Hunt Makes Two Freddie Mac Small Balance Loans

Hunt Real Estate Capital has provided two Freddie Mac Small Balance Loans totaling $7.42 million to finance the acquisition of two multifamily portfolios located in the Bronzeville neighborhood of Chicago. The hybrid loans are structured as 20-year fixed-to-floating rate loans with three-years interest only, followed by a 30-year amortization schedule. Both proposed transactions will have… Read more...

Greystone Closes Industry’s First CLO Comprised Solely of Healthcare Assets

Greystone has closed the industry’s first collateralized loan obligation that consists of only healthcare assets, particularly skilled nursing, assisted-living and independent-living facilities. The Greystone Commercial Real Estate Notes is a $300 million collateralized loan obligation backed exclusively by bridge loans on healthcare-related properties. The company is a real estate lending, investment and advisory company in… Read more...

Hunt Capital Makes $18.3 Million Commercial Loan in Charlotte, N.C.

Hunt Real Estate Capital made an $18.3 million loan to finance the acquisition of a multifamily property located in Charlotte, N.C. Fields at Archdale is a 243-unit, garden-style apartment complex that is comprised of 26, three-story apartment buildings. Built from 1968-1975, the property is situated on 14.59 acres of land and offers 489 parking spaces.… Read more...

REIS: Apartment Vacancy Rate Hits 4.8% in Q3

The apartment vacancy rate increased in the third quarter to 4.8%, from 4.7% last quarter, and 4.4% in the third quarter of 2017. The vacancy rate has now increased 70 basis points, from a low of 4.1% in Q3 2016, according to a survey from Reis. The national average asking rent increased 1.2% in the… Read more...