Subscribe to this RSS feed
Commercial Lending

Commercial Lending (310)

Elevation Financial Sells Baton Rouge Housing Community

Elevation Financial Sells Baton Rouge Housing Community

Wednesday, 23 January 2019
Commercial Lending
Written by
Elevation Financial Group, a provider of senior and multifamily affordable housing, has sold Serenity Apartments at Baton Rouge. The 328-unit multifamily community sold for $15.5 million or $47,256/unit. Elevation purchased the property in August 2016 for $4 million or $12,195/unit. At the time of acquisition, almost half of the apartment units weren’t fit to live… Read more...
Tagged under
Freddie Mac, RBC Close $180M Low-Income Fund

Freddie Mac, RBC Close $180M Low-Income Fund

Tuesday, 22 January 2019
Commercial Lending
Written by
Freddie Mac and RBC Capital Markets’ Tax Credit Equity Group have closed a $180 million Low-Income Housing Tax Credit Fund, and they have already completed several transactions. Ten transactions have closed, including two in Puerto Rico and eight in New York, South Carolina, Tennessee, Texas and West Virginia. The closing marks Freddie Mac’s fourth LIHTC… Read more...
Tagged under
Greystone Provides $14.7M in Freddie Mac Loan

Greystone Provides $14.7M in Freddie Mac Loan

Monday, 21 January 2019
Commercial Lending
Written by
Greystone, a commercial real estate lending company, has provided a $14,796,000 million Freddie Mac loan for the acquisition of SouthGlenn Place, a multifamily property located in Denver. The financing was originated by Ana Ramos of Greystone’s Los Angeles office, while both the seller and buyer were represented by Greystone Unique Apartment Group. [caption id="attachment_9227" align="alignright"… Read more...
Tagged under
NAPA Sells Four Properties

NAPA Sells Four Properties

Friday, 18 January 2019
Commercial Lending
Written by
NAPA Ventures has sold four Dallas-based properties--Westwood Apartments, Ravenwood Apartments, Oates Creek Apartments and Brandon Mill Apartments. Combined these units make up roughly 700 of NAPA's almost 4000-unit portfolio, and are the latest sales completed by the real-estate investment firm. "As simple as it sounds, we executed our business plan and sold the assets," said … Read more...
Tagged under
Freddie Mac Multifamily Had Record-Setting 2018

Freddie Mac Multifamily Had Record-Setting 2018

Thursday, 17 January 2019
Commercial Lending
Written by
Freddie Mac’s multifamily division set a record with $77.5 billion in loan purchase and guarantee volume for 2018, and $500 million in low-income housing tax credit equity investments. This year’s production beats the previous record of $73.2 billion that was achieved 2017. Overall, the company financed more than 860,000 rental units, more than 90 percent… Read more...
Tagged under
Investment Fund to Rehab Multifamily Property

Investment Fund to Rehab Multifamily Property

Wednesday, 16 January 2019
Commercial Lending
Written by
Middleburg, a development and management firm, completed its initial closing on Workforce Housing Fund and will contribute a previously acquired property, Vesta Derby Oaks to the fund. The firm will continue to raise capital and add other family office and high net worth investors to the fund, which is expandable to $75 million, giving Middleburg … Read more...
Tagged under
Fannie Prices First Green Deal of 2019

Fannie Prices First Green Deal of 2019

Tuesday, 15 January 2019
Commercial Lending
Written by
Fannie Mae has priced its first Multifamily DUS REMIC in 2019 totaling $996.5 million under its Fannie Mae Guaranteed Multifamily Structures, also known as Fannie Mae Gems, and its latest green offering. "This marks Fannie Mae's ninth Green GeMS deal; the desk continues to bring alternative Green investments to the Green MBS market, while providing… Read more...
Tagged under
Freddie Mac: Predicts Another Record Year in MultiFamily

Freddie Mac: Predicts Another Record Year in MultiFamily

Monday, 14 January 2019
Commercial Lending
Written by
Continued strong performance in the multifamily market will result in another record year, according to Freddie Mac Multifamily 2019 Outlook. That’s because rent growth and vacancies will again outperform historical averages, even as new supply remains elevated into 2020, because originations are expected to continue to rise. “Even with continued growth in supply, we expect… Read more...
Tagged under
Acres Closed $500M in Transactions During 2018

Acres Closed $500M in Transactions During 2018

Friday, 11 January 2019
Commercial Lending
Written by
Acres Capital Corp. closed around $500 million in transactions in 2018, according to the company. “In a highly competitive lending environment, we managed to grow our origination volume and cultivate new borrower relationships—all without sacrificing our rigorous underwriting criteria,” said Mark Fogel, CEO and president of Acres. “The significant progress achieved in 2018 is a… Read more...
Tagged under
Churchhill Closes on New Construction Property in Texas

Churchhill Closes on New Construction Property in Texas

Wednesday, 09 January 2019
Commercial Lending
Written by
Churchill Stateside Group LLC, a real estate company, has closed on Springwood at Allen, a 92-unit new construction property that’s located in Allen, Texas. CSG through its subsidiary Churchill Mortgage Investment provided a $12,894,500 insured loan under Department of Housing and Urban Development guidelines for the construction of multifamily properties. The Springwood is a single… Read more...
Tagged under
Rent Growth Accelerated 3.3% in the Fourth Quarter

Rent Growth Accelerated 3.3% in the Fourth Quarter

Wednesday, 09 January 2019
Commercial Lending
Written by
The annual pace of U.S. apartment rent growth accelerated to 3.3 percent in the fourth quarter, according to real-estate technology and analytics firm RealPage Inc. Momentum in annual rent growth proved substantial in the last half of the year, pushing performance in 2018 ahead of the 2.5 percent growth recorded in 2017. Apartment owners and… Read more...
Tagged under
Hunt Provides Freddie Multifamily Small Balance Loan & More

Hunt Provides Freddie Multifamily Small Balance Loan & More

Tuesday, 08 January 2019
Commercial Lending
Written by
Hunt Real Estate Capital provided a Freddie Mac Small Balance Loan in the amount of $5.85 million to refinance a multifamily property located in the Roxboro- Manayunk neighborhood of Philadelphia. The loan is a 10-year fixed rate loan with a 30-year amortization schedule. The property also benefits from a 10-year tax abatement. Terrace Lofts is… Read more...
Tagged under

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline