Commercial Real Estate Direct Staff Report The commercial mortgage universe grew by $64.8 billion, or 1.6 percent, in the third quarter, to $4.05 trillion, according to the Mortgage Bankers Association. That pace of growth is slightly greater than the 1.5 ...
Allegiant Real Estate Capital has provided $76.75 million of mortgage financing against a portfolio of three apartment buildings with 158 units in East Harlem, N.Y. The buildings, 2338 Second Ave., 329 Pleasant Ave. and 2211 Third Ave., are owned by ...
Callodine Group, a Boston investment manager formed two years ago by a former Fidelity Investments portfolio manager, has agreed to acquire a majority stake in alternative commercial real estate lender Thorofare Capital. The acquisition, slated to be completed later this ...
Trailbreak Partners has paid $24.7 million, or $230,841/unit, for the 107-unit Eleven13 Apartments in Fort Collins, Colo. The Denver investment and development firm purchased the property from Bridge Partners Inc. of Walnut Creek, Calif., which was represented by Berkadia’s Denver ...
Berkadia has originated a $40.2 million Fannie Mae mortgage against Pickwick Farms, a 516-unit apartment property in Indianapolis. The 10-year loan pays a coupon of 3.7 percent and amortizes on a 30-year schedule. It allows the property’s owner, Zidan Management ...
Commercial Observer Scale Lending has provided $68.5 million of construction financing for the 165-unit apartment project at 210 Clarkson Ave. in Brooklyn, N.Y., that's being developed by K2 Real Estate Partners. The loan was arranged by Meridian Capital Group arranged. ...
Ladder Capital Finance has provided $59 million of mortgage debt against the Film Factory, a recently completed mixed-use building with 141,000 square feet in the Maspeth section of Queens, N.Y. The short-term loan was arranged by JLL Capital Markets. Its ...
Parkview Financial has provided $54.4 million of financing for the development of a pair of apartment properties with a total of 272 units in Tacoma and Kent, Wash. The two properties are at 102 Madison Ave., with 157 units in ...
Dwight Capital has provided $25.85 million of financing under the U.S. Department of Housing and Urban Development's 221(d)(4) program for the 217-unit Majestic Parc Apartments in Denton, Texas. The property, at 2700 East McKinney St., was completed in 2019 and ...
JLL has originated $36.5 million of Fannie Mae financing against a portfolio of 11 apartment properties with 202 units in southern California owned by Universe Holdings. The loan, with a 10-year term, pays a coupon of 3.53 percent and allowed ...
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