How Many Homes Are Sold in the US Each Year?
It’s safe to say that the US housing market is the heartbeat of the American economy. When it’s booming, the whole country feels the rush; … Continued
Category : Finance
CBRE Arranges $62.4 Million Loan for Phased Acquisition of Multifamily Community in Pendergrass, Georgia
CBRE has arranged acquisition financing of The Blakely, a four-phase, 420-unit multifamily complex in Pendergrass, Georgia. ARC Multifamily Group is acquiring the partially developed community in phases for $88.4 million from developer Green River Builders. CBRE Capital Markets’ Debt & Structured Finance worked on behalf of the borrower, ARC, to...
Capital One Closes Freddie Mac Loans Totaling $91 Million for Southern California Apartment Communities
Capital One announced today that it has provided two variable-rate Freddie Mac loans to Raintree Partners, totaling $91 million. The loans will be used to support Raintree’s investment in multifamily communities in Southern California. The funding consists of a $77.3 million loan to refinance Colony Parc, a 272-unit community in Ventura,...
HALL Structured Finance Originates $38.7M Loan for the Construction of the roost Apartment Hotel in Charleston
Dallas-based HALL Structured Finance (HSF) announced today that the company has originated a new first lien construction loan totaling $38.7 million to finance thedevelopment of the ROOST Apartment Hotel located in Charleston, South Carolina. The extended-stay, boutique apartment hotel will be operated by Philadelphia-based Method Co., a real estate management,...
IBORROW PROVIDES FINANCING FOR ACQUISITION ANDRENOVATION OF FAMED HAMPTONS BOUTIQUE HOTEL ON LONG ISLAND, NEW YORK
iBorrow,a nationwide private direct lender for commercial real estate, has provided financing to a well-known boutique hotel/inn owner and operator to support the acquisition and renovation of Wainscott Inn, a 30-room boutique inn situated on the east end of Long Island in Sagaponack, New York. The financing comes at a...
$32M refinancing secured for Class A office buildings in Northern N.J.
JLL Capital Markets announced today that it has arranged a $32 million refinancing for Glenpointe Centre East and the Atrium at Glenpointe, two Class A office buildings totaling 320,000 square feet in Teaneck, New Jersey. JLL worked on behalf of the borrower, Alfred Sanzari Enterprises, Inc. to secure the 10-year, fixed-rate...
Altrio Raises $8 Million in Series A Funding to Digitize Global Real Estate Capital Markets
Altrio today announced that it has raised CAD$8 million in Series A funding to digitize global real estate capital markets. The investment was led by Whitecap Venture Partners with participation from Mantella Venture Partners, Alate Partners, and Colliers. Altrio plans to use the funds to double its head count from 26 today to more than 50...
Fannie Mae Executes Credit Insurance Risk Transfer Transaction on $19 Billion of Single-Family Loans
Fannie Mae (FNMA/OTC) announced today that it has executed its sixth Credit Insurance Risk Transfer™ (CIRT™) transaction of 2022. As part of Fannie Mae’s ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2022-6 transferred $725 million of mortgage credit risk...
Newmark Secures $590M Financing Loan for 1540 Broadway
On behalf of Edge Fund Advisors and HSBC, Newmark has arranged the $590 million financing of 1540 Broadway, a Class-A landmark, trophy-office building located in Times Square. The Newmark team was led by Jordan Roeschlaub and Dustin Stolly, Vice Chairmen and Co-Heads of the Debt & Equity. Apollo, MSD and Monarch...
Fintech Startup Tomo Doubles Valuation to $640 Million in Series A Fundraise
Tomo, the fintech startup that’s transforming the way people buy homes, announced it raised $40 million in its Series A round, more than doubling its valuation to $640 million. SVB Capital led the fundraising, which included previous investors Ribbit Capital, NFX and Zigg Capital, as well as new investor Telesoft...