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Commercial Lending

Commercial Lending (323)

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...
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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...
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Investment Fund to Rehab Multifamily Property

Investment Fund to Rehab Multifamily Property

Wednesday, 16 January 2019
Commercial Lending
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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...
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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...
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Freddie Mac: Predicts Another Record Year in MultiFamily

Freddie Mac: Predicts Another Record Year in MultiFamily

Monday, 14 January 2019
Commercial Lending
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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...
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Acres Closed $500M in Transactions During 2018

Acres Closed $500M in Transactions During 2018

Friday, 11 January 2019
Commercial Lending
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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...
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Churchhill Closes on New Construction Property in Texas

Churchhill Closes on New Construction Property in Texas

Wednesday, 09 January 2019
Commercial Lending
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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...
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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...
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Hunt Provides Freddie Multifamily Small Balance Loan & More

Hunt Provides Freddie Multifamily Small Balance Loan & More

Tuesday, 08 January 2019
Commercial Lending
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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...
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Balfour Acquires Multifamily Property In Memphis

Balfour Acquires Multifamily Property In Memphis

Monday, 07 January 2019
Commercial Lending
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Balfour Beatty Communities has acquired the Preserve at Southwind, a 306-unit apartment building located in Memphis. The latest addition to Balfour Beatty Communities’ multifamily portfolio was completed as part of a joint venture with ApexOne Investment Partners and American National Insurance Co. and marks the company’s first investment in Memphis. Newmark Knight Frank served as… Read more...
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Freddie, Aon Unveil $915M Multifamily Risk Transfer Offering

Freddie, Aon Unveil $915M Multifamily Risk Transfer Offering

Friday, 04 January 2019
Commercial Lending
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Freddie Mac has completed its first its multifamily credit risk transfer offering on a pool of $915 million, working with Aon, a reinsurance broker. Freddie Mac has purchased credit risk insurance for the first 5 percent of credit losses on the deal, which includes 55 loans in enterprises Bond Credit Enhancement and Multifamily Participation Certificate… Read more...
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Freddie Mac Issued $72.8B of Multifamily Securities in 2018

Freddie Mac Issued $72.8B of Multifamily Securities in 2018

Thursday, 03 January 2019
Commercial Lending
Written by
Freddie Mac issued a company record $72.8 billion of multifamily securities in 2018, which were designed to move risk to private investors from taxpayers. “With our diverse array of securities, including our flagship K Deals, we continue pioneering efforts to meet [caption id="attachment_7455" align="alignright" width="300"] Debby Jenkins[/caption] private sector demand for investment products while shifting… Read more...
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