Dwight Investment Management has provided $73 million of financing against the recently completed Ballpark Apartments, with 368 units in Reno, Nev The short-term loan allows the property’s developer and owner, a venture of Pacific Development...
Barings has provided a $1386 million loan against the 656,000-square-foot Speedway Commerce Center in Rancho Cucamonga, Calif The loan allowed the property’s owner, Hillwood Development Corp of Dallas, to retire a $140 million construction...
Crain’s Chicago Business DekaBank has provided $79 million of financing against the 197,433-square-foot office building at 345 North Morgan St in Chicago’s Fulton Market District The debt allows the owner of the property, Sterling Bay,...
Commercial Real Estate Direct Staff Report Despite two years of elevated rates, most lender types posted modest growth in outstanding balances during the second quarter Banks expanded at a steady pace, but the government-sponsored enterprises (GSEs)...
Kam Sang Co has paid $115 million for the $290 million loan against Wells Fargo Center South, a 12 million-square-foot office property in downtown Los Angeles The Arcadia, Calif, real estate developer acquired the loan from a group of lenders that...
Commercial Observer Colorado Federal Bank has provided $23 million of construction financing for the conversion of a former event venue in Brooklyn, NY, into a 60-unit apartment property Double U Development is developing the eight-story project at...
Commercial Observer Sumitomo Mitsui Banking Corp has provided $1075 million of financing against a 599-unit apartment portfolio in Richardson, Texas, and King of Prussia, Pa Ares Real Estate owns the two-property portfolio, which consists of Axis...
D2 Residential has provided $621 million of financing against the 316-unit Exchange at Holly Springs apartment property in the Raleigh, NC, suburb of Holly Springs, NC The five-year loan, which pays a floating coupon, was arranged by JLL Capital...
Dwight Capital has provided $32 million of mortgage financing under the US Department of Housing and Urban Development’s 223(f) program for the 110-unit Americana apartment property in Philadelphia The property, at 1775 North American St, is...
Multi-Housing News Bank OZK has provided $1327 million of financing for the construction of ElevenOneEleven, a 344-unit apartment complex in Culver City, Calif A venture of Lincoln Property Co and McCourt Partners is building the property at 11111...
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.
