ACRES Capital Corp., New York, originated $92.6 million in construction financing for multifamily and condominium buildings in Minneapolis and St. Petersburg, Fla.
Tag: Dealmaker
Dealmaker: Institutional Property Advisors Closes $202M Multifamily Portfolio Sale
Institutional Property Advisors, Ontario, Calif., brokered $201.75 million portfolio for sale of three multifamily properties in Arizona and New Mexico.
Dealmaker: Mesa West Capital Originates $85M for Minneapolis Multifamily
Mesa West Capital, Los Angeles, provided Minneapolis-based multifamily investment firm Bader Diamond Funds with $85 million to acquire Hampshire Hill, a 534-unit community in Bloomington, Minn.
Dealmaker: Marcus & Millichap Sells Miami Beach Waterfront Development Portfolio
Marcus & Millichap, Calabasas, Calif., sold a waterfront development portfolio on Normandy Isle in Miami Beach, Fla. The combined properties sold for $15.8 million.
Dealmaker: George Smith Partners Secures $67M for Idaho Mixed-Use Project
George Smith Partners, Los Angeles, arranged $67 million, or $286,324 per unit, in non-recourse construction financing for a 234-unit mixed-use development in Garden City, Idaho.
Dealmaker: Dwight Capital Finances $89M
Dwight Capital, New York, closed $88.6 million in financings for assets in South Carolina, Missouri and Texas.
Dealmaker: NewPoint Real Estate Capital Provides $158M in Freddie Mac Financing
NewPoint Real Estate Capital LLC, Plano, Texas, provided $157.9 to Bard Investment Co. to refinance a four-property multifamily portfolio in Arizona.
Dealmaker: Hilco Real Estate Closes $27M in Hotel Transactions
Hilco Real Estate LLC, Northbrook, Ill., brokered hotel sales in Alabama and Tennessee totaling $27 million.
Dealmaker: Marcus & Millichap Brokers $22M Orlando Retail Sale
Marcus & Millichap, Calabasas, Calif., sold Hoffner Commerce Center, a 93,750-square-foot retail property on a 10.4-acre lot in Orlando, Fla., for $22 million.
Dealmaker: Northmarq Completes $46M in Multifamily Refis
Northmarq, Minneapolis, arranged $45.9 million to refinance four Wisconsin and California multifamily properties.