Commercial Observer Cerberus Capital Management has provided $77.2 million of financing against the 114-unit Rockwell apartment property in New Rochelle, N.Y. Greystone Capital Advisors arranged the loan on behalf of the property's developer, a venture of Young Cos. and Phil ...
A group of lenders led by Huntington National Bank has provided $300 million of construction financing for the Mather Tysons, a 378-unit seniors-housing project in Tysons, Va,, about 15 miles west of Washington, D.C. Walker & Dunlop arranged the loan. ...
Mack Real Estate Group is taking its alternative-lending business public. The New York investment manager has filed to take Claros Mortgage Trust Inc., which has a portfolio of $7.55 billion of senior and subordinate loans and has funded $11.5 billion ...
Commercial Real Estate Direct Staff Report A venture of Trinity Property Group and College Town Communities has paid $43.2 million, or $75,789/room, for the 570-room Campus Palms student-housing property in Tampa, Fla., two blocks from the University of South Florida. ...
Timberland Partners has paid $43.5 million, or $258,928/unit, for the 168-unit Vincent Woods Apartments in the Minneapolis suburb of Rogers, Minn. The Bloomington, Minn., company purchased the property from its developer, Trident Development of Saint Cloud, Minn., which was represented ...
Commercial Real Estate Direct Staff Report The $780 million CMBS loan that KKR & Co. had assumed as part of its purchase of a portfolio of 48 select- and limited-service hotels with 6,402 rooms has been extended by another six years ...
Greystone has provided $24.95 million of financing under the U.S. Department of Housing and Urban Development's 221(d)(4) program for the construction of the 100-unit Altitude Apartments in Glenwood Springs, Colo. The property is being developed by a venture of Triumph ...
The Real Deal Centennial Bank has provided $101 million of construction financing for the 386-unit residential condominium project at 131-02 40th St. in Queens, N.Y. Jade Century Properties of New York is developing the property, which will be comprised of ...
The Real Deal Blackstone Group has provided $258 million of financing against the 291-unit apartment property at 34 Desbrosses St. in Manhattan. The loan allowed the property’s owner, Related Cos., to retire $160 million of debt that JPMorgan Chase Bank ...
MG Properties has paid $85.5 million, or $427,500/unit, for the 200-unit Village on Main Apartments in Ruston, Wash., just outside of Tacoma, Wash. The San Diego investor bought the property from a limited liability company managed by Loren McBride Cohen, ...
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