Other Multifamily News
DENVER, CO – December 21, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $30.777 million in financing in two separate transactions for two Denver multi-housing communities; Estrella Apartments and The Avalon.
Lakeland, Fla. – Berkadia has arranged the refinancing of Fountain Square Apartments, a 148-unit garden-style apartment community located in Lakeland, Florida. Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia’s South Florida office represented the borrower, Pensam Capital, in securing the loan.
JVM Realty Corp. (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced it has completed renovations to the common areas of the Avant at the Arboretum Apartments (Avant), a 310-unit luxury apartment community in Lisle, Ill., near Downers Grove, Naperville and Oak Brook.
CHICAGO, IL – December 17, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $27.5 million in financing for Valley Lo Tower II, a 112-unit, mid-rise multi-housing community in the northern Chicago suburb of Glenview, Illinois.
Arel Capital unveiled the new Bayou on the Bend after completing a multi-million dollar renovation and completely overhauling the luxury community following the devastating damage of Hurricane Harvey. The ten million dollar project included a total upgrade of 152 damaged units and a comprehensive revamp of the exterior and a significant upgrade of both interior and community amenities.
Private lender enters new market by funding multifamily redevelopment in Queens neighborhood
Taking advantage of the rising property values in its approximate 2,500-unit apartment portfolio, Universe Holdings has received $27.65 million in cash-out refinance loans secured by three of its Los Angeles apartment communities.