Commercial Lending

Commercial Lending (174)

Fannie Mae Increases Loan Limit on Small Multifamily Properties

Fannie Mae has increased the loan limit of small multifamily mortgage loans to $6 million, from $3 million or less nationwide and $5 million or less in high-cost markets. The objective was to ensure an… Read more...

Spirit Bascom Acquires Building in Posh N.J. Town

Spirit Bascom Ventures, a partnership between Spirit Investment Partners and The Bascom Group LLC, has purchased the 30-unit apartment building at 204 Grand Street in Hoboken, N.J. The $15,500,000 acquisition closed in mid-January. Spirit Bascom… Read more...

Mill Creek Breaks Ground on Upscale San Diego Development

Mill Creek Residential, a multifamily investor and operator, has begun construction on Modera San Diego, a luxury apartment community in the East Village neighborhood of San Diego. The seven-story community is the company’s first foray… Read more...

American Street Brokers Three Deals in Midwest

Hunt Real Estate Capital, a commercial real-estate lender, has financed three multifamily properties, two in Chicago and one in Lakewood, Ohio. The deals were brought to the firm by American Street Capital, a correspondent broker… Read more...

Redwood Participating in a Multifamily Fund

Redwood Trust Inc. is participating in a multifamily whole-loan investment fund in a bid to expand its access to rental-housing credit. Earlier in January, Redwood invested in a limited partnership created to acquire up to … Read more...

Greystone Ranks No. 1 in Fannie Mae Small Loans

Greystone, a commercial real-estate lending, investment, and advisory company, ranked No. 1 in small loan production in the delegated underwriting and servicing program from Fannie Mae in 2018. With $3.9 billion in Fannie Mae loan… Read more...

3650 REIT Funds $27.5M Construction Loan in Phoenix

3650 REIT has funded a $27.5 million senior construction loan to Greenlight Communities for the development of a 252-unit affordable multifamily project in Phoenix. Churchill Commercial Capital, a commercial mortgage bank in Phoenix, was responsible… Read more...

Hunt Completes Affordable Multifamily Loan

Hunt Real Estate Capital has arranged a Fannie Mae affordable multifamily loan in the amount of $19.5 million to finance the acquisition of a multifamily property, located in Austin, Texas. Blunn Creek Apartments consists of… Read more...

Elevation Financial Sells Baton Rouge Housing Community

Elevation Financial Group, a provider of senior and multifamily affordable housing, has sold Serenity Apartments at Baton Rouge. The 328-unit multifamily community sold for $15.5 million or $47,256/unit. Elevation purchased the property in August 2016 … Read more...

Freddie Mac, RBC Close $180M Low-Income Fund

Freddie Mac and RBC Capital Markets’ Tax Credit Equity Group have closed a $180 million Low-Income Housing Tax Credit Fund, and they have already completed several transactions. Ten transactions have closed, including two in Puerto… Read more...

Greystone Provides $14.7M in Freddie Mac Loan

Greystone, a commercial real estate lending company, has provided a $14,796,000 million Freddie Mac loan for the acquisition of SouthGlenn Place, a multifamily property located in Denver. The financing was originated by Ana Ramos of… Read more...

NAPA Sells Four Properties

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… Read more...

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