First Bank elevates Marcus Frye to SVP of CRE
First Bank Chicago, a Division of First Bank of Highland Park, has promoted Marcus Frye to the role of senior vice president – commercial real…
Finance
Berkadia Affordable expands mortgage banking team with top producer Tim Leonhard
Berkadia expanded its affordable housing platform with the addition of industry leader, Tim Leonhard. Leonhard joins Berkadia as senior managing director and brings over 22…
Maverick Commercial Mortgage closes $2.5M loan for Chicago multifamily portfolio
Maverick Commercial Mortgage has finalized a $2,500,000 first mortgage loan for a portfolio of multifamily properties located on the North and West Sides of Chicago.…
Maverick Commercial Mortgage hires Batman
Maverick Commercial Mortgage has expanded its team with the addition of Dylan Batman to analyst. In his new role, Batman will develop pro forma transaction…
Partners Capital launches Fund IV, seeks to raise $50 million
Partners Capital—the investment arm of NAI Partners—announced that it has launched Partners Investment Fund IV, the entity’s fourth commercial real estate investment vehicle. The Partners…
JLL Capital Markets secures equity investment for 246,000-square-foot office building in Minnesota
JLL Capital Markets announced today that it has secured a joint venture equity investment for One Southwest Crossing, a five-story, 246,293-square-foot office building in the Minneapolis-area…
Grandbridge provides first mortgage loan for 420,000-square-foot office park in Minnesota
Grandbridge Real Estate Capital recently closed a first mortgage loan secured by a six-building, 420,000-square-foot office park in Mendota Heights, Minnesota. Minneapolis-based Tony Carlson originated…
Another financial hit? Small business owners face tax pain thanks to IRS ruling on PPP loans
Small business owners already struggling because of the COVID-19 pandemic and state-ordered shutdowns or capacity restrictions now face another hurdle to surviving 2020: an unexpected…
Colliers Mortgage closes $14.6 million HUD loan for Beckley Townhomes in Dallas
The Minneapolis office of Colliers Mortgage, part of Colliers International, recently closed a $14.6 million loan for the refinancing of Beckley Townhomes, a 100-unit affordable…
$22.5M non-performing multi-housing loan sale hits the market in Houston
JLL’s capital markets team has been engaged to market the sale of a $22.5 million non-performing multi-housing loan secured by the first mortgage on a…