Nick Jans joins Red Oak Team in Texas regional role
Red Oak Financial, a Michigan-based commercial real estate finance company, added Nicolas “Nick” Jans to the firm’s growing team. He was named regional manager and…
Finance
Opportunity Zone tax questions? IRS releases extended guidance on qualified opportunity fund relief
In Notice 2021-10, the IRS released extended guidance and relief for various opportunity zone requirements during the COVID-19 pandemic.
REEP Equity gets financing for Chartwell Court, plans to renovate
JLL’s capital markets team arranged acquisition financing for Chartwell Court, a multi-housing property located in Houston. JLL worked on behalf of the borrower, REEP Equity,…
Trez Capital closes loan for new multifamily development in Arlington
Trez Capital announced the funding of a $8.7 million acquisition and development loan for Provident Realty Advisors’ new project, Debbie Lane Flats, a 331-unit multifamily…
Four-building distribution and manufacturing facility receives acquisition financing
JLL’s capital markets team has arranged $14.4 million in acquisition financing for a four-building, 649,361-square-foot manufacturing and distribution facility at 4040 Forest Lane in the…
Streeterville restaurant property sells to German real estate owner/developer
Aries Capital, LLC has closed a $3.4 million non-recourse loan for the acquisition of an 8,700-square-foot restaurant building at 164 E. Grand Avenue in Chicago’s…
Berkadia loans $39.1 million for apartment communities in Missouri, Illinois
Berkadia provided $39.1 million in combined HUD-insured financing for Covington Place Apartments and Cape Cod Village Apartments, market-rate, garden-style multifamily properties in Missouri and Illinois.…
Colliers Mortgage closes $11 million refi loan for seniors housing in Minnesota
The Minneapolis office of Colliers Mortgage, part of Colliers International|U.S., recently closed an $11 million HUD 223(a)(7) loan for the refinancing of Realife Cooperative of…
Merchants Capital Secures Financing to Construct 80-Unit Multifamily Development in Chicago Suburb River Grove
The Chicago office of Merchants Capital announced its first new construction/mini-perm loan through Merchants Bank of Indiana, Merchants Capital’s parent company. The multifamily property, River…
Colliers Mortgage provides acquisition financing for 74-unit apartment property in Minnesota
The Minneapolis office of Colliers Mortgage recently closed a Fannie Mae loan for the acquisition financing of Henley, a 74-unit market-rate multifamily apartment property in…