News

JLL Capital Markets announced that it has arranged a $32.25 million refinancing for Lake House, a 240-unit, garden-style multihousing community in Davenport, Florida. JLL worked on behalf of the borrower, Beachwold Residential, to secure the...

 May 29, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Mortgage markets reawaken and FHA 223(f) moves to the loan of choice for take-out on both market-rate and LIHTC developments. Rate Desk...

Avison Young, the world’s fastest-growing commercial real estate services firm, announced that it has brokered the $1.7 million sale of a lender-owned, five-unit apartment property located at 1954 Argyle Avenue in the Hollywood Hills...

 May 28, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Housing is health: Impacting the health of our communities with healthy housing. Rate Desk Notes May 28, 2020 Indices down Crude $33.55 ...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Walden Landing, a 44-unit apartment property located in Plant City, Fla.,...

MassHousing has closed on $25.25 million in affordable housing financing to an affiliate of  Vitus, for the preservation and rehabilitation of 82 affordable housing units in Roxbury. Vitus will utilize the MassHousing financing to combine a pair of Roxbury affordable housing communities, the Fort Hill Gardens and Esperanza...

 May 27, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. LIHTC perm take-out low loan constant due to low rates but still over-sourced. Rate Desk Notes May 27, 2020 Indices up Crude...

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed the sale of The Lakes, a 102-unit...

Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $1.48 million off-market sale of 7526 S. Colfax Ave., a 24-unit courtyard apartment building in Chicago’s South Shore neighborhood. Interra...

 May 26, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Bridge lending ramps up and the new national green building standards. Got Benchmarking? Rate Desk Notes May 26, 2020 Indices up Crude...

More than half (53 percent) of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the third edition of the National Multifamily Housing Council (NMHC) COVID-19 Construction Survey. Of...

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...

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...

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...

 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,...