Commercial Lending

Commercial Lending (174)

Acres Closed $500M in Transactions During 2018

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… Read more...

Churchhill Closes on New Construction Property in Texas

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… Read more...

Rent Growth Accelerated 3.3% in the Fourth Quarter

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… Read more...

Hunt Provides Freddie Multifamily Small Balance Loan & More

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… Read more...

Balfour Acquires Multifamily Property In Memphis

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… Read more...

Freddie, Aon Unveil $915M Multifamily Risk Transfer Offering

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… Read more...

Freddie Mac Issued $72.8B of Multifamily Securities in 2018

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,… Read more...

Freddie Mac Closes its First Non-LIHTC Loan

Mortgage banking firm Merchants Capital has secured financing for the development of a $19.7 million mixed-income workforce housing community in Rochester, Minnesota. Merchants Capital secured the loan through the first Freddie Mac Non-LIHTC Forward Commitment… Read more...

Freddie: Single-Family Housing Largest Source of Rentals in U.S.

The single-family rental market provides housing to 25 million Americans and is valued at more than $4 trillion. In fact, it’s the largest source of rental housing in U.S., and plays a particularly important role… Read more...

Securities Properties, Tokyo Land Acquire Property in Oregon

Security Properties and Tokyu Land US Corp., purchased Sanctuary, an apartment building located in Portland, Ore., for $58,300,000. Built in multiple phases, the $1.9 billion South Waterfront community is one of the largest urban redevelopment… Read more...

Dodge Data: Residential Building Dips 1%

Residential building in November was $327.5 billion (annual rate), down 1% from October. Single family housing was unchanged from its October pace, staying basically at the plateau that’s been present for much of 2018. Multifamily… Read more...

REIS: U.S. Apartment Vacancies Unchanged at 4.8%

The apartment vacancy rate was flat in the quarter at 4.8 percent. At year-end 2017 it was 4.6 percent, while at year-end 2016 it was 4.2 percent. Both the national average asking rent and effective… Read more...

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