Greystone Real Estate Advisors announced it has closed the sale of Phase 1 of the 130-acre Ashgrove Commons mixed-use development in suburban Lexington, Kentucky.  Phase 1 is a 60-acre mixed-use site at Nicholasville Road and Ashgrove Road, and is now being developed by Cincinnati-based Inverness Homes, a division of Hills Properties. Phase 1 will contain a 312-unit class A apartment community as well as 98 single-family homes, with site work scheduled to commence by June 1.

Berkadia announces it has arranged a $20.43 million bridge loan for the refinancing of five vintage apartment properties located in Bay Harbor Islands and the South Beach section of Miami Beach, FL. Senior Managing Director Charles Foschini, Managing Director Christopher Apone, and Analyst Shannon Wilson arranged the loan on behalf of Boardwalk Properties, a real estate investment and management firm based in Miami Beach.

BARTOW, Fla., May 17, 2018 – Franklin Street has arranged a $13.875 million Fannie Mae loan for the acquisition financing of Villages at Laurel Meadows, a 156-unit multifamily apartment property located midway between Tampa and Orlando in Bartow, Florida. Casey Siggins and Ben Miller of Franklin Street’s Capital Advisors division secured the loan on behalf of the buyer, VLM Investors, LLC. The 10-year loan has a fixed rate of sub-4.75 percent and features a 30-year amortization schedule following a significant interest-only period. Franklin Street’s Lonnie Kitchen provided insurance services and the buyer selected Franklin Street Management Services to manage the asset.

SAN DIEGO, CA - ACI Apartments is pleased to announce the sale 1057-63 Missouri Street, an 8 unit along a quiet residential street located in the San Diego neighborhood of Pacific Beach.

Greystone Real Estate Advisors announced it has closed the $16 million sale of Darlington Court Apartments, a multifamily property in Crystal Lake, Illinois. Bill Montana and Chris Sackley facilitated the transaction on behalf of Darlington Properties, LLC.  

Greystone, a commercial real estate lending, investment, and advisory company, announced it has provided a $28.5 million Fannie Mae DUS loan for the acquisition of Carmel Pointe in Sacramento, California. Greystone’s Northern California Advisory team, which consists of Simon Herrmann, Todd Vitzthum, and Cody Field, worked closely with the borrower to ensure a seamless process.  

South Florida private direct lender projected to generate more than $400 million in 2018 deals

WINLYND, LLC has acquired the distressed bank note on a 384-bed student housing community in Beaumont, Texas and subsequently took ownership of the property following a foreclosure auction. The purchase price was not disclosed.