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Commercial Lending

Commercial Lending (283)

Fannie Mae Completes $11.7B Credit Risk Transfer Deal

Fannie Mae Completes $11.7B Credit Risk Transfer Deal

Tuesday, 26 March 2019
Commercial Lending
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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...
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Blaze Partners Acquires Apartment Community in Charlotte, N.C.

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

Sunday, 24 March 2019
Commercial Lending
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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...
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Brickstone Partners, Deutsche Recapitalize Student Housing

Brickstone Partners, Deutsche Recapitalize Student Housing

Monday, 18 March 2019
Commercial Lending
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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...
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Inland Sells Two Denver-Based Properties

Inland Sells Two Denver-Based Properties

Monday, 18 March 2019
Commercial Lending
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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...
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Hunt Refinances $52M Housing Property in Florida

Hunt Refinances $52M Housing Property in Florida

Monday, 11 March 2019
Commercial Lending
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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...
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TD Bank Increases Commercial Lending 6.8%

TD Bank Increases Commercial Lending 6.8%

Sunday, 10 March 2019
Commercial Lending
Written by
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...
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Trepp CMBS Delinquency Rate Dips Below 3%

Trepp CMBS Delinquency Rate Dips Below 3%

Friday, 08 March 2019
Commercial Lending
Written by
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...
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Hunt Makes Two Fannie-Backed Loans Totaling $8.84M

Hunt Makes Two Fannie-Backed Loans Totaling $8.84M

Thursday, 07 March 2019
Commercial Lending
Written by
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...
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Bascom Aquires Apartment Building in Tempe, Ariz.

Bascom Aquires Apartment Building in Tempe, Ariz.

Tuesday, 05 March 2019
Commercial Lending
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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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Freddie Mac, National Equity Make Three Low Income Housing Investments

Freddie Mac, National Equity Make Three Low Income Housing Investments

Monday, 04 March 2019
Commercial Lending
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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...
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FCP, Fairfield Properties Complete $100M Multifamily Acquisition

FCP, Fairfield Properties Complete $100M Multifamily Acquisition

Thursday, 28 February 2019
Commercial Lending
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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...
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Walker & Dunlop Arranges $60M in Financing for California Property

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

Wednesday, 27 February 2019
Commercial Lending
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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...
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