Detroit’s District Capital closes $20 million bridge loan for apartment complex
Detroit-based District Capital Detroit recently closed a $20.5 million short-term acquisition bridge loan for an apartment project.
Finance
Mag Mile Capital closes $4.3 million loan for Indiana mobile home parks
Mag Mile Capital executive vice president Rob Bernstein and senior vice president Matt Weilgus, based out of the Westport, Connecticut, office have completed a $4.3…
Luxury seniors housing community planned for Chicago’s North Shore
JLL Capital Markets has arranged construction debt and joint venture equity for the development of Trulee Evanston, a 163-unit luxury seniors housing property in Evanston,…
Bellwether’s Doyle: Multifamily demand soaring, even in busiest markets
The multifamily sector continues to thrive, with demand for new apartment developments soaring across the Midwest. Jim Doyle understands this. He’s executive vice president in…
District Capital Detroit provides $25 million loan for Detroit industrial
District Capital Detroit closed an acqusition loan for a more than 1-million-square-foot industrial property in Detroit.
NorthMarq closes $19 million refinance of Lincoln multifamily property
John Reed, managing director, and Bob Chalupa, senior vice president of NorthMarq’s Omaha office, arranged the $19.29 million refinance of Wilderness Hills Flats. The 168-unit…
Cresset Partners and Diversified Real Estate Capital close first QOZ fund, launch Fund II
Cresset and Diversified Real Estate Capital have closed their first Qualified Opportunity Zone (QOZ) fund, the Cresset-Diversified QOZ Fund (Fund I), after raising the $465…
Chicago’s largest mixed-use Opportunity Zone project secures financing
Construction is underway for phase one at Ogden Commons, a $200 million mixed-use project in Chicago’s North Lawndale neighborhood being developed in a public-private partnership…
JLL Capital Markets closes $12 million refinancing for Minneapolis hotel
JLL Capital Markets has arranged a $12.3 million refinancing for Moxy Minneapolis Uptown, a 125-room Marriott-branded boutique hotel in the Uptown submarket of Minneapolis.
Minnesota’s Bridgewater Bank adds SVP of professional services
Bloomington, Minnesota-based Bridgewater Bank has added John Uremovich to its team as senior vice president of professional services and private banking.