finance

American Street Capital secures $9.6 million for Oak Forest multifamily portfolio

American Street Capital (ASC) has secured $9.64 million in permanent debt for a 149-unit, scattered site multifamily portfolio in the Chicago suburb of Oak Forest,…

NorthMarq closes $12 million refinance of St. Paul affordable housing portfolio

Michael Padilla with the Minneapolis office of NorthMarq recently arranged the $12.75 million refinance of the St. Paul Preservation Portfolio, a portfolio that contains 172…

KeyBank provides $86 million in financing for Kentucky multifamily property

KeyBank Real Estate Capital has secured $86 million in Freddie Mac financing for Lifestyle Communities, based in Columbus, Ohio, to refinance a 646-unit Class-A multifamily…

Associated Bank closes $36 million in financing for Madison mixed-use project

Associated Bank acted as lead arranger and administrative agent, holding a $22.6 million portion of a $36.6 million loan for Stone House Development's construction of…

Minneapolis’ Dougherty closes first loan under new HUD program

Dougherty Mortgage is the first mortgage banker nationwide to close a project under HUD's new 221(d)(4) LIHTC pilot program with a $14.8 million loan for…

Lodge Financial closes $12.5 million in financing for Chicago deconversion

Lodge Financial successfully secured long term financing on a 64-unit condo deconversion with 64 different sellers. The $12,500,000 purchase price was supported by a loan…

JLL arranges $61M financing for new Hyatt House hotel in Chicago

JLL arranged a $61 million refinancing for Hyatt House Fulton Market, a 200-room, newly constructed hotel in Chicago's Fulton Market District. JLL worked on behalf…

Mesa West Capital originates $32M acquisition loan for Lockport industrial property

Mesa West Capital has provided the joint venture of High Street Realty Company and Angelo Gordon with $32.1 million in short-term, first mortgage debt for…

Bernard Financial closes $7 million loan for multifamily property in Michigan

Bernard Financial Group closed a $7 million CMBS loan for a 328-unit multifamily property in Roseville, Michigan.

State Bank provides $6.6 million in financing for high-tech projects in Michigan

State Bank provided $6.6 million in financing for the construction of two high-tech/research and development buildings in Novi, Michigan.

finance

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