Westmount Realty Capital acquires River Park, a 27-building multifamily community in Fort Worth
Westmount Realty Capital, LLC announced the acquisition of River Park, a 280-unit, garden-style multifamily community located at 3309 River Park Dr. in southwest Fort Worth. Built in 1985, this well-maintained, 27-building community sits on...
Rate Desk April 15, 2020
Rate Desk April 15 edition: Markets down from yesterday UST .643 bp 223(f) 2.55-2.72% 221(d)(4) 3.20-3.37% Fannie 3.21% Freddie 3.50% Forbearance: 30 days with two 30 day extensions (90 days total) No evictions or...
JLL to exclusively market 121 East 37th Street in New York’s Murray Hill
JLL Capital Markets has been retained by PR 121 East 37 LLC to exclusively market and sell 121 East 37th Street in New York’s Murray Hill neighborhood. The 9,124-square-foot residential building includes 11 apartments....
Rate Desk April 14, 2020
Rate desk April 14 edition: All markets are up UST .736 bp 223(f) 2.55% 221(d)(4) 3.20% Fannie 3.25% Freddie 3.50% TEB 3.59% TEL 3.05% HUD affordable housing segmented LIHTC into two categories: new and...
Interra Realty brokers $2.7 million multifamily sale in Chicago’s Kenwood Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of 4119 S. Ellis Ave., a 23-unit apartment building in Chicago’s Kenwood neighborhood, for approximately $2.7 million, or $117,391...
NMHC Research Foundation releases new study on apartment filtering
The NMHC Research Foundation released a pioneering new study exploring the impact of the filtering process on apartment housing. A better understanding of the detailed nature of our housing affordability challenges is more important than...
$34.5 million construction loan arranged by Marcus & Millichap Capital Corporation
Marcus & Millichap, financing subsidiary Marcus & Millichap Capital Corporation (MMCC), has arranged a $34.5 million construction loan for a 48-unit condominium development project in Pasadena, California. “After completing the first phase of the project, with financing...
Rate Desk April 13, 2020
April 13 edition Markets down on OPEC deal UST .731 bp 223(f) 2.76 221(d)(4) 3.41 Fannie 3.32 Freddie 3.50 HUD issued guidance HUD open for business Sourcing new construction and refinance debt through mortgage...
HUD implements new CARES Act multifamily mortgage payment relief to maintain and preserve affordable...
The U.S. Department of Housing and Urban Development (HUD) announced it is issuing new mortgage payment relief guidance under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) for borrowers with multifamily mortgages...
Jonathan Rose Companies acquires Tower West Apartments on Manhattan’s Upper West Side
Jonathan Rose Companies, one of the country’s leading developers and investors in sustainable, affordable and mixed-income multifamily real estate, has acquired Tower West Apartments, a 217-unit HUD-regulated, partial Section 8, and New York City...
Franklin Street brokers $4.5 million sale of Fairway Gardens in Margate, Florida
Franklin Street has brokered the sale of Fairway Gardens, a 28-unit multifamily property located on a golf course in the city of Margate, Florida. Franklin Street’s Fort Lauderdale multifamily investment sales team, Travis Jones, Dan...
Franklin Street brokers $18.1 million sale of Aventura Apartments in Orlando Florida
Franklin Street has brokered the sale of Aventura Apartments, a 144-unit apartment community located in the city of Orlando, Florida. Franklin Street’s Tampa multifamily investment sales team, Darron Kattan, Zach Ames, Kevin Kelleher and Avery...
Rate Desk April 10, 2020
April 10 edition Markets up double digits UST ended .72 bp Closed for Good Friday 223(f) 2.60-2.65 221(d)(4) 3.30-3.60 Fannie 3.32% Freddie 3.40% HUD San Fran office issues Q&A on construction/rehab loans Stay-at-home order...
Rate Desk April 9, 2020
April 9 edition Fed: $2.3 trillion loans for midsize businesses, US cities and states UST range bound .72-.74 bp Fed includes CMBS AAA securities in TALF FHA rates 223(f) flat 2.60-2.65 221(d)(4) 3.30-3.60 GSE's...
Meta Housing breaks ground on 65-unit affordable multifamily development in Westminster, California
Meta Housing Corporation, a Los Angeles-based developer, in a joint venture partnership with Western Community Housing, a Southern California-based non-profit public benefit corporation, has announced the development of Westminster Crossing, a three-story, 65-unit, affordable...
