Merchants Capital arranged the debt financing for Soul totaling more than $77 million. The firm secured a $33 million Merchants Bank of Indiana construction loan, a $16.6 million MBI equity bridge loan and a $27.45 million Freddie Mac Tax-Exempt Loan to comprise the total $77 million. RBC Capital Markets served as the equity provider for the project.
Tag: Dealmaker
Dealmaker: JLL Finances Cincinnati Office Portfolio
JLL Capital Markets, Chicago sold and arranged financing for 400 Oak St. and 2905 Vernon Place, a two-building office portfolio totaling 303,130 square feet in Cincinnati, Ohio.
Dealmaker: Greystone Provides $95M for Chicago-Area Multifamily
Greystone, New York, provided a $94.4 Fannie Mae Delegated Underwriting & Servicing loan to acquire a 586-unit multifamily property in Arlington Heights, Ill., for $131 million.
Dealmaker: D2 Capital Advisors Arranges $8.5M for Vacant Office Building
D2 Capital Advisors, Philadelphia, arranged an $8,500,000 refinancing for an 81,400-square-foot office building at 1000 Campus Drive in Collegeville, Pa.
Dealmaker: JLL Arranges $48M in Construction Financing for Build-to-Rent Community
JLL Capital Markets, Chicago, arranged $48 million in construction financing for the development of Solamar Wildwood, a 243-unit build-to-rent townhome and villa community in Wildwood, Fla.
Dealmaker: Berkadia Secures $20M for Iowa Multifamily
Berkadia secured $20 million for District 42 Apartments, a 215-unit mid-rise multifamily property in Sioux City, Iowa.
Dealmaker: Marcus & Millichap Closes $46M Retail, Office Portfolio Sale
Marcus & Millichap, Calabasas, Calif., sold a 10-property, 310,000-square-foot retail and office portfolio in Ocean County, N.J., for $46 million.
Dealmaker: Northmarq Negotiates $67M for Nebraska Multifamily
Northmarq’s Omaha, Neb., office secured $67.2 million in acquisition financing for Omaha-area multifamily properties.
Dealmaker: Gantry Secures $17M for California Retail Center
Gantry, San Francisco, secured $16.7 million to refinance the Market Place at Town Center retail center in El Dorado Hills, Calif., near Sacramento.
Dealmaker: Sonnenblick-Eichner Arranges $27M for Two California Hotels
Sonnenblick-Eichner Co., Beverly Hills. Calif., arranged $26.7 million in non-cross collateralized financing for two northern California properties: Lafayette Park Hotel & Spa and The Lodge at Bodega Bay.