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Commercial Lending

Commercial Lending (318)

Mill Creek Breaks Ground on Metro Washington Luxury Apartments

Mill Creek Breaks Ground on Metro Washington Luxury Apartments

Tuesday, 26 February 2019
Commercial Lending
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Mill Creek Residential broke ground on the Modera Founders Row, a mixed-use lifestyle center that will feature luxury apartment homes and 90,000 square feet of retail space in metropolitan Washington, D.C. The apartments at Founders Row will consist of studio, 1- and 2-bedroom apartment homes with an average size of 940 square feet. Mill Creek… Read more...
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Redstone Completes $74M Multifamily Property in California

Redstone Completes $74M Multifamily Property in California

Monday, 25 February 2019
Commercial Lending
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Red Stone Equity Partners, a privately-owned real estate finance and investment company specializing in multifamily residential funds and financings, completed the closing of Red Stone Equity--2018 CA Regional Fund, L.P. , a $74-million multi-investor Low Income Housing Tax Credit investment fund. The CA Fund is the first California-specific Red Stone Equity multi-investor fund offering and… Read more...
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Walker & Dunlop Finance Property in Virginia

Walker & Dunlop Finance Property in Virginia

Thursday, 21 February 2019
Commercial Lending
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Walker & Dunlop Inc. have completed financing for the acquisition of Bellemeade Farms Apartments, a 316-unit multifamily community located in Leesburg, Va. Walker & Dunlop's Alexandra Huffman and Andrew Tapley led the team in arranging the $45,337,000 transaction on behalf of Capital Square 1031. The origination team rate-locked a 10-year, fixed-rate loan, just one day… Read more...
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Cushman Completes $106.7M Sale

Cushman Completes $106.7M Sale

Wednesday, 20 February 2019
Commercial Lending
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Cushman & Wakefield has completed a $106.7 million sale of apartments to the Walden Group. The sale included 18-properties, 1,858 units comprised of apartment communities throughout the Southeast on behalf of Varden Capital Properties. Tyler Averitt and Craig Hey of Cushman & Wakefield represented the seller in the transaction. “This was a unique situation where… Read more...
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Nuveen Real Estate Launches a $550M Fund

Nuveen Real Estate Launches a $550M Fund

Tuesday, 19 February 2019
Commercial Lending
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Nuveen Real Estate has launched the U.S. Cities Multifamily Fund, a real-estate investment that will acquire and manage multifamily rental properties across the U.S. The fund has a $450 million capital commitment and a seed portfolio from a third- party investor, alongside a $100 million co-investment from Nuveen Real Estate’s parent company, TIAA. “As investors… Read more...
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Hunt Refinances Manufactured Housing Property

Hunt Refinances Manufactured Housing Property

Tuesday, 19 February 2019
Commercial Lending
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Hunt Real Estate Capital provided a Fannie Mae conventional multifamily loan in the amount of $4.22 million to refinance a manufactured housing property located in Susanville, Calif. The borrower is Hidden Acres MHP, a California limited partnership. The loan term is seven years and yield maintenance will apply during the first 6.5 years with a… Read more...
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Gadsden Acquires San Francisco-Based Mission Hills Square

Gadsden Acquires San Francisco-Based Mission Hills Square

Monday, 18 February 2019
Commercial Lending
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Gadsden Growth Properties Inc. has acquired Mission Hills Square, a mixed-use ground up development that includes 158 residential apartment units and 53,900 square feet of retail space for around $240 million in cash and stock. Gadsden Growth Properties Inc., a privately-held real estate corporation which signed an agreement in November 2018 to merge with FC… Read more...
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Madison Realty Completes $14.5 M Refi in Brooklyn

Madison Realty Completes $14.5 M Refi in Brooklyn

Friday, 15 February 2019
Commercial Lending
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Madison Realty Capital has completed a $14.5 million refinancing with Hello Living that’s collateralized by a mixed-use rental property located at 1357 Flatbush Avenue in Brooklyn. Hello Living, an experienced developer and repeat Madison Realty borrower, constructed a seven-story, 37,133-square-foot, mixed use rental building at the site that includes 36 apartment units and 7,000 square… Read more...
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Bluerock Value Reports Sellout of Multifamily 1031 Exchange Offering

Bluerock Value Reports Sellout of Multifamily 1031 Exchange Offering

Thursday, 14 February 2019
Commercial Lending
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Bluerock Value Exchange has sold out the latest 1031 exchange program, BR Jefferson Place, DST, a Class A, 228-unit, apartment community located in Frederick, Md., near Washington, D.C. The $26 million equity offering, which was made available to accredited investors seeking to complete a 1031 exchange, was fully reserved in less than 90 days. BVEX… Read more...
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Dodge: 60% of Largest Commercial, Multifamily Markets Declined in 2018

Dodge: 60% of Largest Commercial, Multifamily Markets Declined in 2018

Tuesday, 12 February 2019
Commercial Lending
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Just four of the top-10 metropolitan areas for commercial and multifamily construction reported increased investment in 2018, according to Dodge Data & Analytics. The remaining six experienced decreases. [caption id="attachment_5116" align="alignright" width="231"] Robert Murray, chief economist for Dodge Data[/caption] The New York metropolitan area, at $28.7 billion in 2018, continued to be the leading market… Read more...
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Hunt Makes $30M Fannie Loan

Hunt Makes $30M Fannie Loan

Monday, 11 February 2019
Commercial Lending
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Hunt Real Estate Capital has provided a Fannie Mae conventional loan in the amount of $30 million to refinance a multifamily property located in Baton Rouge, Louisiana. River House Apartments is a 224-unit, Class-A multifamily property located at 1480 Nicholson Dr. in the East Baton Rouge Parish. The property is comprised of 168 one-bedroom units… Read more...
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MBA: Commercial, Multifamily Mortgage Maturity Volumes to Rise 8% in 2019

MBA: Commercial, Multifamily Mortgage Maturity Volumes to Rise 8% in 2019

Sunday, 10 February 2019
Commercial Lending
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Loan maturities this year will rise 8 percent from the $102.2 billion that matured in 2018. Fully $110.5 billion of the $1.9 trillion (6 percent) of outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2019, according to the Commercial Real Estate-Multifamily Survey of Loan Maturity Volumes from the Mortgage… Read more...
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