Venture to Build Mixed-Use Project in Dallas
May 27, 2022
Columbus, Ohio, Shopping Center Sells for $27.4Mln
May 27, 2022
Subject: Mortgages/Financing (MOR)
Lument Lends $22.6Mln Against Dallas-Area Apartments
Lument has provided $22.6 million of bridge financing to help fund American Ventures' purchase of the Junction, a 205-unit apartment property in the Dallas suburb of Arlington, Texas. Lument, formerly known as Orix Real Estate Capital, initially funded $20.7 million ...
Rise48 Equity Pays $92Mln for Mesa, Ariz., Apartment Property
Commercial Real Estate Direct Staff Report Rise48 Equity LLC has paid $92 million, or $319,444/unit, for the Nolan, a 288-unit apartment property in Mesa, Ariz. The Phoenix investor, which was represented by Northmarq, purchased the property from an affiliate of ...
PCCP Lends $58.2Mln Against Castle Rock, Colo., Apartments
PCCP LLC has provided $58.2 million of mortgage financing against the Bluffs at Castle Rock, a 220-unit apartment property in Castle Rock, Colo. The loan allows the property's owner, Security Properties of Seattle, to facilitate a recapitalization and fund renovations. ...
MetLife Lends $210Mln for 396-Unit Apartment Property in Queens, N.Y.
Multi-Housing News Rockrose Development has lined up a $210 million loan from Metropolitan Life Insurance Co. against 47-05 Center Blvd., a 396-unit apartment property in Queens, N.Y. Avison Young arranged the 15-year loan, which allowed Rockrose to take out a ...
86-Unit Apartment Property in Phoenix Sells for $26.7Mln
Commercial Real Estate Direct Staff Report Fringe Capital Partners has paid $26.7 million, or $310,465/unit, for the Willow, an 86-unit apartment property in Phoenix. The local investment firm purchased the property from Hanson Capital Group of Scottsdale, Ariz., in a ...
Minnesota Life Lends $25Mln for Hoboken, N.J., Grocery-Anchored Retail Center
Minnesota Life Insurance Co. has provided a $25 million mortgage against the 95,688-square-foot grocery-anchored retail center at 900 Madison St. in Hoboken, N.J. The 10-year loan was originated by Securian Asset Management of St. Paul, Minn., on Minnesota Life's behalf ...
Northmarq Arranges $28.4Mln Against Omaha, Neb., Apartment Property
Seldin Co. has secured $28.4 million of financing against Westport on the Lake, a 260-unit apartment property in Omaha, Neb. Northmarq arranged the financing on behalf of the local management company. The loan was provided by an unnamed life insurance ...
Bank of the West Lends $32.5Mln Against Seattle Office Property
Commercial Real Estate Direct Staff Report Swift Real Estate Partners has lined up $32.5 million of mortgage financing from Bank of the West against 425 Pontius, a 75,267-square-foot office property in Seattle that it had acquired in April for $39.5 million. ...
LoanCore Capital Lends $101.6Mln for Purchase of Phoenix Apartment Property
Commercial Real Estate Direct Staff Report LoanCore Capital has provided $101.6 million of financing to facilitate KB Investment Development's purchase of Arts District, a 280-unit apartment property in Phoenix. KB, of Irvine, Calif., purchased the property from Green Leaf Capital ...
Dwight Mortgage Trust Lends $107.1Mln for 2 Oregon Apartments
Dwight Mortgage Trust has provided a total of $107.1 million of financing against a pair of apartment properties in Oregon owned by Marathon Management of Portland, Ore. The mortgage REIT affiliate of Dwight Capital provided $59.1 million of financing for ...
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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.
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