Finance

CEDARst Companies provides $44 million for refinance of 260-apartment property in Chicago

CEDARst Companies has refinanced the Duncan Apartments at 1515 W. Monroe St. in Chicago with a $44 million CMBS loan from Citigroup arranged by Berkadia. …

National New Markets Fund invests $17.5 million in Minnesota-based creamery

National New Markets Fund, LLC, an affiliate of Los Angeles-based SDS Capital Group, has invested $17.5 million of its New Markets Tax Credit allocation into…

Bernard Financial Group provides $4.2 million in financing for Sterling Heights apartment building

Bernard Financial Group arranged a $4.2 million permanent life insurance company loan for a 231-unit multifamily property in Sterling Heights, Michigan. The borrower is One…

Greystone provides $25 million refinance loan for apartment property in Valparaiso

Greystone has provided a $25.239 million Freddie Mac Optigo® loan to refinance a 240-unit multifamily property in Valparaiso, Indiana. The financing was originated by Dan…

Merchants Capital provides more than $103 million for rehab of Chicago Woodlawn apartment complex

The Chicago office of financial services provider Merchants Capital provided more than $54 million of debt and $49 million in Low-Income Housing Tax Credit (LIHTC) equity financing…

Bernard Financial Group closes $7.8 million loan for grocery-anchored shopping center in Downers Grove

Bernard Financial Group arranged a $7.8 million permanent life insurance company acquisition loan for a 124,005-square-foot grocery-anchored retail shopping center in Downers Grove, Illinois. The…

Northmarq closes $39.9 million refinance for 250-unit apartment development in Maple Grove

Northmarq’s Minneapolis Debt + Equity team of Andy Finn, managing director, and Dan Trebil, executive vice president and regional managing director, has arranged the $39.995…

How to prepare your business for an uncertain real estate market

If there’s one common theme that resonates across the real estate market from property owners and investors to developers and asset managers, it’s uncertainty.

Built Technologies survey: Commercial lenders confident that 2024 will be a better year

A new survey suggests that commercial lenders expect a busier year in 2024, thanks largely to a more stable interest-rate environment.

BWE expands Tennessee footprint with acquisition of First Southern Mortgage

BWE, a national commercial and multifamily mortgage banking company, expanded its footprint in Tennessee with the acquisition of First Southern Mortgage, a full service commercial…

Finance

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