finance

Merchants Capital provides $21 million loan for Minneapolis apartment complex

Mortgage banking company Merchants Capital has provided more than $21.5 million in financing for a Minneapolis apartment complex currently under construction, The Bessemer at Seward…

Grandbridge closes $9.1 million loan for apartment project in Minnesota

Grandbridge Real Estate Capital recently closed on the permanent refinance of a $9.166 million first mortgage loan secured by a 125-unit apartment project in Plymouth,…

Indiana’s Merchants Bank hires VP, senior business development officer

Carmel, Indiana-based Merchants Bank of Indiana recently hired Tony Boddie as vice president and senior business development officer for Small Business Administration Lending. Currently, Boddie…

Bernard Financial closes $14 million loan for office buildings in Ohio

Bernard Financial Group has arranged a $14.3 million life company loan for two class-A multi-tenant office buildings in Dublin, Ohio. The two buildings total 209,799…

Red Oak Financial provides $5 million loan for apartment purchase in Kansas

Red Oak Financial funded a $5.459 million fixed-rate bridge loan for the purchase of Deer Creek Apartments, a 111-unit multifamily complex in Topeka, Kansas. The…

Greystone Bel closes sale of six-property apartment portfolio in Detroit

Greystone Bel recently closed the sale of the Whitmore Apartments Portfolio, a six-property multifamily portfolio totaling 223 units in the Palmer Park district of Detroit,…

KeyBank provides $31 million of financing for Columbus seniors housing provider

KeyBank Real Estate Capital and KeyBanc Capital Markets secured $31 million of financing for Columbus, Ohio-based National Church Residences, the nation’s largest not-for-profit provider of…

NorthMarq closes $13 million refinance of 490-unit apartment complex in St. Louis

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

Colliers Mortgage closes refi loan for 80-unit apartment property in Minneapolis

The Minneapolis office of Colliers Mortgage, part of Colliers International|U.S., recently closed a Fannie Mae loan for the refinancing of Good Dwelling, an 80-unit market…

Bernard Financial closes $1.25 million apartment loan in Tennessee

Bernard Financial Group has arranged a $1.25 million life company loan for a 34-unit multifamily property in Carthage, Tennessee. The borrower is Cumberland Apartments LLC.…

finance

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