Finance

Bernard Financial closes $1.25 million apartment loan in Tennessee

Bernard Financial Group has arranged a $1.25 million life company loan for a 34-unit multifamily property in Carthage, Tennessee. The borrower is Cumberland Apartments LLC.…

Creative financing and a bold vision: Foster Financial makes big play in downtown Detroit with 211 Tower purchase

Dan Gilbert, owner of Bedrock and founder of Quicken Loans, has long been the dominant investor leading the resurgence of downtown Detroit. This doesn't mean,…

Why you may need to think beyond traditional deal partners for multifamily financing

In a year of immense uncertainty and volatility, the multifamily sector has remained one bright spot for commercial real estate investors. Multifamily property fundamentals have…

Cushman & Wakefield secures $55.8M in financing for Investcorp, Brennan industrial portfolio acquisition

Cushman & Wakefield represented Investcorp International Realty, Inc. and Brennan Investment Group in securing $55.8 million in acquisition financing from CIBC for the Regent O’Hare…

Associated Bank closes $29 million loan for senior living community in Minnesota

Associated Bank closed a $29 million construction loan to United Properties for the development of a 133-unit senior living community in Bloomington, Minnesota. The project…

DFW-area multifamily project, Millennium at Hometown, secures $49M refi

JLL Capital Markets arranged a $49.1 million refinancing for the Millennium at Hometown, a to-be-completed, Class-A, multi-housing project comprising 306 apartments and 11,697 square feet…

A trap for the unwary in the CARES Act ‘retail glitch’ fix

When the CARES Act provided a technical correction for the so-called “retail glitch” in the Tax Cuts and Jobs Act, it also created a trap…

Suburban Chicago grocery-anchored retail center secures over $15 million in financing

JLL Capital Markets has arranged $15.68 million in financing for Red Top Plaza, a 147,840-square-foot retail center in Libertyville, Illinois. JLL worked on behalf of…

JLL secures $100M+ in capital for Fulton Market development

JLL Capital Markets has capitalized the development of a 278-unit, fully-amenitized apartment tower at 1400 Randolph Street in Chicago’s vibrant West Loop neighborhood and booming…

NorthMarq negotiates nearly $25M in acquisition financing for San Antonio rental property

NorthMarq arranged acquisition financing of $24.6 million for The Park on Wurzbach, a 264-unit multifamily property located at 4707 Wurzbach Road in San Antonio. NorthMarq…

Finance

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