CPC funds $48M refi’ on affordable Coney Island tower
CPC Mortgage Company, a subsidiary of The Community Preservation Corporation (CPC), and Ocean Towers Partners LLC, a joint venture between Proto Property Services, LLC and
Tag : freddie mac
Point Capital refinances JC apartment building with $20M loan
JLL Capital Markets has arranged a $20.5 million refinancing for Garabrant in Jersey City, New Jersey. JLL worked on behalf of the borrower, Point Capital Development, LLC,
Greystone, Lappin JV a ‘life raft’ for affordable housing owners
Investment advisor Greystone has formed a joint venture with affordable housing company Lappin Associates. The joint venture will aim to deploy billions in capital for
ABS division closes on $58M in loans like the old days
ABS Altman Warwick, a division of ABS Partners Real Estate, has closed loans totaling nearly $58 million on two multifamily portfolios in New York City.
Mortgage holders catch break as Cuomo tells banks to back off
Governor Andrew Cuomo announced a break for New Yorkers with mortgages, through April 20. Under executive order, the Superintendent of the Department of Financial Services
BlackRock balancing America’s economy on its back
BlackRock, the world’s largest asset manager, has been put in charge of running a new credit facility set up to help large New York employers
Confusion reigns as owners, renters worry about how to pay their bills
Multifamily borrowers with Freddie Mac loans have been granted a 90-day extension on loan payments, it was announced yesterday (Tuesday, March 23rd). It was the
NKF secures debt, equity for NC apartment deal
Newmark Knight Frank Multifamily (NKF) announced the financing of Hawthorne Six Forks, a 471-unit apartment community located in Raleigh, North Carolina. The buyer retained NKF
Harbor Group makes record $1.85B apartment acquisition
Harbor Group International has purchased a $1.85 billion apartment portfolio in the biggest multifamily transaction in the US since 2016. The company led by Jordan
Freddie protects $69B in mortgages
Freddie Mac’s Single-Family business announced that its Credit Risk Transfer (CRT) program transferred approximately $2.5 billion of credit risk on $69 billion of single-family mortgages