Finance

Pembrook provides $17 million for acquisition of six apartments in Ohio

Pembrook Capital Management LLC is providing a $17.7 million loan for the acquisition and renovation of a value-add multifamily portfolio made up of six buildings…

CEDARst Companies refinances $81.7M multifamily deal

CEDARst Companies has refinanced the Draper, located at 5050 N. Broadway Avenue, with an $81,720,000 Fannie Mae loan, arranged by PGIM Real Estate. The Chicago-based…

Logistics Property Co. closes $1B develop-to-core industrial real estate fund

Logistics Property Company (LPC) announced the successful closing of its develop-to-core fund, LPC Logistics Venture One, LP, with total equity commitments of $1 billion from…

Bellwether Enterprise Real Estate Capital names new president

DJ Effler has been promoted to president of Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment…

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…

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…

Finance

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