Minneapolis’ Dougherty closes first loan under new HUD program
Dougherty Mortgage is the first mortgage banker nationwide to close a project under HUD's new 221(d)(4) LIHTC pilot program with a $14.8 million loan for…
Finance
Lodge Financial closes $12.5 million in financing for Chicago deconversion
Lodge Financial successfully secured long term financing on a 64-unit condo deconversion with 64 different sellers. The $12,500,000 purchase price was supported by a loan…
JLL arranges $61M financing for new Hyatt House hotel in Chicago
JLL arranged a $61 million refinancing for Hyatt House Fulton Market, a 200-room, newly constructed hotel in Chicago's Fulton Market District. JLL worked on behalf…
Mesa West Capital originates $32M acquisition loan for Lockport industrial property
Mesa West Capital has provided the joint venture of High Street Realty Company and Angelo Gordon with $32.1 million in short-term, first mortgage debt for…
Bernard Financial closes $7 million loan for multifamily property in Michigan
Bernard Financial Group closed a $7 million CMBS loan for a 328-unit multifamily property in Roseville, Michigan.
State Bank provides $6.6 million in financing for high-tech projects in Michigan
State Bank provided $6.6 million in financing for the construction of two high-tech/research and development buildings in Novi, Michigan.
Slowdown in multifamily market? It’s not here yet
Chuck Patenaude, senior vice president in charge of production with Minneapolis-based Dougherty Mortgage, remembers when he graduated from college: The goal was always to buy…
JLL arranges nearly $30M in financing for Oak Brook office property
JLL arranged a $29.8 million financing for 2001 York Road, a 184,525-square-foot office asset in Oak Brook, Illinois. JLL worked on behalf of the borrower,…
Lodge Financial closes loan for Crystal Lake storage facility
Lodge Financial recently closed on a $7,900,000 construction loan. The financing will go toward a 934-unit self-storage facility in Crystal Lake, Illinois.
NorthMarq closes $2 million refinance of Best Buy property in Kentucky
Susan Branscome, senior vice president/managing director of NorthMarq's Cincinnati-based regional office, secured the $2 million refinance of a 20,000-square-foot Best Buy property at 2050 N.…