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Parkview Financial has provided $26.5 million of construction financing for part of Riverwest, a proposed mixed-use property in Miami's Little Havana neighborhood. The loan is designed to fund the construction of the property's first phase and the acquisition of land ...
MG Properties Group has paid $82 million, or $284,722/unit for the 288-unit Parq Crossing Apartments in Sparks, Nev., about four miles east of Reno, Nev. The San Diego investor bought the property from Guardian Capital of Carlsbad, Calif., which had ...
Commercial Observer Bank of Montreal has provided $215 million of financing against the 439,785-square-foot office building at 1450 Broadway in Manhattan. The five-year loan, which requires only interest payments for its entire term, allowed the property’s owner, Zar Group of ...
Dwight Capital has provided $35.7 million of financing under a U.S. Department of Housing and Urban Development program for the 225-unit 201 TwentyOne apartment building in Norfolk, Va. The loan takes out what had been a $37.74 million HUD loan ...
Commercial Observer Centennial Bank has provided $42.5 million of construction financing against the 121-unit apartment project at 200 Montague St. in Brooklyn, N.Y. Midtown Equities of New York is developing the 20-story property, which will also have 6,500 square feet ...
Rubenstein Mortgage Capital has provided another $21.8 million of financing against the 8West office/retail project in Atlanta's west midtown area, increasing its exposure to the property to $70.5 million. The debt-investment platform of investment manager Rubenstein Partners of Philadelphia in 2019 ...
Commercial Real Estate Direct Staff Report CIM Group has paid $126.3 million, or $419,601/unit, for the 301-unit Vale apartment property in Washington, D.C. The Los Angeles investment manager bought the complex from a venture of Hines, Urban Atlantic and Triden ...
Commercial Real Estate Direct Staff Report Shanghai Commercial Bank has provided $32.5 million of financing against the 60-unit apartment property at 433 West 53rd St. in Manhattan. The loan allowed the property’s owner and developer, Emmut Properties of New York, ...
CIT Group Inc. led a $26 million of financing to fund the acquisition of the Landmark Commerce Center industrial property in West Palm Beach, Fla., by Alliance HP The Bryn Mawr, Pa., investor purchased the three-building property, which has 193,500 ...
Commercial Real Estate Direct Staff Report A group of lenders led by Landesbank Hessen-Thuringen Girozentrale has provided $50 million of financing against the 123-unit Cove apartment property in Queens, N.Y. Rockrose Development of New York completed the property earlier this ...
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© 2023 Commercial Real Estate Direct All rights reserved..