Finance

Mixed-use TOD in Chicago’s Grand Boulevard neighborhood gets financing

Chicago-based The Habitat Company has cleared a key hurdle in financing the first phase of 43 Green, a $35 million mixed-income, mixed-use transit-oriented development (TOD)…

Arbor provides more than $13 million in apartment financing in Wichita

Arbor Realty Trust, Inc. provided the funding for three Fannie Mae loans totaling $13.7M in Wichita, Kansas. Kingston Cove Apartments received $8.9 million in acquisition…

MinnesotaFinanceMultifamily

Dougherty Mortgage closes $6 million loan for Minnesota apartment complex

Dougherty Mortgage recently closed a $6.1 million Fannie Mae loan for the refinancing of Green Acres, an 83-unit market-rate multifamily apartment property in Hermantown, Minnesota.…

Bridge-to-perm loans make a comeback, providing certainty in uncertain times

Tim Madigan Changing demographics and work concepts are disrupting today’s commercial real estate landscape, compounded by a global pandemic and uncertainty in the geopolitical and…

MichiganFinanceMultifamily

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…

MichiganFinanceMultifamily

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…

MidwestMinnesotaFinance

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.

TennesseeFinance

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…

MichiganFinanceMultifamily

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.…