BWE originates $31.8 million refinance loan for Fairlawn shopping center
BWE secured a $31.8 million loan to refinance and fund the long-term business plan of Market Square at Montrose, a Home Depot-anchored shopping center in…
Finance
Berkadia provides financing for Naperville medical office building
Berkadia provided the financing for the iMed Naperville Medical Office Building, a property in Naperville, Illinois. Director Patrick Abeln of Berkadia Medical & Life Sciences…
Bayview PACE provides $4.3 million of C-PACE funds for 81-unit seniors community near Detroit
Bayview PACE provided $4.3 million in C-PACE financing for the 81-unit Hampton Manor-Taylor senior housing community in Taylor, Michigan, just outside Detroit. The project sponsor…
A big relief? Fed cuts benchmark interest rate for first time in four years
For the first time since March of 2020, the Federal Reserve Board cut its benchmark interest rate today. And the Fed enacted a cut that…
Marquette Bank adds VP of commercial banking to Orland Park office
Marquette Bank added Richard Nichols to its Orland Park, Illinois, office as Vice President of Commercial Banking. Nichols brings nearly 25 years of commercial business…
American Street Capital closes $10.5 million loan for flex property in Fulton Market
American Street Capital arranged $10.575 million in loan financing for a predominantly office flex investment property in the Fulton Market neighborhood of Chicago. ASC worked…
Bernard Financial Group provides $3.8 million loan for Detroit multifamily property
Bernard Financial Group arranged a $3.8 million permanent life insurance company loan for a 142-unit multifamily property in Detroit. The borrower is Citywide Owner LLC.…
BridgeInvest provides $55.5 million loan for acquisition, renovation of Houston’s Park on Voss
.BridgeInvest provided a $55.5 million loan to support the acquisition and renovation of Park on Voss, a multifamily property in Houston, Texas, on behalf of…
Byline Bank provides $14 million in financing for construction of 257,000-square-foot industrial building in San Antonio
Byline Bank’s Commercial Real Estate Group has closed on $14 million in financing for the construction of a 257,000-sq-ft industrial building in San Antonio, Texas.…
Grand Rapids’ Old National Bank adds SVP
Grand Rapids, Michigan-based Old National Bank has added Timothy Martin as corporate banking relationship manager and senior vice president for the West Michigan Expansion Market.…