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Commercial Lending

Commercial Lending (323)

Kennedy Wilson Sells San Francisco Property

Kennedy Wilson Sells San Francisco Property

Friday, 30 November 2018
Commercial Lending
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Kennedy Wilson has sold the Bay Village Apartments in the San Francisco suburb of Vallejo, Calif. The firm owned a 50% ownership in the 260-unit property that was acquired in 2010. “This sale enables us to recycle capital into other strategic investment opportunities that we plan to close this month,” said Kurt Zech, president of… Read more...
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Freddie Closes Closes Low-Income Housing Investment

Freddie Closes Closes Low-Income Housing Investment

Thursday, 29 November 2018
Commercial Lending
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Freddie Mac and Boston Financial Investment Management have completed an affordable housing investment. The $5.5 million low-income housing tax credit fund equity investment is for the rehabilitation of Riverwood Village Apartments, a Section 8 family property in Russellville, Ark. The complex consists of 72 units within eight, two-story walk-ups originally built in 1976. “The preservation… Read more...
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Onerous Leasing Process to Receive Makeover

Onerous Leasing Process to Receive Makeover

Wednesday, 28 November 2018
Commercial Lending
Written by
VTS plans to create a marketplace will provide the infrastructure for landlords, agency brokers, tenant reps, and tenants to complete lease transactions online. The marketplace, slated for a 2019 launch, will enable landlords and brokers to dramatically improve the marketing and leasing of spaces. Clients include Beacon Capital Partners, Blackstone, LaSalle Investment Management, Hines, Boston… Read more...
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Fannie-Hunt Refi Four Multifamily Properties

Fannie-Hunt Refi Four Multifamily Properties

Tuesday, 27 November 2018
Commercial Lending
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Hunt Real Estate Capital has provided conventional Fannie Mae multifamily loans in the amount of $35.2 million in a cash-out refinance of a four-property multifamily portfolio located in Reading, Pennsylvania. The loans have a 12-year term, 11.5-year yield maintenance and 30-year amortization. All of the loans carried Green Rewards pricing provided through planned water conservation… Read more...
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Ten-X Commercial Transactions Hit $1.56 Billion for 2018

Ten-X Commercial Transactions Hit $1.56 Billion for 2018

Monday, 26 November 2018
Commercial Lending
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Ten-X Commercial and brokers have sold $1.56 billion of commercial real estate properties in 2018 through the platform. The platform transacted $689 million of commercial real estate in the third quarter. Ten-X is a transaction platform for commercial real estate. "The steady user growth and increase in traffic between launch and Q3 is a testament… Read more...
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Greystone Provides $29.5M in Bridge Financing 

Greystone Provides $29.5M in Bridge Financing 

Wednesday, 21 November 2018
Commercial Lending
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Greystone has provided $29,500,000 in bridge financing for the acquisition of 783 residential rental units in Baton Rouge, LA. The acquisition financing was originated by Leor Dimant of Greystone’s New York office. Greystone provided two separate non-recourse bridge loans for the borrower to acquire and rehabilitate four total properties. The first two-year bridge loan was… Read more...
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Freddie Finances Affordable Housing in Texas

Freddie Finances Affordable Housing in Texas

Tuesday, 20 November 2018
Commercial Lending
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Freddie has funded an $11 million transaction that will finance 91 affordable single- family rental homes in Dallas, Fort Worth and Arlington Texas. Working with its Seller-Servicer A10 Capital, the transaction is part of Freddie Mac’s affordable single-family rental pilot that is sunsetting in 2019. Of the 91 homes in the transaction, 66 percent are… Read more...
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Hunt Completes Refi in California

Hunt Completes Refi in California

Monday, 19 November 2018
Commercial Lending
Written by
Hunt Real Estate Capital has completed a loan in the amount of $5 million to refinance an affordable multifamily property located in Salinas, Calif. The loan is a 10-year fixed-rate facility that will amortize over 30 years. Gabilan Hills has an in-place Low Income Housing Regulatory Agreement, which mandates that 40 of the 100 units… Read more...
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Rents Dip (Slightly), Notes Yardi

Rents Dip (Slightly), Notes Yardi

Friday, 16 November 2018
Commercial Lending
Written by
Rents decreased $1 to $1,420 in October 2018, a second straight month of decline. The 3.3% year-over-year rent growth for the month was unchanged from September, according to a survey of 127 markets from Yardi Matrix. The overall slowdown follows an anticipated seasonal trend. Rent gains have accelerated in warm-weather markets such as Las Vegas, … Read more...
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Hunt, Freddie Complete Multifamily Refi

Hunt, Freddie Complete Multifamily Refi

Thursday, 15 November 2018
Commercial Lending
Written by
Hunt Real Estate Capital has provided a conventional Freddie Mac multifamily loan in the amount of $14.9 million to refinance a multifamily property in Hayward, Cal. Paraiso Apartments is a 63-unit, garden-style apartment complex comprised of four, two-story residential buildings. All of the units are two-bedroom and two-bathroom apartments. The property was built in 1962… Read more...
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Walker & Dunlop Fund Florida Housing Community

Walker & Dunlop Fund Florida Housing Community

Wednesday, 14 November 2018
Commercial Lending
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Walker & Dunlop Inc. provided a $74,746,000 Fannie Mae loan for the refinancing of Fairways Country Club, an Orlando-based five-star manufactured housing community for seniors aged 55 and above. Walker & Dunlop's Will Baker, William Shell and Doug McDaniel led the team in arranging a 10-year, fixed-rate loan for their longstanding client, Hometown America LLC.… Read more...
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Venture Fund Targets Early Stage Real Estate Companies

Venture Fund Targets Early Stage Real Estate Companies

Tuesday, 13 November 2018
Commercial Lending
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Real Estate Technology Ventures has closed an early stage venture fund focused on making investments in technology for the multifamily industry. Real Estate Technology Ventures I is a $108 million venture fund that invests in technology for the multifamily industry. “We want to identify innovative companies founded by strong entrepreneurs that will help our limited… Read more...
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