Lending under the US Department of Housing and Urban Development's various multifamily and healthcare property programs increased by more than half during its last fiscal year to $1576...
PNC Bank has provided $2428 million of financing for the construction of Ravine Ridge, a 138-unit apartment property in Port Orchard, Wash The property is being developed by Legacy Partners and Silverpeak Real Estate Partners at 2864 Harold Drive...
First Farmers Bank & Trust has provided $26 million of financing for the construction of the 17-unit ONE15 Lofts on Kirkwood residential condominium buildings in Bloomington, Ind The three-year loan was arranged by Maverick Commercial Mortgage...
Commercial Real Estate Direct Staff Report Bridge Investment Group has paid $778 million, or $232,238/unit, for the Ridge and the Shores, two adjacent apartment properties with 335 units in the Seattle suburb of Federal Way, Wash The Salt Lake City...
Greystone has provided a total of $8093 million of debt and equity against a portfolio of 10 affordable housing apartment properties with 640 units in rural regions of North Carolina The New York lender provided $5252 million of mortgage financing...
KeyBank has provided a $130 million senior secured credit facility against a portfolio of 14 industrial outdoor storage properties with 130 acres owned by a newly formed venture between Zenith Industrial Outdoor Storage and JPMorgan Asset Management...
Commercial Observer Corebridge Financial has provided a $46 million loan against the 79-unit Pleasantville Lofts in Pleasantville, NY The property was developed in 2023 by Vito and Jordan Errico, who founded the Equinox fitness center chain They...
Commercial Real Estate Direct Staff Report The California Public Employees’ Retirement System has provided $780 million of mortgage financing against the 17 million-square-foot 787 Seventh Ave office building in midtown Manhattan The loan...
Banco Inbursa has provided $150 million of financing to fund the construction of the 620-unit first phase of the Wharton Piers mixed-use project along the Delaware River in Philadelphia The project is being developed by Brevet Capital, a New York...
South Florida Business Journal Madison Realty Capital has provided $80 million of construction financing for a 77-unit apartment project at 10290 East Bay Harbor Drive in Bay Harbor Islands, Fla Clara Homes of Miami recently broke ground on the...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
