Dealmaker: Merchants Capital Secures $77M for St. Paul Affordable Housing Project

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.

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.