Commercial Lending

Commercial Lending (184)

Inland Sells Two Denver-Based Properties

Inland Private Capital Corp. sold two multifamily properties, Ascent Uptown and Emerson Lofts, both located in Denver for $21.85 million. Inland facilitated the sale of the properties on behalf of Denver Multifamily Portfolio DST, one of its 1031 investment programs. Located at 1691 Franklin Street, Ascent Uptown is a three-story mixed-use building constructed in 2013.… Read more...

Hunt Refinances $52M Housing Property in Florida

Hunt Real Estate Capital has provided a Fannie Mae DUS loan in the amount of $52 million to refinance a manufactured housing property located in the city of Sweetwater, Fla. Li'l Abner is an all-age, 908-pad manufactured housing property. Sixty-four percent of the pads are intended for double‐wide homes, and the remaining 36 percent are… Read more...

TD Bank Increases Commercial Lending 6.8%

TD Bank expanded its commercial real estate lending by 6.8 percent in fiscal year 2018, issuing $6.6 billion in new loans and renewals. "Changing market trends, including global and political uncertainty, are expected to have a significant impact on the real estate and business communities going forward," said Gregg Gerken, head of commercial real estate… Read more...

Trepp CMBS Delinquency Rate Dips Below 3%

The Trepp CMBS Delinquency Rate crossed another threshold in February as it dipped below 3% for the first time since May 2009. February’s reading clocked in at 2.87%, down 15 basis points from the prior month and a new post-crisis low for the delinquency rate, according to the “February 2019 US CMBS Delinquency Report” from… Read more...

Hunt Makes Two Fannie-Backed Loans Totaling $8.84M

Hunt Real Estate Capital provided two Fannie Mae DUS loans totaling $8.84 million to refinance two multifamily properties located in Winchester, Va. The loan term with both deals is 10-years. Yield maintenance will apply during the first 9.5 years with a 1% prepayment fee thereafter, with no fee due for the last 90 days. The… Read more...

Bascom Aquires Apartment Building in Tempe, Ariz.

Bascom Arizona Ventures LLC has acquired the Tempo at McClintock Station Apartments. Tempo is a mid-rise multifamily property consisting of 423 residential units in Tempe, Arizona. The price was $89.2 million, or $210, 377 per unit. The seller was P7 McClintock Station Owner LLC. Oaktree Real Estate Finance II, LLC provided debt financing, which was… Read more...

Freddie Mac, National Equity Make Three Low Income Housing Investments

Freddie Mac and National Equity Fund has made three Low-Income Housing Tax Credit Fund investments. The funding was made through a fund that the two organizations just opened. They will help provide supportive housing for individuals experiencing homelessness and populations displaced by natural disasters: Aiding those displaced by Hurricane Harvey:A $15 million LIHTC equity investment… Read more...

FCP, Fairfield Properties Complete $100M Multifamily Acquisition

FCP and Fairfield Properties have made a $100 million preferred equity investment to acquire a seven-property, garden-style multifamily portfolio containing 1,496 units located in Nassau and Suffolk Counties in New York. Fairfield Properties Corporately Owned HQ Building in Melville, N.Y. The portfolio includes the communities of Westwood Village, Heritage Square, Cambridge Village, Yorkshire Village, Southern… Read more...

Walker & Dunlop Arranges $60M in Financing for California Property

Walker & Dunlop has arranged almost $60 million in construction financing for the development of the Rise Walnut Creek apartments. Located in Walnut Creek, Calif., the project benefits from its proximity to San Francisco, one of the nation's most active multifamily markets with above-average employment rates, sustained rent growth, and high occupancy. The project also… Read more...

MedCore, Trinity Close on Senior Living Portfolio

MedCore Partners and Trinity Private Equity Group, have closed on a 409-unit assisted living and memory care portfolio in Arizona and Utah. With an acquisition cost of approximately $98 million, this transaction represents the first tranche of a $130 million portfolio acquisition of five properties and 531 units. The fifth property is under construction, and… Read more...

Mill Creek Breaks Ground on Metro Washington Luxury Apartments

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...

Redstone Completes $74M Multifamily Property in California

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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