CMBS loans against properties in the country’s top 10 metropolitan statistical areas had a pay-off rate of 5631% this year through July In other words, $252 billion of the $474 billion of loans that came due paid off on time The payoff data...
Northmarq has provided $561 million of Fannie Mae financing against the 354-unit Wintercrest Village apartments in the San Diego suburb of Lakeside, Calif The 10-year loan requires only interest payments for its entire term The property, at 12002...
An affiliate of Acadia Realty Trust has committed to provide $75 million of mortgage financing to fund the $56 million, or $46830/sf, purchase of the 119,584-square-foot Whitestone Shopping Center in the Whitestone section of Queens, NY, and the...
Commercial Real Estate Direct Staff Report Voya Investment Management has provided $2325 million of mortgage financing against the 105-unit Align Apartments in the Seattle suburb of Federal Way, Wash Northmarq arranged the four-year loan on behalf...
Commercial Real Estate Direct Staff Report Wells Fargo Bank provided $1365 million of mortgage financing to help facilitate Canyon Creek Real Estate’s acquisition of the 519,959-square-foot 111 Congress office building in downtown Austin,...
Greystar has paid $3966 million, or $147,985/unit, for the 268-unit Avana Bartram Springs apartment complex in Jacksonville, Fla The Charleston, SC, investment manager bought the property, at 14951 Walden Springs Way, from Fogelman Properties of...
Multi-Housing News Nimes Real Estate has lined up a $229 million Fannie Mae for its purchase of the Hilliard Pointe Apartments, a 218-unit property in Hilliard, Ohio, about 11 miles northwest of Columbus, Ohio Newmark arranged the five-year loan...
JLL Capital Markets has provided $42 million of Fannie Mae mortgage financing against Portola Bridge Creek, a 270-unit apartment property in Vancouver, Wash, owned by SB Real Estate Partners of Irvine, Calif The Fannie loan pays a fixed coupon and...
Prime Finance has provided $405 million of financing against the 162-unit Payton Apartments in Portland, Ore JLL Capital Markets secured the five-year loan on behalf of the property’s owner, ColRich of San Diego The seven-story property was...
Alternative lender 3650 Capital has provided $24 million of financing to fund the construction of a 949-unit self-storage property in Yonkers, NY Construction of the property, which will be branded and operated by CubeSmart, got underway in 2022 on...
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