Other Multifamily News
Concord Summit Capital, LLC (“Concord Summit”) arranged a $70 million bridge loan to the developer of a 376-unit luxury apartment community in the suburbs of Buffalo, New York. Buffalo-based Rane Property Management LLC has already completed the 232-unit first phase of Heron Pointe Apartments and is currently building out the final 144 units, which should be delivered in the third quarter of 2022.
HOUSTON (April 20, 2022) – Berkadia announces it has arranged the sale and financing of Broadstone Memorial, a 401-unit, 2007 built multifamily community in Houston’s Energy Corridor. Senior Managing Directors Todd Marix and Chris Curry, Managing Directors Jeffrey Skipworth, Chris Young and Joey Rippel, and Director Kyle Whitney of Berkadia Houston represented the seller, AEW Capital Management, a real estate investment management company based in Boston, .
Greystone, a leading commercial real estate finance firm, announced it has closed $67,450,000 in bridge financing secured by a portfolio of five (5) multifamily properties on behalf of Conquest Housing and BLVD Communities, the Sponsor. The refinancing transaction, which was brought to Greystone by Cushman & Wakefield, and funded by a Greystone Monticello affiliate, comprises a 619-unit portfolio of Section 8 HAP properties across various states including New Jersey, Arkansas, Ohio, and Wisconsin.
Greystone, a leading national commercial real estate finance company, has provided a $16,605,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 168-unit multifamily property in Tallahassee, Florida. The transaction was originated by Kyle Jemtrud, Managing Director at Greystone, on behalf of Pax Properties LLC.
Jersey City, N.J. (April 8, 2022) – Electra Capital, a boutique lender specializing in flexible, short-term multifamily financing solutions, originated $19 million of mezzanine debt behind an $86 million senior loan for the refinancing of two Class A, luxury apartment properties in Jersey City, N.J.: Rivet (163 units) and Rivet26 (199 units).
Greystone, a leading national commercial real estate finance company, has provided an $11,050,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 124-unit multifamily property in Oakland Park, Florida. The transaction was originated by Kyle Jemtrud, Managing Director at Greystone, on behalf of 61-34 Madison Real Estate LLC.
Greystone, a leading national commercial real estate finance company, has placed $140 million in total financing for both the refinancing and new construction of senior housing in Scottsdale, AZ. Greystone’s Senior Housing Capital Markets Team, led by Cary Tremper and Matt Miller, arranged the financing from a national bank on behalf of Senior Resource Group, LLC.
Greystone, a leading national commercial real estate finance company, has provided a $17,529,400 construction loan under the HUD 221(d)(4) program for the $38.7 million redevelopment of an age-restricted affordable housing community located in West Palm Beach, Florida. The transaction was originated by Jon Morales, Senior Vice President at Greystone, on behalf of PHASE Housing Corporation, Inc.