Red Mortgage Capital closes $60 million SBL portfolio in Union City, NJ
RED Mortgage Capital, the lending arm of ORIX Real Estate Capital, LLC, announces the closing of a $60 million, 18 property portfolio in Union City, N.J. through the Freddie Mac OptigoSM Small Balance Loan...
Thorofare Capital provides $53.5 million to refinance CT multifamily portfolio
Thorofare Capital has provided $53.5 million in senior debt to refinance a two-property, 198-unit multifamily portfolio in Norwalk, CT. The financing is secured by two Class-A apartment communities developed in 2016 by the sponsor, a...
Construction is underway at Clarus Glen Ridge luxury rental community
Clarus Glen Ridge, the luxury rental community in the historic Borough of Glen Ridge, is now under construction, developer JMF Properties announced today. Located on Baldwin Avenue, just a short walk from downtown Montclair and steps...
CPC Mortgage Company LLC delivers $9.6 million FHA loan to refinance two rent stabilized...
CPC Mortgage Company LLC, a subsidiary of the Community Preservation Corporation (CPC), announced the closing of a $9.6 million Federal Housing Administration (FHA) loan to refinance two rent stabilized, multifamily properties in Manhattan’s East...
Cooper Plaza Townhomes preservation set to begin
Cooper Plaza Townhomes — a housing community in the Cooper Plaza Historic District that has provided affordable housing to Camden families for decades — is set for a major renovation following a successful financial closing...
Merchants Capital announces more than $180m total financing for two new mixed-income, mixed-use projects...
Mortgage banking firm Merchants Capital has secured financing for two affordable housing developments, totaling more than $180.6 million, in the New York City area: MEC 125th Street and Caton Flats. Both transactions executed a novel...
Meridian Capital Group arranges $52 million in financing for a multifamily community in Aberdeen,...
Meridian Capital Group, America’s most active dealmaker, arranged $52 million in financing to refinance a multifamily community in Aberdeen, NJ on behalf of BNE Real Estate Group. The 15-year loan was provided by a life...
First move-ins scheduled for April 1st at 325 ferry street in Newark’s North Ironbound...
325 Ferry Street, a brand new collection of 91 luxury rental residences in Newark’s bustling North Ironbound neighborhood, is now open for leasing, the community’s developer announced today. Renters are demonstrating a strong interest in...
Construction kicks off on 11 Crown Street Apartments
Construction has started on a brand new rental community being developed at 11 Crown Street on the site of the former Meriden Record Journal building, following a successful financial closing by the developer, The...
Walters clears site for Cornerstone At Grassy Hollow
Walters has begun site work on a new 60-unit income-restricted apartment and townhome community to be named Cornerstone At Grassy Hollow. The first residential building is slated for completion by year-end 2019. Located at 200...
Two affordable housing communities in Orange will undergo extensive renovations with $11.6 million in...
MassHousing has provided a total of $11.6 million in affordable housing financing to the non-profit Retirement Housing Foundation (RHF), for the renovation and preservation of two adjacent affordable housing communities in Orange. As part...
Elion Partners and Buchanan Partners break ground on 254-unit luxury apartment building at Glenmont...
Elion Partners, a real estate investment firm, and Buchanan Partners, a real estate development firm, have broken ground on a 254-unit luxury multifamily building adjacent to the Glenmont Metro station in the Maryland suburbs...
The Donaldson Group, Declaration Capital, & Angelo, Gordon acquire 288-unit apartment community in Hyattsville,...
In an off-market transaction, The Donaldson Group of Rockville, MD, New York-based Declaration Capital, and New York-based Angelo, Gordon have acquired Plaza Towers Apartments, a 288-unit high rise apartment community located in Hyattsville, Maryland....
325 Ferry Street luxury rental building to open in Newark’s bustling North Ironbound neighborhood
325 Ferry Street, a brand new collection of 91 luxury rental residences in Newark’s bustling North Ironbound neighborhood, will debut to the public in mid-March, the community’s developer announced today. As the latest example of...
Walters plans to open Cornerstone at Stafford in March 2019
Walters has nearly completed construction of Cornerstone At Stafford which will bring 100 premium age (55+) and income-restricted residences to Manahawkin. Located at 120 Campbell Blvd., the community is part of the large-scale Stafford...
