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Commercial Lending

Commercial Lending (335)

A Fannie First: Spreads Risk on Multi-Tranched Multifamily Loans

A Fannie First: Spreads Risk on Multi-Tranched Multifamily Loans

Tuesday, 18 December 2018
Commercial Lending
Written by
Fannie Mae has completed its first multi-tranche Credit Insurance Risk Transfer transaction covering a pool of approximately $10.9 billion of existing multifamily loans in the company’s portfolio. This transaction, CIRT 2018-M02, is the fourth one designed to increase the role of private capital in the multifamily mortgage market. “We are happy to introduce our first… Read more...
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Fannie, Freddie, Hunt Complete 1031 Exchange Under a Tight Deadline

Fannie, Freddie, Hunt Complete 1031 Exchange Under a Tight Deadline

Monday, 17 December 2018
Commercial Lending
Written by
Hunt Real Estate Capital provided agency loans of around $22.5 million to finance the acquisition of two multifamily properties located in Arizona. The Barone Group and strategic partners backed both deals. Duke Stone at Churchill Capital Company represented the owners on transactions. Acquisition, investment and asset management services were provided by Bear Holdings Group LLC.… Read more...
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Commercial-Multifamily Mortgage Debt Sets a Record

Commercial-Multifamily Mortgage Debt Sets a Record

Friday, 14 December 2018
Commercial Lending
Written by
The amount of commercial-multifamily mortgage debt outstanding rose by $45.4 billion, 1.4 percent, in the third quarter of 2018 to an all-time high, according to the Mortgage Bankers Association. Total commercial-multifamily debt outstanding rose to $3.32 trillion in the third quarter, surpassing the previous high of $3.27 trillion in this year’s second quarter. Multifamily mortgage… Read more...
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Olympus Acquires Multifamily Property Near Houston

Olympus Acquires Multifamily Property Near Houston

Thursday, 13 December 2018
Commercial Lending
Written by
Olympus Property has purchased Echo at Katy Ranch, a garden-style community built in 2013 and located near Houston. Olympus Katy Ranch, the new name of the property, is the twelve acquisition the organization made in 2018, adding around 4,000 apartments to the portfolio. "Olympus Katy Ranch is located in a booming submarket of Houston and… Read more...
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CIT Bank Inaugurates Multifamily Loan Program in Southern California

CIT Bank Inaugurates Multifamily Loan Program in Southern California

Wednesday, 12 December 2018
Commercial Lending
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 CIT Bank has unveiled a new community investment loan program that provides construction loans and permanent financing for multifamily affordable housing and community facilities across Southern California. CREA LLC, a real estate advisory firm, will support CIT with the affordable housing portion of the program. "CIT is pleased to expand its community investment efforts in … Read more...
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Elion, Buchanon To Purchase Multifamily Complex

Elion, Buchanon To Purchase Multifamily Complex

Tuesday, 11 December 2018
Commercial Lending
Written by
Elion Partners and Buchanan Partners plan to acquire a 164-unit multifamily housing property and an adjacent 3.5-acre land parcel in Montgomery County, Md. The asset and adjacent land parcel were acquired for $34 million, with the total project estimated to cost over $100 million. The project is located next to the Glenmont Metro Station, which… Read more...
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National Health Investors Financing Nursing Home

National Health Investors Financing Nursing Home

Monday, 10 December 2018
Commercial Lending
Written by
National Health Investors Inc. has agreed to finance the development of a 144-bed skilled nursing facility located near Milwaukee, Wisc., for a commitment of $25.35 million. The initial funding under the commitment was $4,700,000 and construction is underway and expected to be completed in the second quarter of 2020. A 12-year lease term begins post-construction… Read more...
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Multifamily on Track for Solid 2018

Multifamily on Track for Solid 2018

Friday, 07 December 2018
Commercial Lending
Written by
The multifamily market has so far had a solid 2018, with rent growth of 3.1 percent. Demand continues to be the main driver. Household formation is running at roughly 1.5 million per year, helping fill the 300,000 multifamily units of new supply, according to the Multifamily National Report for November 2018 from Yardi Matrix. Occupancy… Read more...
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Walker & Dunlop Finance Chicago-Based Senior Housing

Walker & Dunlop Finance Chicago-Based Senior Housing

Thursday, 06 December 2018
Commercial Lending
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  Walker & Dunlop has structured $13,920,000 in financing for Willa Rawls Manor, an 11-story, 123-unit affordable housing community for seniors aged 62 and above. The property was developed in 1979 and is 100 percent covered by a long-term Section 8 Housing Assistance Payments contract. Located in Chicago, the property provides much-needed viable housing for… Read more...
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Carter Acquires Laurel Point Apartments

Carter Acquires Laurel Point Apartments

Wednesday, 05 December 2018
Commercial Lending
Written by
Carter Multifamily has acquired Laurel Pointe Apartments for around $13 million. Built in 1970, Laurel Pointe has 160 apartments located three miles southeast of downtown Jacksonville, Fla., which offer access to the area's largest employers, including Baptist Health, Mayo Clinic, Bank of America, and UF Health Hospital. Jaxport, the Jacksonville Port Authority, generates more than… Read more...
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Greystar Acquires Phoenix Area Property

Greystar Acquires Phoenix Area Property

Tuesday, 04 December 2018
Commercial Lending
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Greystar Real Estate Partners acquired the three-property, 845-unit Acacia portfolio located in the Phoenix metropolitan area. The portfolio, which is concentrated in Phoenix’s affluent East Valley and comprises Chandler Court and River Ranch in Chandler, Ariz., and Vista Montana in Gilbert, Ariz., represents an opportunity for Greystar to acquire high-quality assets in rapidly growing, low-supply… Read more...
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Freddie-Hunt Complete Small Balance Deals

Freddie-Hunt Complete Small Balance Deals

Monday, 03 December 2018
Commercial Lending
Written by
Hunt Real Estate Capital has provided three Freddie Mac Small Balance Loans totaling $11.1 million. To complete the transactions, Hunt provided two cash-out refinances, which provided liquidity for the acquisition of a third property. The loans have a five-year fixed-rate term, with no interest only period, amortized over 30-years. All three properties are fully occupied,… Read more...
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