finance

Former Chicago Alderman Manny Flores to helm SBA lender SomerCor

SomerCor, a Chicago-based Small Business Administration (SBA) Certified Development Company (CDC), has appointed Manuel “Manny" Flores as president and chief executive officer. Flores takes the…

Bernard Financial provides $1.8 million loan for Michigan apartments

Bernard Financial Group closed a $1.8 million loan for a 28,250-square-foot multifamily property in Rochester, Michigan.

KeyBank provides $39 million for Cleveland apartments

KeyBank Real Estate Capital and KeyBank Community Development Lending and Investment have provided a total of $39.4 million in financing for the redevelopment and preservation…

Uber Capital Group provides $8 million in financing for Ohio Home Depot

Joel J. Gorjian, founder and chief executive officer of the commercial real estate financial advisory and mortgage origination firm Uber Capital Group, LLC, has sourced…

Love Funding names senior director in St. Louis

Eric Forguson has joined Love Funding as a senior director of originations. Forguson will join the Love Funding team in St. Louis.

Lodge Financial arranges $12M for River North office property

Skokie, Illinois-based Lodge Financial has arranged $12,000,000 to refinance a 48,000-square-foot office property located at 435 N. LaSalle Street in Chicago. The loan comes with…

NorthMarq adds multifamily investment sales division in Kansas City

NorthMarq Capital has added a multifamily investment sales division in its Kansas City regional office. Jeff Lamott has joined the organization as senior vice president-NorthMarq…

Berkadia provides $37 million in financing for Cleveland redevelopment

Berkadia provided $37.9 million in financing for The Euclid Grand, a mixed-use historic redevelopment in downtown Cleveland that will feature 239 apartment units, 196 parking…

Greystone provides $15 million in financing for Ohio seniors facilities

Greystone has provided $15 million in bridge financing for the acquisition of two skilled nursing facilities in Youngstown, Ohio. The loan was originated by Fred…

Fannie Mae names interim chief executive officer

Fannie Mae has appointed Hugh Frater as interim chief executive officer. Frater’s appointment will be effective on Oct. 16. He will succeed Timothy Mayopoulos, who…

finance

Subscribe