Commercial Observer JPMorgan Chase Bank has provided a $765 million loan against the 1,102-unit apartment property at 625 Fulton St in downtown Brooklyn, NY The loan, arranged by Galaxy Capital, allowed the property’s developer and owner,...
Commercial Observer MF1 Capital has provided a $64 million loan against the 99-unit Elliot apartment property at 151 South Elliott Place in the Fort Greene section of Brooklyn, NY Landstone Capital Group arranged the financing The property was...
South Florida Business Journal Journey Capital has bought the Rise at Flagler Village, a 348-unit apartment building in Fort Lauderdale, Fla, for $108 million, or $310,345/unit The New York company purchased the 30-story property from Encore Capital...
Commercial Real Estate Direct Staff Report Alternative lender 3650 Capital has provided $104 million of financing to facilitate the acquisition of a portfolio of seven apartment properties with 1,495 units in and around Chicago The portfolio was...
Commercial Real Estate Direct Staff Report PCCP has provided $70 million of financing against 24Fifty at University Park, a 252‑unit apartment property in Denver CBRE arranged the loan on behalf of the property’s owner, DivcoWest of San...
South Florida Business Journal City National Bank of Florida has provided $58 million of financing for the construction of the Oasis at Doral mixed-use development in Doral, Fla A venture of Apollo Cos and Triarch Capital Group, both of Aventura,...
Commercial Real Estate Direct Staff Report An affiliate of Red Tail Acquisitions has paid $25 million, or $217,391/unit, for the 115-unit Exeter apartment property in Seattle The Irvine, Calif, investor acquired the property from Gibraltar LLC of...
Mesa West Capital has provided $81 million of senior debt against the 313-unit Domain Memorial townhome rental property in Houston The loan will allow the property’s owner, Knightvest Capital, to complete unit renovations The 10-year-old...
Commercial Real Estate Direct Staff Report Morningstar DBRS estimates that the three Club Quarters hotels in Chicago, San Francisco, and Philadelphia that back a $2407 million mortgage securitized through BX Trust, 2017-CQHP, would recover only...
The volume of CMBS loans that are more than 30 days late with their payments spiked in March by $308 billion, to $4583 billion, marking the largest one-month increase in delinquency volume since May 2023, when volumes increased by $326 billion...
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