Finance

Bernard Financial Group closes $6.5 million loan for office building in Michigan

Bernard Financial Group arranged a $6.5 million permanent life insurance company loan for a 23,500-square-foot class-A+ office building in Birmingham, Michigan. The borrower is Chester…

Northmarq closes refinance of 406-unit apartment property in Wisconsin

Mark Ebersold, vice president in Northmarq’s Charlotte, North Carolina-based debt/equity office, negotiated the $28.15 million refinance of Village Green Apartments. The 406-unit multifamily property is…

Rate volatility triggers refi opportunities: Plenty of financial incentives to refinance ahead of maturity dates

On the heels of the long-anticipated Fed rate hike in mid-March – its first since 2018 –cost of capital is top-of-mind for real estate owners.

The near-term financing outlook? High demand, a need for speed and signs of life in even the most challenged of sectors

The commercial real estate market has displayed true resiliency throughout the COVID-19 pandemic. And that means that the commercial financing market? It’s done the same.

Emerald Capital Strategic Advisors closes $7 million in NMTC financing for hemp fiber processor in St. Louis market

Emerald Capital Strategic Advisors recently sourced and closed $7 million in New Markets Tax Credit financing for Tiger Fiber Inc., a commercialized industrial hemp fiber…

Bernard Financial Group closes $9.15 loan for 133-bed student-housing property in Ann Arbor

Bernard Financial Group arranged a $9.15 million permanent life insurance company loan for a 133-bed Class-A student-housing property in Ann Arbor, Michigan. The borrower is…

Greystone provides $12.35 million refinance loan for 68-unit apartment property in Michigan

Greystone has provided a $12.35 million Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance an existing 68-unit multifamily property in Marquette, Michigan. The…

Colliers Mortgage closes $11.1 million refinance loan for 104-unit apartment project in Minnesota

The Minneapolis office of Colliers Mortgage recently closed an $11.1 million HUD 223(a)(7) loan for the refinancing of Cedar Villas Townhomes, an existing 104-unit mixed-income…

Bellwether Enterprise closes $40 million affordable housing loan in Louisville market

Bellwether Enterprise Real Estate Capital LLC closed a $40 million direct bond purchase for the financing of Lone Oak Meadows, an upcoming affordable multifamily community at…

JLL Capital Markets closes $67 million refinance for 100-unit apartment complex in Minnesota

JLL Capital Markets has arranged a $67 million refinancing for Nolan Mains, a 100-unit, mixed-used, mid-rise apartment community in the 50th and France neighborhood of…

Finance

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