Finance

Lodge Financial capitalizes purchase of Huntley self-storage facility

Lodge Financial has secured purchase financing for a 594-unit self-storage facility in Huntley, Illinois. The recently built property is currently in a lease up period…

Red Oak Financial provides $5 million loan for apartment purchase in Kansas

Red Oak Financial funded a $5.459 million fixed-rate bridge loan for the purchase of Deer Creek Apartments, a 111-unit multifamily complex in Topeka, Kansas. The…

Greystone Bel closes sale of six-property apartment portfolio in Detroit

Greystone Bel recently closed the sale of the Whitmore Apartments Portfolio, a six-property multifamily portfolio totaling 223 units in the Palmer Park district of Detroit,…

Raymond Zanca joins Black Bear Capital Partners in Chicago, arranges $16M bridge loan

Black Bear Capital Partners (BBCP), a real estate financial advisory firm and affiliate of Black Bear Asset Management (BBAM), has expanded its Chicago office with…

KeyBank provides $31 million of financing for Columbus seniors housing provider

KeyBank Real Estate Capital and KeyBanc Capital Markets secured $31 million of financing for Columbus, Ohio-based National Church Residences, the nation’s largest not-for-profit provider of…

Mesirow Institutional Real Estate Direct promotes Ben Blakney to president

Mesirow Institutional Real Estate Direct (IRED) has elevated Ben Blakney to president, effective November 1, 2020. Based in Chicago, Blakney has held numerous senior positions…

Financing secured for Los Altos Trinity Green in burgeoning West Dallas

JLL Capital Markets has arranged acquisition financing for Los Altos Trinity Green, formerly known as Alta Trinity Green, a Class A, 324-unit multi-housing property in…

NorthMarq closes $13 million refinance of 490-unit apartment complex in St. Louis

Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office, worked with David Garfinkel, senior vice president/managing director in NorthMarq’s St. Louis office, to secure…

Colliers Mortgage closes refi loan for 80-unit apartment property in Minneapolis

The Minneapolis office of Colliers Mortgage, part of Colliers International|U.S., recently closed a Fannie Mae loan for the refinancing of Good Dwelling, an 80-unit market…

Associated Bank provides $9.4M equity investment to preserve affordable housing in Uptown neighborhood of Chicago

Associated Bank provided an equity investment totaling $9,450,000 of Low-Income Housing Tax Credit (LIHTC) and Federal Historic Tax Credit (HTC) for the rehabilitation of two…

Finance

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