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Commercial Lending

Commercial Lending (283)

Arbor Realty-Freddie Close Single Family Deal

Arbor Realty-Freddie Close Single Family Deal

Thursday, 25 October 2018
Commercial Lending
Written by
Arbor Realty Trust Inc. has closed on three single-family rental portfolio deals totaling $66.4M, spanning nine states under the Freddie Mac Single-Family Rental pilot. "Arbor is firmly committed to the single-family rental market as it provides much-needed affordable housing to our nation's workforce," said Ivan Kaufman, chairman, president and CEO of Arbor Realty Trust. "With… Read more...
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Multifamily Owners Can Now Offer Fraud, Credit Services

Multifamily Owners Can Now Offer Fraud, Credit Services

Wednesday, 24 October 2018
Commercial Lending
Written by
Yardi multifamily clients are now able to offer fraud protection and credit reporting services to the people that rent residences from them. These consumer protection amenities are provided by Resident-Link and included in RentCafe, Yardi's property marketing, leasing and resident services platform. Yardi develops and supports industry-leading investment and property management software for real estate… Read more...
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CIT Was Lead Underwriter for $24M Multi-Family Loan

CIT Was Lead Underwriter for $24M Multi-Family Loan

Tuesday, 23 October 2018
Commercial Lending
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The CIT Group Inc.’s real estate division was the lead arranger of a $24 million senior secured loan for the acquisition of a multi-family property in San Pedro, Calif., by MWest Holdings, a private real estate investment and management firm. MWest Holdings acquired the San Pedro Bank Lofts, an 89-unit loft-style multi-family property located in… Read more...
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New York-Based Firm Makes $39M Fannie Loan

New York-Based Firm Makes $39M Fannie Loan

Monday, 22 October 2018
Commercial Lending
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Hunt Real Estate Capital has provided a Fannie Mae conventional multifamily loan in the amount of $39 million to refinance a manufactured housing community located in Boulder, Colo. Boulder Meadows is a 638-unit, 4-Star multifamily/mobile-home park community. Included in the 638 units are 97 community-owned homes, of which three are used as residences for the… Read more...
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Greystone Brown Closes $51.7 Million Sale of Multifamily Property

Greystone Brown Closes $51.7 Million Sale of Multifamily Property

Friday, 12 October 2018
Commercial Lending
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Greystone Brown Real Estate has closed $52 million sale of Avocet Apartments, a 336-unit multifamily property in San Antonio. Greystone Brown acted for both parties in the transaction, advising the seller, Stone River, as well as the buyer, Benimax. The transaction, which closed on Sept. 5, 2018, was handled by Taylor Brown, Steve Mack, and… Read more...
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Hunt Makes Two Freddie Mac Small Balance Loans

Hunt Makes Two Freddie Mac Small Balance Loans

Thursday, 11 October 2018
Commercial Lending
Written by
Hunt Real Estate Capital has provided two Freddie Mac Small Balance Loans totaling $7.42 million to finance the acquisition of two multifamily portfolios located in the Bronzeville neighborhood of Chicago. The hybrid loans are structured as 20-year fixed-to-floating rate loans with three-years interest only, followed by a 30-year amortization schedule. Both proposed transactions will have… Read more...
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Greystone Closes Industry’s First CLO Comprised Solely of Healthcare Assets

Greystone Closes Industry’s First CLO Comprised Solely of Healthcare Assets

Wednesday, 10 October 2018
Commercial Lending
Written by
Greystone has closed the industry’s first collateralized loan obligation that consists of only healthcare assets, particularly skilled nursing, assisted-living and independent-living facilities. The Greystone Commercial Real Estate Notes is a $300 million collateralized loan obligation backed exclusively by bridge loans on healthcare-related properties. The company is a real estate lending, investment and advisory company in… Read more...
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Hunt Capital Makes $18.3 Million Commercial Loan in Charlotte, N.C.

Hunt Capital Makes $18.3 Million Commercial Loan in Charlotte, N.C.

Tuesday, 09 October 2018
Commercial Lending
Written by
Hunt Real Estate Capital made an $18.3 million loan to finance the acquisition of a multifamily property located in Charlotte, N.C. Fields at Archdale is a 243-unit, garden-style apartment complex that is comprised of 26, three-story apartment buildings. Built from 1968-1975, the property is situated on 14.59 acres of land and offers 489 parking spaces.… Read more...
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REIS: Apartment Vacancy Rate Hits 4.8% in Q3

REIS: Apartment Vacancy Rate Hits 4.8% in Q3

Monday, 08 October 2018
Commercial Lending
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The apartment vacancy rate increased in the third quarter to 4.8%, from 4.7% last quarter, and 4.4% in the third quarter of 2017. The vacancy rate has now increased 70 basis points, from a low of 4.1% in Q3 2016, according to a survey from Reis. The national average asking rent increased 1.2% in the… Read more...
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Freddie-Enterprise Close First Low-Income Housing Tax Credit Fund in almost a Decade

Freddie-Enterprise Close First Low-Income Housing Tax Credit Fund in almost a Decade

Friday, 05 October 2018
Commercial Lending
Written by
Freddie Mac has closed its first Low-Income Housing Tax Credit Fund with Enterprise Community Investment Inc. and completed its first equity investment within that fund. The closing marks Freddie’s re-entry into LIHTCF market after an almost ten-year absence; the fund is the mechanism that finances most of the country’s affordable rental housing. [caption id="attachment_6557" align="alignleft"… Read more...
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May Construction Starts Climb 15 Percent

May Construction Starts Climb 15 Percent

Wednesday, 20 June 2018
Commercial Lending
Written by
[caption id="attachment_5116" align="alignleft" width="150"] Dodge Data's Robert Murray: Thinks the loosening of Dodd-Frank regulatory constraints on mid-size regional banks could lead to more construction projects being funded.[/caption] At a seasonally adjusted annual rate of $783.6 billion, new construction starts in May advanced 15 percent compared with April. The increase follows a 12-percent decline in April… Read more...
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