Finance

Ariel Property Advisors closes $5.14 million refinance for Ohio shopping center

Ariel Property Advisors arranged a $5.148 million non-recourse cash-out refinance for a retail shopping center in Eastlake, Ohio. The five-year, fixed-rate loan included a 25-year…

JLL Capital Markets provides more than $18 million in financing for 358-unit apartment complex in Indiana

JLL Capital Markets has arranged the $18.239 million acquisition financing for Cambridge Estates, a 358-unit, garden-style affordable apartment community in Lafayette, Indiana. About 41% of the…

Commercial Real Estate Hall of Fame: Ashley Capital’s Susan Harvey

Each year, Midwest Real Estate News inducts a new class into its Commercial Real Estate Hall of Fame. Here is a look at the busy…

Detroit’s District Capital closes 10-year refinance loan for mixed-use building

Mike Lemon with Detroit's District Capital closed a 10-year, fixed-rate loan with a life insurance copany for the refinance of a mixed-use building featuring multifamily…

Merchant Bank of Indiana hires senior business development officer

Merchants Bank of Indiana hired Brian Konwar as a senior business development officer in the Small Business Administration Lending division. He will join the Merchants team…

Inflation still an issue but rising slower in Chicago, according to WalletHub

Inflation has been a hot topic in the past six months. While there’s no doubt that rates are still sky-high across the U.S., it’s rising…

KeyBank Real Estate Capital closes $50 million loan for multifamily property in Cleveland

KeyBank Real Estate Capital secured a $50 million fixed-rate loan through Freddie Mac for Playhouse Square to refinance a multifamily property in Cleveland, Ohio. The…

Nothing normal about today’s market: Higher rates put brakes on multifamily finance requests

A normal market? Finance experts say that today’s multifamily market is far from one of those.

Bellwether closes more than $40 million in financing for affordable and seniors housing

Bellwether Enterprise Real Estate Capital LLC recently closed five loan deals totaling more than $40 million to refinance and preserve two affordable housing complexes in Mt.…

Northmarq secures financing for 49-unit housing development in Minnesota

Northmarq has secured both the equity and construction financing for One West Drive, a 49-unit market-rate rental housing development in the heart of Excelsior, Minnesota.…

Finance

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