Finance

CBRE provides $2.31 million refinance loan for Battle Creek apartment property

CBRE has structured a $2.31 million loan to refinance the Hidden Lane Apartments in Battle Creek, Michigan. A Freddie Mac Small Balance Loan was obtained…

Berkadia closes $15 million loan for 100-unit apartment community in Grand Rapids

Berkadia today originated a $15.1 million loan with Fannie Mae secured for Lofts on Alabama, a Class-A apartment community in Grand Rapids, Michigan’s West Side…

Bridgewater Bank: Optimistic that Paycheck Protection Program will continue to help once funding restored

Bridgewater Bank has helped more than 590 small businesses in the Twin Cities receive a PPP loan.

Hunt Real Estate Capital closes $27 million loan for acquisition of Chattanooga apartment complex

Hunt Real Estate Capital provided a first mortgage bridge loan in the amount of $27.35 million to finance the acquisition and renovation of a multifamily…

Lodge Financial arranges $1.3 million acquisition loan

Lodge Financial facilitated $1,305,000 in financing for an out-of-state buyer to purchase a multifamily property in Chicago’s South Shore neighborhood. According to Lodge Financial’s Matt…

Hunt Real Estate Capital closes $6.4 million loan for apartment acquisition in Michigan

Hunt Real Estate Capital provided a Freddie Mac Small Balance Loan of $6.4 million to finance the acquisition of a multifamily property in Clarkston, Michigan.…

District Capital closes $2.4 million for retail property in Michigan

District Capital of Detroit is still closing loans during the COVID-19 crisis. The company recently secured a 25-year term, 25-year amortization loan on a multi-tenant…

Grandbridge adds senior loan originator in Columbus office

Kenneth Bowen has joined Grandbridge Real Estate Capital's Columbus, Ohio, commercial mortgage loan origination team. Bowen is based in the company’s 150 East Broad St.…

NorthMarq closes $18.5 million loan for Omaha office property

Bob Chalupa, senior vice president of NorthMarq’s Omaha office, secured refinancing of $18.5 million for West Dodge Hills, an office property in Omaha, Nebraska. The…

Walkin’ around money: Finding financing during an era of shelter in place

There was SARS starting in 2002, H1N1 in 2009 and Ebola in 2014. Though these outbreaks all landed on U.S. shores to one degree or…

Finance

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