Other Multifamily News

Mesa West Capital has provided KB Investment and Development Company with $108 million in first mortgage debt for its acquisition a 328-unit multifamily property in Phoenix, AZ. 

LMC, a national leader in apartment development and management, today announced the start of preleasing at The Mitchell, a luxury mixed-use apartment community in central White Plains. 

Greystone, a leading national commercial real estate finance company, placed a total of $116,000,000 in bank financing to refinance a 383-unit senior housing property in Lincolnwood, Illinois. The transaction was originated by Cary Tremper and Matt Miller of Greystone, on behalf of SBLP Senior Living Fund I.

Chicago, IL – July 7, 2022 – American Street Capital (“ASC”) announced today that it has arranged a $3,938,000 cash-out refinance loan for a 32-unit multifamily building in Chicago’s Logan Square.

Greystone, a leading national commercial real estate finance company, has provided $20,661,000 in Fannie Mae Delegated Underwriting Services (DUS®) financing for two multifamily properties in Rexburg, Idaho. The transaction was originated by Lorie Hanson, Managing Director at Greystone.

Berkadia announces it has secured a $90 million loan to refinance the Divosta Towers, two newly built luxury office towers totaling approximately 217,000 square feet in Palm Beach Gardens, Florida. Senior Managing Director Charles Foschini, Managing Director Scott Wadler and Senior Analyst Robert Iudice of Berkadia Miami secured financing on behalf of the owner, Gatsby Enterprises. The property was in the final stage of its lease up when the refinance effort was launched, during which it achieved strong leasing velocity and was stabilized by closing. 

Greystone Provided $20 Million in Total Financing This Year with Two Transactions for Same Sponsor

Engrain, the market leader in interactive mapping and data visualization software for the built environment, today announced that LCP Media, a national visual media technology company, has integrated with SightMap to give property leasing teams a simple and automated way to create, manage and promote unit-level virtual tours within the TourBuilder platform. 

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