MassHousing closes on $26.4 million in financing for the refinancing and substantial renovation of...
MassHousing has closed on $26.4 million in affordable housing financing to the non-profit Affordable Housing and Services Collaborative, Inc., to support the refinancing and major rehabilitation of the 248-unit Powdermill Village in Westfield.
Powdermill Village...
$21.65 million in refinancing secured for The Lexington apartments in Hoboken
JLL Capital Markets announced that it has arranged $21.65 million in refinancing for The Lexington, a multihousing community consisting of 50 apartments across two, five-story buildings in Hoboken, New Jersey.
JLL worked on behalf of...
Investment secured for one of the largest multihousing assets on Long Island
JLL Capital Markets announced that it has arranged joint venture equity for Rosemont Brookhaven, a 795-unit, garden-style multihousing property in the Long Island village of Bellport, New York.
JLL worked on behalf of Investcorp, to...
Newly constructed 745 Hamilton apartments refinanced for $12 million
JLL Capital Markets announced that it has arranged a $12 million refinancing for the newly constructed 745 Hamilton apartments in Somerset, New Jersey.
JLL worked on behalf of Country Classics at Hamilton to secure the...
PEEK Properties secures construction loan for Class A Opportunity Zone multifamily project in Orange,...
PEEK Properties (PEEK) has secured $9,750,000 in construction financing for the first of three new-construction Qualified Opportunity Zone (QOZ) multifamily properties in the City of Orange, N.J. PEEK, a commercial real estate investment, development...
Waterton enters Greater Boston multifamily market with acquisition of 503-unit Rosemont Square in Randolph,...
Waterton, a national real estate investor and operator, announced it has acquired Rosemont Square at 2 Chestnut West in Randolph, MA. The 503-unit complex is situated within a 481-acre master-planned community and offers a...
Rough times in NYC
Thousands of New York City apartment residents are not caught up on their rent. That hasn’t stopped building operations costs from coming due, even rising. The combination of rising costs and falling incomes is...
Avanath Capital Management acquires 207-unit workforce housing community in Boston, Massachusetts
Avanath Capital Management, a private real estate firm that invests in affordable and workforce housing properties throughout the U.S., has announced the acquisition of Morton Village, a 207-unit workforce housing community in Mattapan, Massachusetts,...
Westridge Gardens refinanced with agency loan
JLL Capital Markets announced that it has arranged refinancing for Westridge Gardens, a 136-unit multihousing property in Phoenixville, Pennsylvania.
JLL worked on behalf of the borrower, an affiliate of Relative Properties, LLC, to secure the...
Invictus secures $27.5 million for 812-814 Amsterdam Ave. on New York City’s Upper West...
JLL Capital Markets announced that it has secured $27.5 million in financing for 812-814 Amsterdam Ave., a newly constructed 44-unit, 15-story, mixed-use property on the Upper West Side of Manhattan.
JLL represented the borrower, Invictus...
Knighthead Funding provides $26.5 million financing for development of condominium project in Austin, Texas
Knighthead Funding LLC has provided Pearlstone Partners with a $26.5 million construction loan for the Cascade, a 113-unit mid-rise condominium development in Austin, Texas.
The property is located at 2500 Longview St. in the West...
MassHousing closes $64.7 million in financing for the acquisition, rehabilitation and long-term preservation of...
MassHousing has closed on a total of $64.7 million in affordable housing financing to the non-profit NHP Foundation for the acquisition, rehabilitation and preservation of the historic, 217-unit, Blue Mountain Apartments in Roxbury. As a result of the transaction, all 217 homes at the Blue Mountain Apartments...
Permanent financing secured for Centurion Union redevelopment
JLL Capital Markets announced that it arranged permanent financing for Centurion Union, a newly constructed 80-unit luxury apartment building located at 975 Bonnel Court in the vibrant Union Center neighborhood of Union, New Jersey.
JLL...
Coming up empty in Manhattan
The number of empty apartments for rent in Manhattan soared to their highest level in recent history, topping 13,000, as residents fled the city and landlords struggled to find new residents.
The number of apartments...
Affordability extended for lower-income senior citizens and families at Stoneham Housing Community as a...
MassHousing has provided $32.7 million in affordable housing financing to an affiliate of Atlantic Tambone Management, LLC to preserve and extend the affordability for lower-income senior citizens and families for at least 31 years at the 194-unit Mountain...
