Commercial Real Estate Direct Staff Report Gantry has arranged $73 million of Fannie Mae financing against the 425-unit Prairie Creek Apartments and Townhomes in Lenexa, Kan, a southern suburb of Kansas City The five-year loan pays a fixed coupon...
Mesa West Capital has provided $505 million of mortgage financing against the 308-unit Gran Bay Apartments in Jacksonville, Fla The loan has a term of up to five years and allows the property’s owner, Beachwold Residential of New York, to...
South Florida Business Journal M&T Bank has provided $160 million of construction financing for the initial phase of the Town Square Apartments in Boynton Beach, Fla Time Equities of New York recently broke ground on the 465-unit first phase,...
Puget Sound Business Journal Northwestern Mutual has provided $53 million of financing against the 167-unit apartment property at 110 Roy St in Seattle The five-year loan was arranged by Cushman & Wakefield on behalf of the property’s...
Commercial Observer Goldman Sachs Alternatives has provided a $1487 million bridge loan against the 188-unit Mabel apartment property at 335 Eighth Ave in the Chelsea section of Manhattan The loan, arranged by JLL, allowed the one-year-old...
Oak Funding and Oak North Bank have committed to lend up to $80 million against 524,859 square feet of office space at the Latitude complex in the northern New Jersey township of Parsippany The lenders—Oak Funding is based in Jersey City, while...
Commercial Observer Scale Lending has provided $108 million of financing to fund the conversion of the 297,703-square-foot office property at 770 Second Ave in Manhattan into 140 apartment units The property, in the borough’s Murray Hill...
Dwight Capital has provided $27 million of financing under the US Department of Housing and Urban Development’s 241(a) program for the 104-unit second phase of the Ventana at Canyon West apartment property in Lubbock, Texas The property...
Commercial Real Estate Direct Staff Report The $28772 million CMBS loan against the Bridgewater Commons shopping mall in northern New Jersey has been paid down to $23888 million, facilitating its extension through November The loan, with an original...
While the overwhelming majority of CMBS shopping mall loans are performing, 59 loans with a balance of $427 billion, or just more than 8% of the total mall balance, are delinquent, according to the TreppCRE...
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