Other Multifamily News
Little Rock, Ark. (December 5, 2018) – Berkadia has arranged the refinancing of Argenta Flats, a 160-unit multifamily community located in the historic Argenta District in downtown North Little Rock, Arkansas. Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia’s South Florida office represented the borrower, Salter Properties, in securing the loan, with assistance from Senior Director Patrick Jordan of Berkadia’s Memphis, Tennessee office.
Benefit Street Partners of New York provided the $13 million loan, comprising a first mortgage and mezzanine debt, for a 10-year term with two years interest only. This represents an 80 percent loan-to-value or 85 percent loan-to-cost.
HOUSTON, TX – November 29, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $15.3 million in financing for a 114-property residential portfolio in the Miami-Fort Lauderdale MSA.
DENVER, CO – November 28, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $9.52 million in financing for King Street Apartments, a newly built, 29-unit/94-bed apartment property net leased to Regis University in Denver, Colorado.
WASHINGTON, D.C. – November 20, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $31 million in financing for Province Springs, a 160-unit, 55+ age-restricted luxury independent living community in Colorado Springs, Colorado.
Greystone, a leading commercial real estate lending, investment, and advisory company, today announced that its Philadelphia-based transactions support team has helped to close over $1 billion in loan originations since establishing in 2016. Led by Dan Gillard, the team manages transactions for a range of Greystone originators nationwide.
ILoveLeasing.com® Spherexx.com® CRM+ was announced as a winner of a Bronze Stevie® Award in the Customer Service Department of the Year - Computer Services and Software in the 15th Annual International Business Awards®. The Tulsa, OK based company developed ILoveLeasing.com® in 2006 as one of its software offerings and it has been serving the multifamily industry since with lead management, marketing analytics, cost analysis and seamless integrations with popular property management accounting software and services. Other IBA winners in this category include Rimini Street, Carbonite, Inc., Cvent Inc., Zype, and Diligent Corporation.
Commercial Acoustics, a company that develops a number of products aimed at reducing sound transmission in commercial and multifamily buildings, is the winner of the 2018 NMHC Innovation Challenge.
LIVEbe, a premier apartment developer and operator, today announced that Jennifer Rucker, vice president of operations, has been named the John M. Gallagher, CPM Property Management Professional of the Year by the Property Management Association.