Finance

MinnesotaFinanceMultifamily

Grandbridge closes $35 million refinance loan for multifamily property near University of Minnesota

Grandbridge Real Estate Capital recently facilitated the closing of a $35.44 million refinance loan secured by The Arrow Apartments, a 199-unit multifamily/student housing community in…

Dougherty closes $3.7 million refinance loan for Iowa apartment property

Dougherty Mortgage recently closed a $3.7 million Fannie Mae loan for the refinancing of The Cottages of Pleasant Hill, a 60-unit market-rate multifamily housing property…

Salesforce Tower secures $500+ million construction loan

Construction on Salesforce Tower—the third phase of the development of Wolf Point in Chicago—was able to move ahead last month after Hines received construction financing…

OhioWisconsinFinanceMultifamily

Prescient Capital’s loan will help developer close construction on Cincinnati multifamily project

Prescient Capital recently closed a $1.75 million loan to help a borrower wrap construction of a multifamily property near Cincinnati. The loan was secured by…

MidwestFinanceMultifamily

Walker & Dunlop closes largest transaction in company’s history

Walker & Dunlop recently closed the largest transaction in the company's history, a $2.4 billion Fannie Mae Credit Facility to refinance 67 multifamily propertes. The…

OhioFinance

Greystone provides $6.5 million loan for refinance of apartment project in Ohio

Greystone provided a $6.534 million Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 100-unit multifamily property in Marion County, Ohio. The transaction…

MinnesotaFinance

NorthMarq names new COO

Travis Krueger, formerly chief administrative officer, has been promoted to the role of chief operating officer of Minneapolis-based NorthMarq effective May 1. He succeeds Mike…

Bellwether Enterprise provides $28.8M acquisition loan for affordable housing property in Elmhurst

Bellwether Enterprise Real Estate Capital provided a $28.8 million Freddie Mac loan for the acquisition, rehabilitation and preservation of Elmhurst Terrace, a 315-unit affordable housing…

Well known Chicago mortgage banker, Al Hanna, passes away

Chicago mortgage banker, Albert C. Hanna, passed away on April 16, 2020. He was 89. Hanna founded Mid-North Financial Services, Inc. in 1982, serving as…

MidwestFinanceMultifamily

Fifth Third Bank, Bellwether Enterprise form new strategic relationship

Fifth Third Bank and Bellwether Enterprise Real Estate Capital have formed a new strategic relationship designed to expand opportunities in the multifamily housing industry and…