Commercial Lending

Commercial Lending (238)

Pembrook Closes $33M Deal in the City of Palms

Pembrook Capital Management invests in commercial real estate with a core emphasis on affordable housing across the United States. The strategy the firm deploys involves commercial real-estate debt, including first mortgages, mezzanine, bridge loans, note financings, and preferred equity. Read more...

Hunt Finances Acquisition of a Multifamily Property in Crab-Cake Capital

Hunt Real Estate Capital it provided a conventional Fannie Mae loan in the amount of $15.68 million to finance the acquisition of a multifamily property located in Baltimore. The Park Raven Apartments is a vintage multifamily apartment community that consists of 253 multifamily units. The property was built in 1949, renovated in 2006, and is… Read more...

MBA's 2018 Rankings of Commercial-Multifamily Origination Volumes

The Mortgage Bankers Association's rankings, or real estate finance league tables, covering the top commercial-multifamily mortgage originators of 2018. It's designed to provide listings of dozens of different mortgage originators, their 2018 volumes and the different roles they play. The report presents origination volumes in more than 140 categories, including by role, investor group, property… Read more...

Fannie Mae Completes $11.7B Credit Risk Transfer Deal

Fannie Mae has completed a multi-tranche credit insurance risk transfer transaction covering a pool of around $11.7 billion of existing multifamily loans in the company's portfolio. The transaction, MCIRT 2019-01, is the fifth credit-risk transaction and designed to increase the role of private capital in the multifamily mortgage market and mitigate risk for taxpayers. "Further… Read more...

Blaze Partners Acquires Apartment Community in Charlotte, N.C.

Multifamily investment firm Blaze Partners has acquired The Gibson, a 250-unit luxury apartment community in Charlotte, N.C This transaction marks a continuation of the Company's current strategy of acquiring Class A communities within dynamic locations throughout institutional growth markets in the Southeast. "We are thrilled to expand our Charlotte presence and add The Gibson to… Read more...

Brickstone Partners, Deutsche Recapitalize Student Housing

Brickstone Partners and Deutsche Finance America have recapitalized of The Lodge at Boulder, a 220-unit, 355-bedroom student housing complex near the University of Colorado campus in Boulder. Brickstone Partners purchased The Lodge property more than three years ago and began large scale renovations of many of the units and common spaces. The new partnership plans… Read more...

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...

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