Finance
PACE Loan Group’s Golberstein: Higher rates caught many developers flat-footed this year
Who would argue that higher interest rates weren’t the biggest financial story this year? Certainly no one in the commercial real estate business.
Ryan acquires Texas-based tax-consulting firm Morrison & Head
Ryan, a global tax services and software provider, has announced the acquisition of Morrison & Head, a property tax consulting firm serving clients across Texas with…
Indiana’s Merchants Bank adds treasury management sales officer
Merchants Bank has hired Derek Elston as Treasury Management Sales Officer. He is based out of the bank's Carmel, Indiana, location. Prior to joining Merchants…
Merchants Capital closes $17.4 million in equity for affordable seniors property in Fort Wayne
Carmel, Indiana-based financial services provider Merchants Capital has secured $17.4 million in Low-Income Housing Tax Credit equity financing for the new construction of Reserve on…
Bernard Financial Group closes $35 million loan for mixed-use portfolio in Ann Arbor
Bernard Financial Group closed a $35.75 million CMBS loan for a 428,667-square-foot mixed-use portfolio in Ann Arbor, Michigan. The borrowing entity is Blackbird Ann Arbor…
District Capital provides $4 million of acquisition financing for Michigan mixed-use property
Mike Lemon with District Capital recently financed a $4 million mixed-use property acquisition in Clarkston, Michigan. The loan consists of a 10-year fixed rate locked…
Lument closes four refinances in Ohio, Indiana and Tennessee
Lument has closed four refinance loan transactions totaling $11.5 million for United Church Homes, a non-profit organization that has developed more than 2,700 residential units…
Expert perspectives: Investment outlook 2024
2023 stood out as a significant year for the sector, and while things are constantly changing, enthusiasm for what's in store remains undiminished. Recently, we turned…