Marcus & Millichap arranges the sale of a 14-space manufactured home community
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Florida MHP LLC, a 14-space manufactured homes community located in Gibsonton,...
Magma Equities closes on a $50 million purchase of Durham, NC apartment community in...
Magma Equities has acquired Independence Park Apartments, a 312-unit garden-style community in Durham, NC for $50 million. Independence Park is Magma’s fifth apartment investment in the Tar Heel State in the past 14 months.
Magma...
Levin Johnston completes sale of upgraded 30-unit multifamily community in Fremont, California
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 4001 Nicolet, a fully...
Rate Desk April 27, 2020
Rate Desk Notes April 27 edition
Indices up
Crude oil $12.59
UST yields up .65 bp
223(f) 2.64%
221(d)(4) 3.29%
Fannie 3.20%
Freddie 3.50%
Apartment searches up
28% will use virtual tours
Robust virtual...
DHCFA finances affordable housing in Wards 2 and 4
The District of Columbia Housing Finance Agency is partnering with SOME (So Other Might Eat) by financing affordable housing in Wards 2 and 4. On April 24th, DCHFA issued $17.3 million in tax exempt bonds...
Kiser Group brings East Village Apartments in Downers Grove to market
East Village Apartments, located at 717 Rogers Avenue, has been listed for sale by Chicago-based multifamily brokerage firm Kiser Group. The 20-unit complex comprises two, 10-unit buildings and were built in 2018 by Fourth...
Marcus & Millichap arranges the sale of a 29-unit apartment building
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Oak Gate, a 29-unit apartment property located in Gainesville, Fla., according...
Thayer Manca Residential secures refinancing for South Sound multifamily property
Thayer Manca Residential has secured a $26,800,000, Fannie Mae refinance loan for its Callen Apartments, in Lacey, Washington. The 10-year, 2.99 percent fixed-rate loan includes full-term, interest-only debt service.
“The maximally low mortgage payments afforded by...
Rate Desk April 24, 2020
Rate Desk Notes: April 24, 2020
Indices are up
Crude oil back up to $17 a barrel
UST closing the week .60 bp
223(f) 2.65%
221(d)(4) 3.30%
Fannie 3.20%
Freddie 3.50%
Federal Reserve has...
Marcus & Millichap completed $102 million multifamily portfolio sale in Los Angeles
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the completion of the Armor Collection sale, four multifamily portfolios in Los Angeles, California...
Rent collections report for April, week 3
As part of its project to track rent payments being made during the corona virus shutdown, NMHC reported that an additional 5 percent of renters made at least a partial payment of their April...
Rate Desk April 23, 2020
Rate Desk notes April 23, 2020
Stocks: 2nd day gains
Crude $17/barrel
UST yields flat .61-.62 bp
223(f) 2.65%
221(d)(4) 3.30%
Fannie 3.21%
Freddie 3.50
Offshore investors buy $1.05 billion MF portfolio in West
...
Marcus & Millichap arranges the sale of a 32-unit apartment building
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Columbia House, a 32-unit apartment property located in Tallahassee, Fla.,...
Universe Holdings receives $19.71 million in cash out financing secured by seven Inglewood apartment...
Capitalizing on rising property values in its growing portfolio of assets in Inglewood, CA, Universe Holdings has received $19.71 million in cash-out financing secured by seven of its Inglewood multifamily communities.
Two separate loans allowed...
Jonathan Rose Companies and Columbia Residential acquire city views at Rosa Burney Park
A joint venture of Jonathan Rose Companies and Columbia Residential, in conjunction with neighborhood non-profit SUMMECH Community Development Corp., has acquired City Views at (City Views), a 181-unit family Section 8 and LIHTC community in the rapidly...
