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Rates & lending news – page 31
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The Bond Market Is Taking the Fed’s Hawkish CueExecutive Summary Kevin Warsh’s arrival as Fed chair is reinforcing a more hawkish tone and a deliberate shift toward letting markets take the lead in pricing interest rates. Bond investors appear to be accepting that invitation.
Lender Offloads 301-Unit Tucson Apartment AssetA lender-owned Tucson apartment complex traded for $32 million, well below what the previous buyer paid for the development four years earlier.
CMBS Loan Backed by Moinian Group’s 2 Washington Street Sent to Special ServicingOne of the Moinian Group’s premier properties is now in the hands of special servicing.
Dwight Capital Closes Two Corpus Christi Loans Totaling $96MDwight Capital has closed two HUD 223(f) refinance loans totaling $96MM for a pair of garden-style apartment communities in Corpus Christi, TX: A $48.2 million loan financed La Joya by Azali, a 336-unit waterfront co millionunity comprising 14 three-story residential buildings…
Focus, Bradford Allen Ink $135M Tampa Bay Construction LoanFocus and Bradford Allen closed on a $135 million construction loan to fund development of 275 5th Street in downtown St. Petersburg. Affinius Capital originated the loan. The 24-story, Class A multifamily property will feature 373 apartments and 6,384 square feet of retail.
Stonelake Lands $135M Refi on Domain TowerStonelake Capital has closed on a $135 million refinancing for Domain Tower 2, a 332,000 square foot office tower that rises 24 stories in Austin’s Domain district. The loan was issued by Barings. Commercial Search reports JP Morgan held the previous, 2023-originated debt.
Representative imageRed Oak Capital Provides $3.4M Bridge Loan for Killeen Apartment ComplexKILLEEN, TEXAS — Red Oak Capital Holdings has provided a $3.4 million bridge loan for Cedar Creek Apartments, a 60-unit multifamily complex located in the Central Texas city of Killeen.
JLL Arranges Construction Financing for 709-Unit Self-Storage Facility in Hillsborough, New JerseyHILLSBOROUGH, N.J. — JLL has arranged an undisclosed amount of construction financing for a 709-unit self-storage facility that will be located in the Northern New Jersey community of Hillsborough.
Crown Heights Office/Flex Property Garners Bridge Loan for RefiArrow Real Estate Advisors arranged a $22,000,000 bridge refinance for 1000 Dean St., a creative office and flex property located in Brooklyn’s Crown Heights/Prospect Heights submarket.
Citigroup Refis East Village Apartment Building With $45M CMBS LoanBenchmark Real Estate Group has sealed $44.5 million of commercial mortgage-backed securities (CMBS) debt to refinance a multifamily property in Manhattan’s East Village, Commercial Observer has learned.
Bonaventure Raises $54M for Two Virginia Multifamily PropertiesA multifamily investment firm has closed two financing vehicles that combine for $54.2 million for two Class A apartment developments in Virginia.
Representative imageSupreme Court Rules Trump Cannot Remove Lisa Cook From Fed — For NowPresident Donald Trump’s attempt to reshape the Federal Reserve toward a dovish ideology that will lower interest rates was dealt a near-term blow by the nation’s highest court. The U.S.
Lender Provides $129.8M Loan for Dallas Retail Center RestructuringStandard Chartered closed on a $129.8 million five-year term loan provided to an Ares Real Estate fund (Ares) and funds managed by Northwood Investors for the financing of The Shops at Park Lane, a mixed-use retail and office destination in Dallas, Texas.
Affinius Provides $135M Construction Loan in St. Petersburg for Mixed-Use TowerA joint venture between Focus and Bradford Allen has secured $135 million in construction financing to build 275 Fifth Street, a 24-story, 373-unit mixed-use multifamily tower in St. Petersburg, Fla., Commercial Observer can first report.
Great Expectations Receives Construction Financing for 102-Unit Affordable Housing Project in Puyallup, WashingtonPUYALLUP, WASH. — Great Expectations, a Seattle-based affordable housing developer, has received an undisclosed amount of construction financing for Addison Grove, a 102-unit affordable housing project in Puyallup, 36 miles south of Seattle.
Representative imageCushman & Wakefield Arranges Financing for IOS Facility in South Plainfield, New JerseySOUTH PLAINFIELD, N.J. — Cushman & Wakefield has arranged an undisclosed amount of acquisition financing, as well as joint venture equity, for an approximately 8-acre industrial outdoor storage (IOS) facility in South Plainfield, about 40 miles southwest of New York City.
Truist Bank Supplies $300M Credit Facility for JIOS’s Expanding IOS PortfolioThe momentum behind the industrial outdoor storage space shows no sign of slowing, and one firm just closed a new financing facility to enable it to continue to scale its IOS investments.
Walker & Dunlop Arranges Wells Fargo Refi for Rosemead CenterWalker & Dunlop has arranged a $46-million refinance loan for Rosemead Place, a prominent retail center in Rosemead.
22-Property NJ Workforce Portfolio Refinanced for $38MBenmark Capital recently closed on a $38-million loan to refinance a 22-building workforce housing portfolio in Paterson, NJ. The financing was secured by Ania Management, led by Founder and CEO Charles Florio. The transaction was arranged by Marc Waldman of Kentmoore Capital.
New-Construction San Diego Apartments Score $53M Bridge LoanBroadshore Capital Partners, LLC closed on a $53.2-million floating-rate senior bridge loan secured by Monroe North Park, a newly delivered 137-unit Class A multifamily community located at 3090 Polk Ave. in the North Park neighborhood of San Diego.