates Sale of Active-Adult Mixed-Use Apartments for $18.75M
Hendricks & Partners participated in the sale of FountainGlen at The Villa, located at 4000 South El Camino Real in San Mateo, Calif. The 135-unit mixed-use senior apartment and retail community was sold for $18,750,000.
DEAL OF THE DAY: Walker & Dunlop Closes $35.7M Refi Loan
Santa Clara, Calif.–Walker & Dunlop provided a $35,700,000 long-term loan for Bella Vista Apartments.
Urban Housing Begins Construction on Affordable Community in Big Bear Lake
Santa Ana, Calif.–Urban Housing Communities LLC (UHC) will construct The Crossings at Big Bear Lake, a 42-unit affordable housing community.
DEAL OF THE DAY: Occupancy Offset by Low Leverage in Arbor’s $1.5M Fannie Mae Small Loan
Pittsburg, Calif – Arbor Commercial Funding LLC recently funded a $1.5 million loan under the Fannie Mae DUS Small Loan product line.
Southern California Land Values Deep In Recovery Mode
Irvine, Calif.–In Southern California, the bottom of the land market came and went a long time ago, according to a report by The Hoffman Company.
DEAL OF THE DAY: NorthMarq Arranges $25.388M, Interest-Only, Fannie Mae Loan through AmeriSphere
NorthMarq Capital’s San Francisco regional office has arranged a $25.388 million first mortgage for Jefferson at Carmel Mountain Ranch.
Affordable Housing Project in Southern California’s Orange County Garners Council’s Approval
Irvine, Calif.–Jamboree Housing Corp.’s development of a 70-unit affordable housing community in Buena Park, Calif., took a big step forward.