John Hancock Real Estate Finance Group has provided a $73 million loan on the 398-unit Vermella Harrison housing community in the northern New Jersey city of Harrison. The lender provided the 10-year fixed-rate loan to Russo Development.
JLL Capital Markets has provided a $42.5 million agency loan on a 314-unit Millennium Six Pines multifamily in the Woodlands, Texas community north of downtown Houston.
Lenders and developers fueled a record amount of new student housing supply in the US, but the drop in student enrollment should be a cause for concern Student housing has seen a record amount of new supply enter the market each fall for several years now, much of which is considered class A product, according […]
LoanCore Capital has provided a $60 million financing to APF Properties on a 131,358 sq ft mixed-use building near Grand Central Station in Midtown, Manhattan.
Nationwide Life Insurance Company and KeyBank have provided a total of $97.7 million in acquisition loans to Preferred Apartment Communities on several grocery anchored shopping centers across the US.
As VP, senior mortgage banker, Ritter will take responsibility for providing permanent loans on multifamily assets through Fannie Mae, Freddie Mac, life companies and CMBS and expand KeyBank’s Southeastern client base.
Pine River Capital Management has provided a $120.5 million bridge financing on a three-property portfolio on five office buildings in Texas and Virginia.
Manufacturers and Traders Trust Company (M&T Bank) has provided a $49.34 million loan to Alloy Development Holdings on a 130,000 sq ft residential condo development in the Dumbo neighborhood of Brooklyn.
Natixis has provided a total of $57.5 million on two properties in Washington State and Florida.
Pbb Deutsche Pfandbriefbank has provided a total of €120 million ($133.8 million) in loans on the acquisition of ten properties in Western Germany. The lender provided the loans to affiliates of the Catalyst Capital European Property Fund II that purchased the portfolio from TRIUVA (formerly IVG Institutional Funds) and a large German public sector pension scheme.