Finance

ASC secures $6.6 million for multifamily refi in Naperville

American Street Capital (ASC) has secured a $6.6 million cash-out refinance loan for a 60-unit multifamily building in Naperville, Illinois. Built in 1986, the three-story…

Greystone provides $30.8 million loan to refinance affordable housing in Minnesota

Greystone provided a $30.821 million Freddie Mac Forward Tax-Exempt Loan to help finance the addition of 172 units to an existing affordable housing property in…

Bank Leumi USA names Jerry Lumpkins Chicago commercial real estate lead

Bank Leumi USA has appointed Jerry Lumpkins commercial real estate lead for Chicago. In this role, Lumpkins will focus on commercial investment real estate transactions,…

St. Louis’ Midwest BankCentre names new member of Women Connect advisory board

Amy Nash, director of operations at Nash Properties, LLC, has been elected to the Women Connect advisory board of St. Louis-based Midwest BankCentre. Nash leads…

Berkadia provides $16 million in financing for Indianapolis apartment development

Berkadia secured $16.6 million in financing for River House, a mid-rise multifamily property in Indianapolis. Senior directors Michael Zaremski and Michael Shmuely of Berkadia’s New…

Lodge Financial secures financing for Des Plaines multifamily property

Lodge Financial recently organized a $2 million acquisition loan for 1385 Brown Street in Des Plaines, Illinois. Matt Bowker, a founding partner and principal of…

Bernard Financial closes $2.29 million loan for multifamily property in Michigan

Bernard Financial Group closed a $2.29 million life company loan for a 58-unit multifamily property in New Baltimore, Michigan. The borrower is Erie Investments No.…

Merchants Capital hires former senior director at Freddie Mac

Mortgage banking company Merchants Capital has hired Dwayne George as Executive Vice President, National Head of Production. With 15 years of diverse multifamily production and…

Greystone provides $10.5 million refi loan for Minnesota affordable housing project

Greystone has provided a $10.5 million Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance an affordable housing property in Mankato, Minnesota. The transaction…

ASC arranges $4.95 million for acquisition of multifamily property in Chicago

American Street Capital (ASC) has secured a $4.95 million permanent acquisition loan for an 85-unit multifamily building located in Chicago’s Marquette Park neighborhood. Encompassing an…

Finance

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