News
Walker & Dunlop, Pretium Close on $76M Bridge Loan for Chelsea Apartments
Walker & Dunlop, Inc. and Pretium said Monday they have closed a $75.7-million bridge loan with Walker & Dunlop Affordable Bridge Capital, the firms’ affordable housing bridge lending joint venture, to refinance a 174-unit affordable multifamily housing community located in Manhattan. The financing will support the property through an anticipated permanent refinance under the HUD 223(f) program. The...
Learn more
Affinius Lends $120M to Refinance Kearny Mesa Luxury Apartments
Affinius Capital LLC closed on a $120-million loan to refinance Elowen, a Class A, 7-story, 302-unit multifamily property located in the Kearny Mesa neighborhood of San Diego. The loan was made to AAA Management and was arranged by JLL’s Bryan Clark. “The Kearny Mesa submarket has demonstrated consistent renter demand, and Elowen is exactly the...
Learn more
Fargo Developer Enclave Closes on $80M Mixed-Use Development in MN
Fargo-based developer Enclave has officially closed on Krew, a new multifamily community with ground-floor commercial space valued at $79.9 million in Shoreview, Minnesota. Enclave Construction is set to break ground on the 293-unit community, with completion expected in June of 2028. The construction firm will build in phases, allowing residents to move in before the...
Learn more
Canadian Residential Asking Rents Decline for 20th Consecutive Month
Canadian residential asking rents fell 4.7% year-over-year in May to $2,029, marking the 20th consecutive month of annual declines, says the latest National Rent Report from Rentals.ca and Urbanation. Average asking rents were down about $100 from a year earlier and 7.9% lower than two years ago, although they remained 0.7% above levels recorded three...
Learn more
Dwight Capital Finances $66M Loan for 312-Unit Abilene Rental Community
Martin Inderman Development obtained a $66 million HUD 221(d)(4) construction loan for The Lariat at Abilene, a 312-unit luxury multifamily development in Abilene, TX. Situated on 13 acres, the property will consist of 13 three-story garden-style apartment buildings—offering 186 one-bedroom and 126 two-bedroom units—six garages, and a clubhouse. Residents will enjoy smart-home technology and resort-style amenities,...
Learn more
Gantry Secures $40M Construction Takeout Loan for St. Paul Multifamily
Gantry has secured a $39.5 million permanent loan as construction takeout financing for the Edison at Woodbury apartments located at 326 Karen Drive in Woodbury, Minnesota, a Twin Cities suburb east of St. Paul. The recently completed mid-rise apartment building also includes a limited mix of satellite townhome and carriage house units featuring living space...
Learn more
Newmark Arranges $53M Sale of Waterford Apartments in Everett
Newmark has arranged the $53.3 million sale and Freddie Mac financing of Waterford Apartments, a 200-unit apartment community in Everett, Washington. The transaction is the highest price paid for a multifamily community in Everett since May of 2023. Newmark Multifamily Executive Managing Director Marty Leith represented the undisclosed seller, and Managing Director Alec Newman arranged...
Learn more
Cinnaire Closes $307M Low Income Housing Tax Credit Equity Fund
Cinnaire announced the closing of a $307 million Low-Income Housing Tax Credit (LIHTC) equity fund, the second largest investment in the organization’s history. Cinnaire’s Fund for Housing Limited Partnership 45 (Fund 45) will finance the creation and preservation of 2,259 affordable housing units across 27 properties in ten states. Fund 45 will support multifamily housing...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout