Berkadia secured $328.25 million in Freddie Mac funds for three apartment communities in Massachusetts and Ohio.
Tag: Multifamily
House Approves $2 Trillion Stimulus Bill; Trump Signs into Law
The House on Friday approved a massive $2 trillion stimulus bill aimed at injecting a much-needed boost to a U.S. economy that has been staggered by the coronavirus pandemic.
Dealmaker: NorthMarq Secures $64M for Resort, Multifamily Assets
NorthMarq, Minneapolis, arranged $64.2 million in financing for lodging and multifamily properties in Colorado and Florida.
Dealmaker: Arbor Funds $52M in Refi, Bridge Loans
Arbor Realty Trust Inc., Uniondale, N.Y., funded $52.1 million for multifamily properties in California and Louisiana.
MBA Chart of the Week: Year-to-Date Returns for REIT Stocks
How the health, social and economic impacts of the coronavirus outbreak flow through to commercial and multifamily properties remains clouded in uncertainty – mainly because of the uncertainty about the virus itself and our public and private responses to it. One thing that is clear is that different property types and different markets will be affected differently.
Dealmaker: Mesa West Capital Originates $65M for Los Angeles Apartments
Mesa West Capital, Los Angeles, provided Newport Beach, Calif.-based Sares-Regis Group with $65 million in first mortgage debt to acquire a 169-unit multifamily community in Los Angeles’ Mid-Wilshire neighborhood.
MBA: Commercial/Multifamily Mortgage Debt Grows by Largest Annual Amount Since 2006
The Mortgage Bankers Association this morning reported commercial/multifamily mortgage debt outstanding at the end of 2019 rose by $248 billion (7.3 percent) from a year ago.
Apartment Completions Set to Surge; Occupancy, Rent Growth Could Cool
The U.S. apartment stock grew more than two million units during the past decade, and completions will likely climb further as the 2020s continue, said RealPage, Richardson, Texas.
Dealmaker: Walker & Dunlop Structures $71M for Multifamily
Walker & Dunlop, Bethesda, Md., structured $44.8 million in financing for the Ambling Portfolio, a collection of eight multifamily properties throughout the southeastern U.S.
#CREF2020: Multifamily Facing ‘Significant Changes’
SAN DIEGO–Some call multifamily an Energizer Bunny that just keeps going. But the sector faces significant changes, including regulatory shifts and a new floating-rate index, analysts said here at the Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo.