Walker & Dunlop top Fannie Mae multifamily lender
Walker & Dunlop finished 2017 as the largest Fannie Mae DUS lender by volume of multifamily loans originated. Last year, Walker & Dunlop ranked second…
multifamily
City Club Apartments building 288-unit apartment building on former site of famed Detroit hotel
Farmington-Hills, Michigan-based City Club Apartments broke ground Jan. 11 on its City Club Apartments—Central Business District Detroit mixed-use apartment, furnished short-term and penthouse community.
CBRE closes $320 million portfolio sale in four Midwest states
CBRE Capital Markets recently closed the $320.5 million sale and recapitalization of Milhaus' Urban Core Portfolio, a nine-property multifamily portfolio. The properties are located in…
Pillar Financial provides $7 million in financing for Lansing apartments overlooking home of the Lugnuts
David Wilkins and Charles Krisfalusi of the Bloomfield Hills, Michigan, office of Pillar Financial recently originated a $7.5 million Fannie Mae loan to refinance The…
NorthMarq closes $16 million refinance for Iowa apartment complex
Jason Kinnison, senior vice president of NorthMarq Capital's Omaha regional office, negotiated refinancing of $16.74 million for River Park Apartments Phase III, a 190-unit multifamily…
Apartment rents kept rising in 2017
The number of people renting apartments fell in 2017, the first time this population has seen a decrease in 13 years, another sign that the…
Marcus & Millichap sells 12-unit apartment property in St. Paul
Marcus & Millichap recently closed the sale of 2145 McKnight Road North, a 12-unit apartment building in North Saint Paul, Minnesota. The property sold for…
Marcus & Millichap sells 102-unit apartment building in Minnesota
Marcus & Millichap closed the sale of Tamarind Apartments, a 102-unit apartment property in Saint Louis Park, Minnesota. The asset sold for $15.65 million.
Bernard Financial closes $10 million loan for Michigan multifamily property
Bernard Financial Group has arranged a $2.5 million loan for a 37-unit multifamily property in Ferndale, Michigan.
Q10|Lutz Financial Services provides financing for Jeffersonian in Detroit
Q10|Lutz Financial Services arranged acquisition and renovation financing for The Jeffersonian, a 410-unit, high-rise apartment building in Detroit.