finance

Philipsborn finances two Chicago apartment buildings for $2.2 million

The Philipsborn Company has completed long-term, fixed-rate, non-recourse first mortgage financing for two apartment buildings located on Chicago's north side, according to president Andrew Philipsborn.…

MichiganFinance

Arbor provides $4 million refi loan for Detroit apartment building

Arbor Realty Trust recently funded a Freddie Mac SBL deal in Detroit. Van Dyke Apartments, a 40-unit multifamily property, received $4 million in refinance funding…

OhioFinance

ASC closes $2.85 million refinance for Ohio apartment complex

American Street Capital arranged a $2.85 million refinance for a 109-unit multifamily complex in Lorain, Ohio.

WisconsinFinance

Arbor provides $3.2 million in refinance dollars for Wisconsin apartments

Arbor Realty Trust, Inc. recently funded a Fannie Mae Small Loan in Sun Prairie, Wisconsin. Stonewood Crossing, a 24-unit multifamily property, received $3.2 million in…

Envoy Net Lease Partners hires Eric Spokas as COO

Envoy Net Lease Partners, LLC, a real estate finance company specializing in single-tenant net leased commercial properties, has appointed Eric Spokas as chief operating officer,…

OhioFinance

NorthMarq closes $4.4 million loan for Dayton retail plaza

Noah Juran, senior vice president/senior director of NorthMarq's Cincinnati-based regional office, completed acquisition financing of $4.4 million for Northwest Plaza, a 220,000-square-foot retail property at…

Knighthead Funding provides $14M construction loan for Chicago multifamily development

Knighthead Funding, LLC has provided Noah Properties Chicago with a $14.36 million construction loan for the Roselle Apartments, a multifamily community in Roselle, Illinois. Due…

NorthMarq provides refinancing money for 182-unit apartment complex in Indiana

Noah Juran, senior vice president/senior director of NorthMarq's Cincinnati-based regional office, arranged the $8 million refinance of Beech Grove Apartments, a 182-unit multifamily property at…

MichiganFinance

Bernard Financial closes $8.7 million for Michigan apartment complex

Bernard Financial Group closed an $8.7 million loan for a 201-unit multifamily property in Saginaw, Michigan.

MichiganFinance

Cinnaire adds VP to Grand Rapids office

Cinnaire, a non-profit Community Development Financial Institution, has promoted Josh Ghena to vice president, asset management, in the company’s Grand Rapids, Michigan, office.