Finance

KeyBank provides $33.7 million of financing for affordable housing in Cleveland

KeyBank Community Development Lending and Investment (CDLI) provided a $12 million construction loan and invested $16.1 million in Low Income Housing Tax Credit (LIHTC) equity…

Merchants Bank names new originator in Oak Brook office

Merchants Bank hired Dylan Kramer as a Mortgage Loan Originator for Merchants Mortgage, a division of Merchants Bank. Kramer joins a growing lending team that operates out…

Cleveland’s KeyBank Real Estate Capital expands affordable housing platform

Cleveland-based KeyBank Real Estate Capital expanded its affordable housing platform with the appointments of Shana Daby and Brian Zhao. Daby joined Key’s Commercial Mortgage Group…

Greystone closes $58.6 million refinance for 427-unit multifamily property in Elk Grove Village

Greystone provided a $58.6 million Freddie Mac Workforce Preservation program loan to refinance a 427-unit multifamily property in Elk Grove Village, Illinois. The financing was…

KeyBank Community Development provides $50 million in loans for future seniors, family housing in Detroit

KeyBank Community Development Lending and Investment (CDLI) provided $43.6 million in construction loans and arranged $7.6 million in permanent loans for the acquisition and rehabilitation…

Commercial Real Estate Hall of Fame: Emprise Bank’s Debra Swearingen Lyles

Debra Swearingen Lyles has built a career defined by perseverance, leadership, and a steadfast commitment to her community. Joining Emprise Bank in August 2022 as…

Commercial Real Estate Hall of Fame: Marcus & Millichap’s Dean Giannakopoulos

With over 20 years of experience in commercial real estate finance, Dean Giannakopoulos has established himself as a trusted leader and influential figure in the…

Bernard Financial Group provides $1 million loan for 22-unit apartment property in Detroit

Bernard Financial Group arranged a $1 million permanent life insurance company loan for a 22-Unit multifamily property in Detroit. The borrower is Pilgrim Villa, LLC.…

Multifamily finance in a volatile market

In an era of extended volatility and disrupted economic norms, multifamily continues to hold its position as the top asset class for commercial real estate…

Cinnaire closes $340 million LIHTC fund, the largest in organization’s history

Cinnaire closed a $340 million Low-Income Housing Tax Credit (LIHTC) multi-investor fund (Fund 43)—the largest investment fund in the organization’s 32-year history. Designed to create…

Finance

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