New Construction and Development
JLL Capital Markets announced today it has arranged construction financing for Iron Ore Properties for the development of a 25,000-square-foot mixed-use building with 11 luxury apartments at 104 Baker Street in downtown Maplewood, New Jersey.
Greystone, a leading commercial real estate lending, investment, and advisory company, has provided a $30 million HUD-insured construction loan for the development of Mills Creek Preserve Apartments, a new 188-unit multifamily community located in Yulee, Florida. The transaction was originated by Christine Griffin, Managing Director in Greystone’s New York office.
Winter Haven, Fla. (July 1, 2020) – Berkadia announces it has secured $7.5 million in financing for the recapitalization of Lakeshore Club, a 50-unit mid-rise apartment property located in Winter Haven, Florida. Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia’s Miami office arranged the financing on behalf of borrower Westside Capital Group, which acquired the property in 2017.
Miami, Fla. (July 1, 2020) – Berkadia announces it has secured $14.36 million in financing for the recapitalization of First & Sixth Apartments, a new 100-unit high-rise apartment building located in the Miami River District of Miami, Fla. Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia’s Miami office arranged the financing on behalf of borrower, The Eastern Atlantic Companies.
Berkadia originated and Freddie Mac purchased the 10-year, fixed-rate loan with three years interest only, at a 62 percent loan to value.
Sacramento, Calif. (June 2020) – 29th Street Capital has expanded its development and construction team to better align with the multifamily investment firm’s strategies. The firm, which recently expanded its development team, has now added an internal construction division with an in-house General Contractor.
Developers of much-anticipated student housing community encourage ongoing contributions to support school during COVID-19 crisis
DALLAS, June 23, 2020 – JLL Capital Markets announced today that it has arranged equity and financing for the development of Stillwater Crystal Springs, a 386-unit, Class A+ apartment community in Fort Worth, Texas.
