Finance

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…

Dougherty closes $6.5 million refinance loan for apartment property in Minnesota

Dougherty Mortgage recently closed a $6.5 million Fannie Mae loan for the refinancing of Long Lake Villas, a 59-unit multifamily affordable housing property in Stillwater,…

Brokers should view $2.2 trillion relief package as a client service opportunity

The $2.2 trillion relief package (CARES ACT) finalized last week is an opportunity for commercial real estate brokers and consultants to connect clients with banks…

NorthMarq provides $42.6 million in financing for repeat customer

David Garfinkel, senior vice president/managing director of NorthMarq’s St. Louis office, secured financing for three retail properties in Tacoma, Washington; St. Louis Park, Minnesota; and…

Dougherty closes $15 million loan for rehab of seniors housing in Minneapolis

Dougherty Mortgage recently closed a $15.9 million HUD 221(d)(4) loan for the rehabilitation of Trinity Apartments, a 120-unit affordable seniors housing property in Minneapolis.

Berkadia provides $117 million in financing for apartment projects in Cleveland

Berkadia secured nearly $117 million in combined financing for a pair of apartment projects in Cleveland.

Minnesota’s Bridgewater Bank names SVP of commercial lending

Jon Tollefson has joined Bloomington, Minnesota-based Bridgewater Bank as senior vice president of commercial real estate.

Finance

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