NorthMarq provides $4 million loan for Omaha apartment property
Josh Larsen of NorthMarq's Omaha regional office negotiated the $4.025 million refinance of New Keystone Apartments in Omaha, Nebraska.
Finance
Financing the new kids on the block: Co-living, cannabis and workforce housing
As 2019 draws to a close, investor interest is growing in several emerging assets, including co-living, workforce housing and cannabis tenants. Matt Wurtzebach, senior vice…
ASC arranges $13.6 million for Chicago South Side multifamily portfolio
American Street Capital (ASC) has arranged $13.62 million in permanent debt for a twenty-building multifamily portfolio located in Chicago. The portfolio, consisting of 214 units…
Petros Pace closes $8 million loan for KC Hyatt House energy measures
Petros PACE Finance, LLC has closed an $8 million Commercial Property Assessed Clean Energy (C-PACE) transaction with Pedersen Development Company, a Colorado-based developer, to finance…
Mag Mile Capital completes $12.5M bank loan for R&R Global Partners
Mag Mile Capital closed a $12,500,000, seven-year, fixed-rate, 73 percent LTV, limited-recourse loan on behalf of Bryan Rishforth and Philadelphia-based firm, R&R Global Partners. Located…
IECA closes Illinois’ first Commercial PACE financing deal
The Illinois Energy Conservation Authority NFP (IECA) closed the first commercial Property Assessed Clean Energy (C-PACE) financing deal in Illinois on August 30, 2019, totaling…
Bernard Financial closes $2.25 million in financing for Michigan apartments
Bernard Financial Group has arranged a $2.25 million life company loan for a 192-unit multifamily property in Ypsilanti, Michigan.
Academy Bank merges with Missouri’s KCB Bank
Academy Bank, a full-service community bank and wholly owned subsidiary of Dickinson Financial Corp., completed its merger with Kearney, Missouri-based KCB Bank.
Minneapolis’ NorthMarq names new CEO
As Minneapolis-based NorthMarq continues its growth as the largest privately held commercial real estate capital markets firm, president Jeffrey Weidell will become chief executive officer…
Berkadia provides $23 million of financing for Madison apartment development
Berkadia provided $23.2 million in permanent financing for The Tuscany on Pleasant View, a multifamily property in Madison, Wisconsin. Senior director Paul Matusiak of Berkadia's…