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Rates & lending news – page 22
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MMCC Arranges $6.8M Acquisition Loan for Office Property in BaltimoreBALTIMORE — Marcus & Millichap Capital Corp. (MMCC) has arranged a $6.8 million acquisition loan for an office property located at 1520 S. Caton Ave. in Baltimore.
Representative imageNorthwest Bank Lends $28M on East Hartford Industrial BuySeyon Group has sealed $28.1 million of acquisition financing to purchase an 11-building industrial campus in East Hartford, Conn., Commercial Observer has learned.
Mesa West Capital Provides $81M Refi for Colorado Multifamily ComplexA joint venture between the Dinerstein Companies and PGIM has secured $81 million to refinance Atlas Peakview, a 330-unit multifamily complex that recently opened outside Denver, Colo., Commercial Observer can first report.
Citizens Bank Refis N.J. Industrial Property With $47M LoanWholesale product company EXP Group has landed $47 million of permanent debt to refinance an industrial asset in northern New Jersey, Commercial Observer has learned.
Tremont Realty Capital Provides $22.7M Loan for Refinancing of Metro Houston Healthcare PropertySUGAR LAND, TEXAS — Tremont Realty Capital, a division of Boston-based investment firm RMR Group, has provided a $22.7 million loan for the refinancing of Sugar Land Medical Plaza, a 120,000-square-foot healthcare property located on the southwestern outskirts of Houston.
JLL Arranges $58M Loan for Refinancing of Brooklyn Mixed-Use BuildingNEW YORK CITY — JLL has arranged a $58 million loan for the refinancing of 1333 Broadway, a mixed-use property in the Bushwick neighborhood of Brooklyn.
Affiliated Closes Financing on Mixed-Income Fort Lauderdale Apartment VentureAffiliated Development has closed on a $74 million construction loan with Pacific Life Insurance Company for The Cove, a mixed-use, mixed-income multifamily development on the northwest corner of Sunrise Boulevard and Federal Highway in Fort Lauderdale.
Northmarq Arranges Refi for Grocery-Anchored Queens RetailNorthmarq’s New York Metro Debt + Equity team led by Robert Delitsky and Keith Braddish arranged the $15-million refinance of Atlantic Plaza Shopping Center.
Peachtree Lends $113M on Apartments’ Conversion to Margaritaville Hotel SavannahTidal Real Estate Partners is “waving” hello to the opportunity to convert a Savannah, Ga., multifamily building into a Margaritaville-branded hotel.
Widening Influence Marked Lisa Pendergast’s Decade Leading CRE Finance CouncilA decade ago, Lisa Pendergast was enjoying her role heading up commercial mortgage-backed securities (CMBS) strategy at financial giant Jefferies when words of encouragement set her off on a new career path.
Deutsche Bank Lends $85M for Miami Beach Condo TowerNorthlink Capital has secured $85 million of construction financing to develop a Miami Beach luxury condominium project, Commercial Observer has learned.
Phoenix BTR Investor Inks $73.1M Bridge LoanGolden Horizons Enterprises inked a $73.1 bridge loan on Merrick on Camelback, a 334-unit built-to-rent community in Phoenix, Arizona. The financing was arranged by Lument and originated by Arcus Real Estate Capital.
Self-Storage Sector Bounces Back As Investors Move Past Market 'Trough'Investment in the self-storage market has been making a comeback after years of high interest rates and fewer home sales put a damper on the sector.
Representative imageLone Star PACE Provides $11.6M C-PACE Loan for Data Center Conversion Project in IrvingIRVING, TEXAS — Lone Star PACE has provided an $11.6 million C-PACE (Commercial Property Assessed Clean Energy) loan for a data center conversion project in Irving.
Greystone Provides $92M in Fannie Mae Loans to Metropolitan RealtyGreystone has provided a total of $91,851,000 in Fannie Mae loans to refinance and acquire three affordable housing communities located in New York.
Breakthrough Properties, Tishman Speyer Provide $90M Mezz Loan for Life Science CampusBreakthrough Properties and Tishman Speyer announced a joint investment in a $90-million mezzanine bridge loan for Aperture Del Mar, a newly constructed, 538,000-square-foot Class A life science campus in San Diego.
Lightstone Capital Refis San Diego Apartments With $34M LoanDeveloper Jeff Svitak has landed $34.25 million of bridge debt for a newly completed San Diego multifamily project, Commercial Observer has learned. Lightstone Capital originated the senior loan for Svitak’s Kaya Apartments development in San Diego’s Bankers Hill neighborhood.
NMHC Sees Declines in Capital Availability, Deal Flow in Latest SurveyApartment market conditions tightened over the past three months, with conditions for debt and equity financing worsening while deal flow decreased, the National Multifamily Housing Council (NMHC) reported in its July Quarterly Survey of Apartment Market Conditions.
Keller Inks $718.5M Refi on 13 SW USA Rental CommunitiesKeller Investment Properties will refinance a 13-property portfolio through a $718.5 million CMBS loan. Six are in Utah, four in Nevada and three in Arizona. Multihousing News reports that a Nomura affiliate will provide a two-year, floating-rate, interest-only loan.
BioMed Hands Boston Lab, Office Property To LenderThe lenders on a two-building lab and office complex in Boston's South End have taken over ownership from life sciences giant BioMed Realty.