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Commercial Lending

Commercial Lending (318)

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
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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
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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
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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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Investment Partnership Lands Multifamily Complex

Investment Partnership Lands Multifamily Complex

Monday, 12 November 2018
Commercial Lending
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Liquid Capital Real Estate Partners and Wilson Investment Properties have acquired a $51.2M, 45-acre multifamily complex in Norcross, Ga. The Fields at Peachtree Corners is a garden-style apartment community comprised of 41 residential buildings offering a mix of one-, two-, and three-bedroom units, totaling just under 500,000 square feet. The strategy is to drive rent… Read more...
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Fannie Bets on Affordable Housing

Fannie Bets on Affordable Housing

Friday, 09 November 2018
Commercial Lending
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Fannie Mae will invest up to $145 million in three low-income housing tax credit funds in a bid to provide capital for affordable rental housing in underserved rural markets. The new funds are Cinnaire Fund for Housing LP 33, Ohio Equity Fund for Housing LP XXVII, and MHEG Fund 50 LP. "Fannie Mae plays an… Read more...
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TD Bank Finances Development for Veterans

TD Bank Finances Development for Veterans

Thursday, 08 November 2018
Commercial Lending
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TD Bank has committed to finance the latest phase of Valley Brook Village, a development that will create 50 additional units of affordable rental apartments with onsite support services for homeless and disabled veterans. The bank has provided a $6 million construction loan to the Affordable Housing and Services Collaborative Inc. and Peabody Properties Inc.… Read more...
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Freddie Selects Next Head of Multifamily from Within

Freddie Selects Next Head of Multifamily from Within

Tuesday, 06 November 2018
Commercial Lending
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Freddie Mac has appointed Deborah Jenkins executive vice president and head of its multifamily business, effective immediately. Jenkins also has assumed a role as member of the company’s senior operating committee. “Debby’s transition into her role as head of the multifamily business has progressed very well, and I am pleased to announce that she will… Read more...
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Commercial Real Estate Strong Through Year-end

Commercial Real Estate Strong Through Year-end

Monday, 05 November 2018
Commercial Lending
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The commercial real estate market is expected to be strong through year-end. "Our latest Sentiment Index finds commercial real estate industry leaders experiencing continued positive market conditions and cautiously predicting solid performance into 2019,” said Jeffrey DeBoer, president and CEO of the Real Estate Roundtable, discussing the results of the organization’s Q4 2018 Economic Sentiment… Read more...
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