Commercial Observer Rose Valley Capital has secured $61 million of financing from NewPoint Real Estate Capital for its acquisition of the 172-unit Weatherstone Flats apartment property in Chester Springs, Pa., a suburb of Philadelphia. Meridian Capital Group arranged the bridge ...
Commercial Real Estate Direct Staff Report Starwood Property Trust has provided $61.7 million of financing for Rise48 Equity LLC's purchase of Waterfront, a 288-unit apartment property in Phoenix. The local investor paid $75.3 million, or $261,458/unit, to acquire the property ...
Commercial Observer AIG has provided $440 million financing against 345 Park Avenue South, a 12-story office building with 300,000 square feet in Manhattan's Midtown South submarket. The 15-year loan, which closed April 22, allowed the property's owner, Deerfield Management, to ...
Commercial Real Estate Direct Staff Report Sumitomo Mitsui Banking Corp. has provided $151.45 million of financing to facilitate Bridge Investment Group's purchase of three apartment properties with 785 units in Phoenix and Albuquerque, N.M. The financing, which matures in 2025, ...
Dwight Capital, among the most active lenders on behalf of the various U.S. Department of Housing and Urban Development programs, has launched a program through which it would fund construction loans off its own balance sheet. The New York lender's ...
Commercial Real Estate Direct Staff Report ACORE Capital LP has provided $60 million of mortgage financing against the 159,720-square-foot office building at 707 Eleventh Ave. in Manhattan. The building was purchased late last year by a venture led by Beacon ...
Trez Capital has provided $60 million of financing for the construction of the 282-unit Kavista in the village of El Portal in Miami. The eight-story property is being developed at 495 Northeast 83rd St., about eight miles northeast of downtown ...
Alexandria Housing Development Corp. has purchased the 196-unit Park Vue of Alexandria Apartments from Covenant Capital Group, financing it with a $51.4 million loan from the Amazon Housing Equity Fund. The property, at 511 Four Mile Road in Alexandria, Va., ...
Commercial Real Estate Direct Staff Report Ramsfield Hospitality Finance and CarVal Investors have provided $85 million of financing against the recently redeveloped Kimpton Alton Hotel, a 248-room boutique property in San Francisco's Fisherman's Wharf area. The property, built in the ...
Investment firm 29th Street Capital has paid $104 million, or $309,977/unit, for Peakline at Copperfield, a 266-unit apartment property in Aurora, Colo. The Chicago company purchased the property from its developer Grand Peaks of Denver. An affiliate of Walton Street ...
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