Finance

How many deals will rising interest rates wipe away? CRE pros in wait-and-see mode

When the Federal Reserve last month raised interest rates by three-quarters of a percentage point, it ranked as the agency's most aggressive such hike since…

KeyBank provides $74 million loan for new affordable housing community in Columbus

KeyBank Community Development Lending and Investment is providing $74 million of financing to help Kittle Property Group, an Indianapolis-based multifamily housing developer and manager, develop…

Asymmetrical risks? How the CRE industry is reacting to the Fed’s inflation-fighting moves

Last week, the Fed did something that it had not done since 1994: It raised the fed funds rate by 75 basis points.

Colliers Mortgage closes $21 million construction loan for 128-unit apartment community in Minneapolis

The Minneapolis office of Colliers Mortgage closed a $21 million Fannie Mae Forward Conversion for the construction financing of Gateway Northeast, a 128-unit multifamily affordable…

Northmarq secures $199 million recapitalization of 14 multifamily properties

Brett Hood, managing director at Northmarq’s Chicago debt/equity office, secured the more than $199 million recapitalization of 14 multifamily properties in Iowa, Nebraska and South…

District Capital closes $4.3 million loan for Michigan mixed-use building

Justin Hollis with District Capital provided $4.3 million in financing for a mixed-use building in Birmingham, Michigan. The lender locked the interest rate at application…

Associated Bank provides $65 million construction loan for 403-unit luxury apartment building in Minnesota

Associated Bank closed the financing for a $65 million loan to McGough Development for construction of Carbon 31, a mixed-use, luxury apartment building that will…

Greystone provides $23.5 million in financing for seniors housing projects in Indiana, Arizona

Greystone placed a total of $23.5 million in bank financing to refinance two senior housing properties in Indiana and Arizona. The separate transactions were originated…

Byline Bank earns Wisconsin SBA lender award

Byline Bank ranked first in Wisconsin for SBA 7(a) loan dollar volume for the seventh year in a row. Byline was presented with a Wisconsin…

Grandbridge Real Estate Capital closes $6.2 million refinance for multifamily properties in Minneapolis market

Minneapolis-based senior vice president Tony Carlson and analyst William Perry with Grandbridge Real Estate Capital closed a $6.2 million permanent rate refinance loan secured by…

Finance

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