The US Department of Housing and Urban Development's multifamily and healthcare lending programs were on fire during the first half of the agency's fiscal year, with a total of $1095 billion of loans being originated That puts the year on track to...
Tampa Bay Business Journal Fairstead has paid $307 million, or $153,500/unit, for the Silver Oaks Apartments, a 200‑unit affordable housing complex in Tampa, Fla The seller was not identified The New York real estate company financed its purchase...
South Florida Business Journal A venture of Artifact Group and Rok Acquisitions has bought the Sheraton Suites Fort Lauderdale West, a 265‑room hotel in Plantation, Fla, for $266 million, or $100,377/room Artifact, of Montreal, and Rok, of Miami,...
Commercial Real Estate Direct Staff Report An estimated $7971 billion of loans against commercial properties come due this year, according to Trepp Inc That’s roughly 16% of the $503 trillion universe of loans against income-producing...
PCCP has provided $78 million of financing against the 367-unit Alexan Evans Station apartment property in Denver The property, at 2121 South Broadway, next to a light-rail station and near an on-ramp to State Route 85, was developed three years ago...
San Antonio Business Journal Rio Capital Investments has lined up $378 million of financing for its purchase of The Legacy, a 353,000‑square‑foot mixed-use property in San Antonio Nassau CorAmerica provided the loan, which was arranged by CBRE...
Tampa Bay Business Journal OTO Development has paid $315 million, or $308,824/room, for the 102-room Beachcomber Beach Resort in St Pete Beach, Fla The Spartanburg, SC, hotel owner and operator purchased the property from Gencom of Miami, which had...
Northwind Group has provided $401 million of mortgage financing for the Ritz-Carlton Residences Palm Beach Gardens, a 106-unit residential property that Catalfumo Cos is developing in Palm Beach Gardens, Fla The loan, arranged by Berkadia, is backed...
Commercial Real Estate Direct Staff Report The commercial real estate market is enjoying a period of substantial lender liquidity Properties that have been stabilized will generally be able to get financing and often will find offers from a number...
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.
