Finance

Mortgage delinquency rates soared in 2020, but so did average borrower’s home equity

Last year was a very tough one for the American homeowner. According to a recently published report from financial analytics company CoreLogic, every state in…

KeyBank provides $13 million in financing for affordable housing in Cleveland

KeyBank secured $13 million of financing for The NRP Group, LLC, a real estate development and property management company based in Cleveland, to build an…

MGO adds two employees to new Chicago office

Professional services firm MGO LLP has added Marzee Devichand as senior manager and Danielle Faber as supervisor to its new Chicago office. Led by Directors…

Berkadia provides $19.9 million in refinancing funds for Missouri multifamily project

Berkadia secured the financing for Lakeview Crossing Townhomes, a garden-style multifamily property in Blue Springs, Missouri. The project finished construction in March of 2019. Senior…

Walker & Dunlop adds chief production officer for FHA loans

Dana Wade has joined Walker & Dunlop as chief production officer for all FHA-backed loan originations with the U.S. Department of Housing & Urban Development.…

Bernard Financial Group closes $1.75 million loan for Michigan apartment property

Bernard Financial Group closed a $1.75 million life company loan for a 120-unit multifamily property in Brighton, Michigan. The borrower is Lexington Manor Apartments Limited…

Mag Mile Capital hires VP of originations for Chicago office

Mag Mile Capital has hired Matt McClellan as associate vice president of originations for its Chicago office. In his role with Mag Mile, McClellan will…

NorthMarq provides $10.2 million in financing for two Ohio properties

Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office, secured acquisition financing of $10.2 million for two Governor’s Pointe Flex Buildings. The two properties…

Indiana’s Merchants Capital adds VP of multifamily loan originations

Carmel, Indiana-based Mortgage banking company Merchants Capital hired Tony Washington as vice president of multifamily loan originations. Washington has more than 25 years of experience…

Colliers Mortgage provides $18.2 million purchase loan for 98-unit apartment complex in Minnesota

The Minneapolis office of Colliers Mortgage recently closed an $18.2 million Fannie Mae loan for the acquisition financing of Crossroads at Elm Creek in Maple…

Finance

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