Finance

Bernard Financial closes $8.7 million loan for Michigan apartment community

Bernard Financial Group has arranged a $8.7 million Fannie Mae loan for a 194-unit multifamily property in Romeo, Michigan. The borrowing entity is Apple Valley…

Kerr Economic Development Corp. opens region’s first-ever business incubator

The Kerr Economic Development Corporation (EDC)announced today that its “KerrEDGE Entrepreneurial Center” is now open. The one-stop shop for current and prospective business owners offers support,…

Chicago non-profit lender changes its name

Determined to help all small businesses, Chicago Neighborhood Initiatives Micro Finance Group, a nonprofit Chicago lender, announced it is changing its name to Greenwood Archer…

Lument provides $50.4 million in acquisition financing for 436-unit apartment community near Indianapolis

Lument has closed a $50.4 million Freddie Mac loan to facilitate the acquisition of Gramercy Apartments, a 436-unit multifamily community in Carmel, Indiana, near Indianapolis.…

Minnesota Housing closes $1.4 million refinance for 35-unit apartment property in St. Paul

Minnesota Housing recently closed a $1.4 million refinance of BROWNstone on University Avenue in St. Paul, Minnesota. BROWNstone has 35 affordable units, as well as…

Parkview Financial provides $34 million bridge loan for refinance of Indiana shopping center

Parkview Financial has provided a $34 million bridge loan to Metropolis Lifestyle Center, LLC, an entity of Poag Shopping Centers, for the refinance and repositioning of…

JLL Capital Markets provides $21 million in financing for 178-unit apartment community in Wisconsin

JLL Capital Markets has arranged $21.25 million in acquisition financing for Six Points Apartments, a 178-unit, market-rate multi-housing community in downtown West Allis, Wisconsin. JLL…

NorthMarq provides $9 million in financing for Iowa multifamily property

Dan Trebil, senior vice president/managing director, and Bill Mork, vice president, of NorthMarq’s Minneapolis office secured acquisition financing of $9 million for Radford Place Apartments.…

NorthMarq closes $13.5 million in financing for Wisconsin apartment community

Brett Hood, managing director of NorthMarq’s Chicago-based regional office, secured $13.5 million in Freddie Mac debt to recapitalize Parkside Apartments, a 120-unit apartment community in…

Greystone provides $11.16 million for apartment property refinance in Minnesota

Greystone has provided $11.16 million in HUD 223(f) financing to refinance a 93-unit multifamily property in Moorhead, Minnesota. The transaction was originated by Dan Sacks…

Finance

Subscribe