Subject: Mortgages/Financing (MOR)

Commercial Real Estate Direct Staff Report Investcorp has paid $72.8 million, or $173,333/unit, for the 420-unit Retreat at St. Johns apartment property in Jacksonville, Fla. The New York investment manager bought the property from RangeWater Real Estate of Atlanta, which ...

Commercial Real Estate Direct Staff Report TerraCap Management has paid $52 million, or $151,163/unit, for the 344-unit Bridgewater Apartments in Orlando, Fla. The Naples, Fla., investment manager bought the property from InvestRes, a Tampa, Fla., investment manager that had owned ...

Distressed rates for CMBS loans against Manhattan retail properties have climbed noticeably since the start of the coronavirus pandemic, contributing to a wave of retailers filing for bankruptcy.

Walker & Dunlop has originated $145.5 million of financing under U.S. Department of Housing and Urban Development programs for three apartment properties with a total of 761 owned by, or under development by, Eight Bay Advisors. It wrote a $41.4 ...

Commercial Real Estate Direct Staff Report Gantry has arranged $20.8 million of financing that was used by a Spokane, Wash., tenant-in-common group to fund its $33.5 million, or $144,400/unit, purchase of the Northern Heights apartments in Airway Heights, Wash., which ...

South Florida Business Journal Praedium Group has bought Gatehouse on the Green, a 312-unit apartment complex in Plantation, Fla., for $73.5 million, or about $235,577/unit. The New York investor acquired the property, which sits on a 21.1-acre site at 150 ...

South Florida Business Journal An affiliate of The Related Cos. has paid $281.85 million, or about $442.34/sf, for the Phillips Pointe office complex in downtown West Palm Beach, Fla. AEW Capital Management sold the 637,180-square-foot property, with two buildings at ...

Commercial Real Estate Direct Staff Report Brookfield Properties has negotiated a three-year extension of the $157.7 million loan against its Fox River Mall in Appleton, Wis. A $136.7 million piece of the loan is securitized through WF-RBS Commercial Mortgage Trust, ...

Southwood Realty has paid $25 million, or $120,192/unit, for the 208-unit Village at Mills Gap apartment property in Boiling Springs, S.C., about 30 miles northeast of Greenville, S.C. The Gastonia, N.C., real estate investment firm bought the complex from Read ...

Morning Calm Management has paid $32.7 million, or $199.47/sf, for the 163,936-square-foot Twinbrook Office Center in Rockville, Md., about 12 miles north of Washington, D.C. The Boca Raton, Fla., real estate investment manager bought the six-story building from Ivy Realty ...