MassHousing closes $25.6 million in financing for the renovation and extension of affordability at...
MassHousing has closed on $25.6 million in affordable housing financing to the Lena Park Community Development Corporation for the renovation and extension of affordability for lower-income residents at the 143-unit Granite Lena Park in Dorchester. Granite Lena Park, a 143-unit scattered-site affordable housing development, was last substantially...
Mt. Carmel and Mt. Village Apartments sell for $2.8 million
Affordable Housing Investment Brokerage Inc. recently sold two Waterloo, Iowa apartment complexes, Mt. Carmel and Mt. Village, for $2,800,000. Managing Director Kyle Shoemaker and Senior Vice President Dan Piatkowski, represented both the purchaser, a...
Rent collections higher in week 3
The NMHC rent tracker project has released its third reading on rent collections in the month of May. A total of 90.8 percent of residents had made a payment by May 20, 2020. This...
Rate Desk May 22, 2020
May 22, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Bridge loans: setting up for success with your business plan, timeline and COVID-19 mitigation. Rate Desk Notes May 22, 2020 DOW down,...
Rate Desk May 21, 2020
May 21, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. GSE vs FHA on perm LIHTC take-out and rate lock underwriting risks. Rate Desk Notes May 21, 2020 NASDAQ within 5% of...
Webinar: Mitigating fraud with Frank Abagnale
The COVID-19 pandemic is exposing gaps in business operations, with cybersecurity on the rise. Just one single data breach can cost as much as $4 million. Largely due to remote work environments that expose security...
Decron Properties acquires Rancho Luna Sol in Fremont, California for $71.5 million
Decron Properties has acquired Rancho Luna Sol, a 188-unit multifamily community in Fremont, CA for $71.5 million. With its acquisition of Rancho Luna Sol, Decron increased its regional portfolio to 1,054 units over six properties....
JLL completes sale and financing of Hawthorne at Lake Norman
JLL Capital Markets announced that it has completed the sale and financing of Hawthorne at Lake Norman, a 232-unit, Class A multihousing community in Mooresville, North Carolina. JLL represented the seller, Hawthorne Residential Partners, LLC,...
Apartment industry reacts to Trump order on regulations
The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) applaud the Trump administration’s signing of an Executive Order directing agencies to use emergency authorities to identify regulations that can be rescinded...
Multifamily builder and developer confidence down in Q1
Confidence in the market for new multifamily housing weakened significantly in the first quarter of 2020, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The survey was...
ULI presents real estate economic forecast
The forecast presented was the median of the forecasts of 39 economists surveyed by ULI. It estimates of how key real estate related economic measures are expected to change over the next three years. What...
Rate Desk May 20, 2020
May 20, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. New rules on CRA evaluations and the potential impact on tax credit investors. Rate Desk Notes May 20, 2020 Indices up Crude...
JLL arranges $10.296 million financing for British Woods in suburban Knoxville
JLL Capital Markets announced that it has arranged a $10.296 million refinancing for British Woods, a 130-unit multihousing community in Oak Ridge, Tennessee. JLL worked on behalf of the borrower, MZ Capital Partners, to secure...
Rate Desk May 19, 2020
May 19, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Statutory waivers, bridge money and SFR HUD FHA multifamily loans. Rate Desk Notes May 19, 2020 Indices down Crude $32.36 UST yields...
Marcus & Millichap arranges the sale of 178-unit Griffin Park Apartments in Lakeland, Florida
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced the sale of Griffin Park, an 178-unit apartment property located in Lakeland, FL, according...
