City: Wilmington
Fulton Bank, Nuveen, WSFS Bank Lend $63Mln for Delaware Redevelopment Project
MRA Group, which two years ago had acquired the DuPont Chestnut Run Plaza in Wilmington, Del., with plans to redevelop it into life-science and manufacturing space, has lined up $63 million of financing for the effort. It lined up $50 million ...
Dwight Mortgage Lends $62Mln for Construction of Leland, N.C., Apartments
Dwight Mortgage Trust has provided $62 million of financing for the construction of Village at Compass Pointe, a 268-unit apartment property in Leland, N.C. Cushman & Wakefield arranged the financing on behalf of the property's developers, SR Real Estate Partners ...
Portofino Townhomes
The property is encumbered by a $47.29 million Fannie Mae loan that's securitized through FNA, 2017-M12. It pays a 4.33 percent coupon and is locked out from prepayment until September 2026, three months before it matures.
Dermody to Develop 214,271-SF Industrial Property in Woolwich, N.J.
REBusiness Online Dermody Properties is planning a 214,271-square-foot industrial property in Woolwich Township, N.J., which is roughly 20 miles east of Wilmington, Del. It will be developed on a 14-acre site at 261 Swedesboro Paulsboro Road and will a 40-foot ...
3650 REIT Lends $85Mln Against WSFS Bank Center in Wilmington, Del.
Lender 3650 REIT has provided $85 million of permanent mortgage financing against the WSFS Bank Center, a 371,222-square-foot office building in Wilmington, Del. The loan, funded through the lender's stable cash-flow investment platform, has a 10-year term and allowed the ...
a pair of student-housing properties in Wilmington, N.C.
Lucern Capital Partners has raised $23 million of investor commitments for its inaugural fund and has fully deployed it with the recent purchase, for $40.7 million, of a pair of student-housing properties in Wilmington, N.C. The Red Bank, N.J., company, ...
Property Syndicator Deploys Initial Fund with 2 N.C. Apartment Buys
Lucern Capital Partners has raised $23 million of investor commitments for its inaugural fund, Lucern Multifamily Value Fund I LP, and has fully deployed it with the recent purchase, for $40.7 million, of a pair of student-housing properties in Wilmington, ...
Vacant Office, Lab Property in Wilmington, Del., Fetches $40Mln
Philadelphia Business Journal MRA Group Inc. has paid $40 million, or $51.28/sf, for Dupont Chestnut Run Plaza, a 780,000-square-foot office and laboratory property in Wilmington, Del. The Horsham, Pa., developer bought the 14-building complex from DuPont Corp., which at one ...
About
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.
