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Home > Developer Secures $380Mln Mezz Loan Against Manhattan Condo Project
Commercial Observer Merchants Capital Corp has provided $296 million of Fannie Mae financing against the 109-unit seniors-housing property at 80 Rutgers Slip in Manhattan’s Lower East Side The property is owned by Two Bridges Neighborhood...
The Massachusetts Housing Finance Agency has provided $50 million of financing under the US Department of Housing and Urban Development’s 223(f) program for the 501-unit Clarendon Hill Towers Apartments in the Boston suburb of Somerville, Mass...
Major mortgage REITs saw their collective loan portfolios shrink by nearly 11 percent over the past year, as most had sharply curtailed lending and turned their sights to their problem...
Commercial Real Estate Direct Staff Report The Wasatch Group has sold the 240-unit Crossroads Apartments in West Valley City, Utah The sales price could not be learned immediately But the property was appraised last year at a value of $4582 million,...
Washington Business Journal An affiliate of lender Peachtree Group has taken the 247-room Holiday Inn Express hotel in Washington, DC, through foreclosure The Atlanta lender had provided $83 million of financing against the property, developed in...
BisNow JPMorgan Chase Bank has taken title to the Foundry, a 256,000-square-foot office property in Washington, DC, through foreclosure The bank had provided $58 million of financing against the property, at 1055 Thomas Jefferson St NW, in 2014 to...
San Antonio Business Journal WayMaker Ventures has bought the Jones & Rio, a 191-unit apartment complex in downtown San Antonio The Austin, Texas, real estate company purchased the six-story property from a venture of Benefit Street Partners and...
Austin Business Journal Partners Real Estate has recently completed a 366,000-square-foot industrial building as part of the RCR Taylor Logistics Park in Taylor, Texas The building was developed on a speculative basis Meanwhile, the Houston real...
REBusiness Online RD Olson Construction has broken ground on the Alcove, a 301-unit apartment property in Woodland Hills, Calif The Irvine, Calif, developer is building the seven-story property at 21300 West Oxnard St, about 25 miles southeast of...
The size of the US commercial mortgage universe last year grew by $2328 billion to $589 trillion, according to Trepp Inc Banks and thrifts continue to carry the largest volume of mortgages, with 499 percent, or $294 trillion, of loans That was up...
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© 2023 Commercial Real Estate Direct All rights reserved..
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