Category Archives: Multifamily Loans

Centerline Provides $25M Multifamily Financing – Daily News Article

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Centerline Provides M Multifamily Financing – Daily News Article
Patmon Torcello LP, a Delaware limited partnership sponsored by Charles G. Patmon III, received an $ 8.5-million Fannie Mae loan to finance Torcello Apartments, a garden-style multifamily facility in Stockton. The property consists of 302 units that …
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Alliant's Chicago office closes million multifamily portfolio loan
Alliant Capital LLC has announced the closing on a portfolio of six multifamily properties located along Chicago's north side totaling $ 35 million for an Alliant repeat client. The transaction was originated by Aaron Abelson, Alliant's senior vice …
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The Lending Circle Examines a New Mortgage Bankers Association Report on …
The MBA analysis summarizes both loan holdings and securitized loans. Reporting of commercial and multifamily mortgage debt has been recently improved by the MBA. It now excludes some categories of loans that were previously included in the data.
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Johnson Capital closes million loan for multi-family property in Indianapolis
Kent Carpenter with Johnson Capital, a national real estate capital advisory firm, recently arranged an $ 11.2 million permanent loan for a Class-A 148-unit multi-family property located in Indianapolis. The garden-style complex is about 10 years ancient …
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Lastest Multifamily Loans News

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TEXT-Fitch downgrades six classes of MLMT 2007-C1
Fitch has designated 88 loans (55.1% of the pool balance) as Fitch Loans of Concern, which includes 20 specially-serviced loans (36.6%). The Negative Outlook on the multifamily-directed class A-1A reflects the possibility for continued underperformance …
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Greystone Closes .08 Million Fannie Mae Loan for Multifamily Acquisition in …
CHICAGO, Nov 14, 2012 (BUSINESS WIRE) — Greystone, a leading national provider of multifamily and commercial mortgage loans, announced the origination of a $ 4.08 million Fannie Mae Small Loan for a multifamily property located in Carpentersville, IL.
Read more on MarketWatch (press release)

New York, NY – Meridian Capital arranged six mortgages totaling .6 million
• A new mortgage of $ 26 million was placed by Meridian on three multifamily buildings totaling 222 units located on Fort Washington Ave. The loan features a rate of 3.5% and a 10-year term. Carol Shelby and Dani Sabesan negotiated this transaction.
Read more on New York Real Estate Journal Online

Preferred Apartment Communities, Inc. Announces Date of Third Quarter 2012 …

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Preferred Apartment Communities, Inc. Announces Date of Third Quarter 2012 …
As part of our property acquisition strategy, we may enter into forward buy contracts or buy options for to-be-built multifamily communities and we may make mezzanine loans, provide deposit arrangements, or provide performance assurances, …
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Million Construction Loan from CIBC Funds Lightstone Multifamily
A Long Island City residential project is underway thanks to a $ 51 million construction loan provided by Canadian Imperial Bank of Commerce. The Lightstone Group and its sponsored, non-traded REIT Lightstone Value Plus are constructing the 199-unit …
Read more on Commercial Observer

Centerline Capital Group Refinances a Cooperative Multifamily Property in …
The firm's multifamily lending platform services more than $ 11.5 billion in loans. Founded in 1972, Centerline is headquartered in New York City, with 246 employees in ten offices throughout the United States. A strategic partner of Island Capital …
Read more on Reuters