Finance

Colliers Mortgage closes pair of loans for age-restricted communities in Minnesota

The Minneapolis office of Colliers Mortgage, part of Colliers International, has provided two HUD 223(a)(7) loans totaling more than $7.304 million for the refinancing of…

Berkadia closes $20 million loan for Kansas City apartment development

Berkadia closed $20.5 million in financing for Summit Crossing Phase II, a townhome-style multifamily property in Kansas City, Missouri. Managing Director John Schorgl of Berkadia’s…

Indiana’s Merchants Bank hires VP, senior business development officer

Carmel, Indiana-based Merchants Bank of Indiana recently hired Tony Boddie as vice president and senior business development officer for Small Business Administration Lending. Currently, Boddie…

Alliant Credit Union closes $39M worth of multifamily loans

Alliant Credit Union recently closed on two multifamily loans in Texas, one for the acquisition of an apartment community and the other for the refinance…

Bernard Financial closes $14 million loan for office buildings in Ohio

Bernard Financial Group has arranged a $14.3 million life company loan for two class-A multi-tenant office buildings in Dublin, Ohio. The two buildings total 209,799…

Grandbridge closes $8.9 million worth of loans in St. Cloud area

Grandbridge Real Estate Capital recently closed $3.8 million and $5.1 million first mortgage loans secured by two multifamily properties in the St. Cloud, Minnesota, MSA.…

With $41M in financing secured, Newcastle Limited breaks ground on Gold Coast development

Newcastle Limited secured $41.3 million in construction financing to support development of the firm's mixed-use project at 1210 N. State Parkway in Chicago's Gold Coast…

Brit Properties refinances several industrial assets

Union National Bank has refinanced a portfolio of industrial buildings owned by Rosemont-based real estate syndicator, Brit Properties. The assets located in the Chicago city…

Lodge Financial capitalizes purchase of Huntley self-storage facility

Lodge Financial has secured purchase financing for a 594-unit self-storage facility in Huntley, Illinois. The recently built property is currently in a lease up period…

Red Oak Financial provides $5 million loan for apartment purchase in Kansas

Red Oak Financial funded a $5.459 million fixed-rate bridge loan for the purchase of Deer Creek Apartments, a 111-unit multifamily complex in Topeka, Kansas. The…

Finance

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