News
Arrow Lines Up Acquisition Financing for 7-Property Mixed-Use Portfolio
Arrow Real Estate Advisors arranged a $69.7-million acquisition bridge loan on behalf of TARGO Capital Partners for a seven-property, mixed-use portfolio located across Manhattan’s Lower East Side, East Village and West Village submarkets. Founder and managing partner Morris Betesh, director Brandon Serota, SVP Morris Dabbah and analyst Zach Strauss arranged the loan, which was provided...
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BHI Provides Condo Inventory Loan for Ground-Up Luxury Project
BHI, the U.S branch of Bank Hapoalim, B.M., provided a $200-million condo inventory loan to Malabar Residences, a newly constructed ultra luxury residential condominium and ground-floor retail building located at 126 E. 57th St. and developed by MRR Development.. The financing retires Malabar Residences’ existing construction loan as the project nears completion and enters its...
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Interra Realty Brokers $23M Sale of Suburban Chicago Apartments
Interra Realty facilitated the sale of 20West, a six-story, 71-unit rental community at 20 W. Northwest Highway in Mount Prospect, Illinois, for $23 million. The transaction equated to $323,943 per unit. Interra Managing Partner Paul Waterloo, Managing Partner Patrick Kennelly and Director Nathan Zito represented the buyer, Wheeling-based Anemone Real Estate. Zito, Waterloo and Kennelly...
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King County Housing Authority Completes $125M Revamp of Kirkland MF
The King County Housing Authority (KCHA) recently celebrated the grand opening of Kirkland Heights, a newly redeveloped affordable housing community that preserves long-standing affordability while expanding housing options for families in Kirkland. The grand opening marks the completion of a multi-year transformation of the 13-acre site into a modern, garden-style community with 276 affordable rental...
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Slate Property Group Closes on $86M Refi for LIC Apartments
Slate Property Group has closed on an $86.25-million refinancing for Dutch House, a 186-unit multifamily property located at 37-05 30th St. in Long Island City. Walker & Dunlop Capital Markets Institutional Advisory, led by Aaron Appel, Jonathan Schwartz, Dustin Stolly, Keith Kurland, Adam Schwartz and Sean Bastian, represented Slate and Avenue Realty Capital in arranging the refinancing. Ares Capital Management provided the...
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JLL Closes HUD 232/223(f) Loan for New Hampshire Memory Care Facility
JLL Capital Markets announced that through its lending arm, JLL Real Estate Capital, LLC, it closed a $20.3-million HUD 232/223(f) insured mortgage loan for Spring Village at Dover, a 50-unit / 56-bed memory care community located in Dover, NH. The financing will enable the property’s private equity ownership to continue delivering specialized dementia care services while Woodbine Senior Living,...
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Greysteel Brokers $10M Sale, Financing of Norfolk Apartments
Greysteel completed the $10 million sale and financing of River Oaks Apartments, a 100-unit apartment community in Norfolk, Virginia, to a local private investor. River Oaks Apartments, located at 1464 Gabriel Drive, consists of one- and two-bedroom flats. Greysteel’s investment sales team identified 30-35% rental upside through renovations, while the firm’s debt and structured finance...
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Construction Tops Out at La Mesa Townhome/Apartment Complex
Good and Roberts, an affiliate of general contractor C.W. Driver Companies, has topped out on Ibis La Mesa. Owned by Sea Anemone, LLC, the $29-million housing project on the former site of a medical office building blends townhome and multifamily options for families and working professionals. Ibis La Mesa will deliver a total of eight buildings, including four townhouse-style buildings (30 units), three...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout