finance

Bernard Financial Group closes $5.3 million loan for Toledo apartment property

Bernard Financial Group has arranged a $5.304 million Fannie Mae loan for a 240-unit multifamily property in Toledo, Ohio. The borrower is Cambridge Briarcliff Owner,…

Black Bear Capital Partners expands Chicago office

Black Bear Capital Partners has expanded its Chicago office with the addition of veteran real estate finance advisor Suraj Desai, who joins as a senior…

Indiana’s Merchants Capital closes more than $4 billion in financing last year

Carmel, Indiana-based mortgage banking company Merchants Capital provided about $4.7 billion in financing in 2020, nearly half of which was dedicated to supporting affordable housing…

Greystone provides financing for renovation of 384 affordable housing units in Michigan

Greystone Affordable Development closed a $62.6 million transaction that refinances and renovates 384 affordable housing units in Michigan. Owned by PK Companies LLC, the units…

Berkadia loans $39.1 million for apartment communities in Missouri, Illinois

Berkadia provided $39.1 million in combined HUD-insured financing for Covington Place Apartments and Cape Cod Village Apartments, market-rate, garden-style multifamily properties in Missouri and Illinois.…

Colliers Mortgage closes $11 million refi loan for seniors housing in Minnesota

The Minneapolis office of Colliers Mortgage, part of Colliers International|U.S., recently closed an $11 million HUD 223(a)(7) loan for the refinancing of Realife Cooperative of…

Colliers Mortgage provides acquisition financing for 74-unit apartment property in Minnesota

The Minneapolis office of Colliers Mortgage recently closed a Fannie Mae loan for the acquisition financing of Henley, a 74-unit market-rate multifamily apartment property in…

Indiana’s Merchants Capital names SVP of GSE underwriting

Carmel, Indiana-based mortgage banking company Merchants Capital has hired Denise Gomez Oluwo as Senior Vice President of Government-Sponsored Enterprise Underwriting. With more than 15 years…

Berkadia provides refinance dollars for multifamily property in Lenexa

Berkadia secured financing for Rosehill Pointe, a garden-style multifamily property in Lenexa, Kansas. Associate director Pat Garlich of Berkadia’s St. Louis office secured the permanent…

NorthMarq closes $24 million refinance of multifamily property in St. Louis

Noah Juran, senior vice president/managing director of NorthMarq’s Cincinnati office, collaborated with David Garfinkel, senior vice president/managing director of NorthMarq’s St. Louis office, to finalize…

finance

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