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.
Finance
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.…
Indiana’s Merchants Capital closed record-setting $8.95 billion in debt production last year
Carmel, Indiana-based financial services provider Merchants Capital closed a record $8.95 billion in debt production in 2022, surpassing the previous record of $7 billion set…
Your best option to finance your Seniors Housing Community today? The answer might surprise you!
A client recently asked us, “Why would I want to finance my seniors housing community today and lock a high rate for the next 35…
Bernard Financial Group provides bridge loan for Detroit-area office property
Bernard Financial Group closed an office and research-and-development acquisition bridge loan for a property in Auburn Hills, Michigan. Dennis Bernard and Joshua Bernard originated the…
Alliant Credit Union achieves record loans sales in 2022
Alliant Credit Union announced that its loan trading desk sold $470 million in commercial and consumer loan participations in 2022 in 25 transactions, up 74% from…
President of Chicago’s CIBC US Commercial RE Group taking on new leadership role
Karen Case, president of Chicago-based CIBC US Commercial Real Estate Banking, is taking on a new role as vice chair of CIBC Bank USA, supporting…
Lument closes $7.7 million loan for acquisitino of 92-unit apartment building in Detroit
Lument closed a $7.7 million Fannie Mae loan to facilitate the acquisition of Central Park Apartments, a 92-unit garden-style apartment community about a mile east…
A macro perspective of CRE finance with Marquette Bank
Finance is the hot topic industry-wide, and now more than ever, it's important to understand the economic macro picture.