Multi Housing News A venture of R&V Management and Wermers Properties have sold the 240-unit Enclave at Arrowhead apartment complex in the Phoenix suburb of Peoria, Ariz., to an undisclosed buyer for $63 million, or $262,500/unit. The two companies are based ...
Bungalows on Olive apartment complex is 98 percent occupied. Berkadia represented Cavan in the sale and arranged a $23.5 million Freddie Mac loan on behalf of Silver Star. The new financing will replace an $18.29 million loan that was securitized ...
86 percent leased. The property backs a $28.25 million mortgage that was securitized through Banc of America Commercial Mortgage Trust, 2007-5. It has an interest rate of 6.093 percent and matures in October 2017.
Great West Life & Annuity Insurance Co. provided a $17 million loan for the purchase.
Wells Fargo Bank provided the buyer with $20.4 million of debt against the complex.
Peoria Journal Star Wextrust Capital has paid $14.8 million for the Chase Building, an office property in Peoria, Ill. The Chicago equity firm purchased the building from Alcock Development Co., a Chicago builder. The property is leased to Chase Bank, ...
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