Finance

District Capital Detroit closes $150 million Fannie Mae credit facility

District Capital Detroit recently closed an eight-property $150 million Fannie Mae credit facility. This facility allowed the borrower to tap into trapped equity using an…

Minneapolis’ Knutson Construction adds CFO

Jennifer Green has joined Minneapolis-based Knutson Construction as its chief financial officer. Green will be based out Knutson's Minneapolis office while working with the team…

Indiana’s Merchants Capital adds three to equity team

Carmel, Indiana-based multifamily housing financier Merchants Capital made three new senior hires to the tax credit equity team: Josh Reed, Jillian Flynn and Lindsey Davitt.…

Proper Title announces new CEO, plans for national expansion

Proper Title, LLC, one of Illinois’ largest title insurance agencies, announced today that Judd D. Hoffman has been hired as chief executive officer. Hoffman has been a…

Keeping the dollars flowing: Commercial lenders still providing much-needed financing even during challenging times

Like all commercial real estate professionals, those working in commercial financing have had to adjust the way they do business during the last 12-plus months.…

Grandbridge Real Estate Capital provides financing for 192-unit apartment development in Minnesota

Grandbridge Real Estate Capital recently closed on the permanent acquisition loan of a 192-unit apartment property in Minnetonka, Minnesota. The non-recourse loan featured a fixed…

Preservation of Affordable Housing to tackle $30 million of renovations at 745-unit apartment project in Missouri

Preservation of Affordable Housing (POAH), a non-profit owner and developer of affordable housing, has closed on the financing to renovate the 745 apartments at Hawthorne…

Bernard Financial Group closes $2.7 million loan for five industrial properties in Detroit

Bernard Financial Group has closed a $2.7 million life company loan for five industrial properties totaling 73,731 square feet in the Detroit area. Kelly Commerce…

Bellwether brokers $28.9 million loan for construction of senior community in Fort Worth

Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, Inc., has announced the closing of a $28,905,000 loan…

Inbank Bank and Trust adds VP of commercial lending

Inland Bank and Trust has announced the appointment of Joe Rubinas as vice president of commercial real estate lending. Mr. Rubinas brings 20 years of…

Finance

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