Greystone Supplies $84M Refi on Rhode Island Apartments
Gaia Real Estate has landed $83.8 million of agency debt to refinance a Rhode Island multifamily building, Commercial Observer can first report. Greystone originated the Freddie Mac-backed loan for...
View ArticleMeridian’s Yoni Goodman Set to Leave Firm Amid Freddie Mac Investigation
Meridian Capital President Yoni Goodman will be leaving the firm in the aftermath of an investigation into its loan originations, The Real Deal reported Wednesday. Goodman told TRD he will depart from...
View ArticleBozzuto Secures $27M for Northern Virginia Multifamily Buy
Bozzuto Group has dipped back into the multifamily pool, with mortgage broker Berkadia providing the floaties. Bozzuto last week purchased the Gables 12 Twenty One multifamily complex, in Rosslyn, Va.,...
View ArticleMaryland Apartment Community Secures $26M in New Freddie Mac Financing
Montgomery Housing Partnership (MHP) has secured a $26.2 million Freddie Mac loan for its age-restricted housing community, dubbed Franklin Apartments, just north of Washington, D.C., according to JBG...
View Article$523B in Multifamily Loans Mature in Five Years; Five Cities At Risk: Report
Fannie Mae and Freddie Mac have originated more than half of the $1.1 trillion in outstanding multifamily loans set to mature within the next decade, and a stunning $300 billion in agency debt comes...
View ArticleFreddie Mac Provides $47M Loan To Finance $76M Sale of Chicago’s 3Eleven
Vista Property Group secured $47.75 million in acquisition financing to close on a $76 million sale with The John Buck Company to purchase 3Eleven, a 245-unit, high-rise multifamily complex in the...
View ArticleSunday Summary: The Bell Finally Tolls for WeWork
We can’t say that we were surprised, exactly. Those of us in the media who have followed WeWork over its highs and lows have known for months that the end was nigh. The end (or bankruptcy, to be more...
View ArticleFreddie Mac Halts Dealmaking for Meridian Capital, Launches Probe
Freddie Mac has put Meridian Capital Group under the microscope after a loan brokered on behalf of the government-sponsored entity was called into question. Meridian has been barred from placing...
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Development Is Hard to Execute in Black Communities. Churches Are Stepping In.
Slavery, Jim Crow, redlining and the New Deal have concentrated Black Americans in undervalued occupations and neighborhoods, producing and perpetuating persistent and structural gaps in every aspect...
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Harbor Group International’s Richard Litton On Multifamily and the Best Debt...
When the COVID-19 pandemic brought the commercial real estate lending markets to a brief standstill in the spring of 2020, Harbor Group International (HGI) saw an opening to scale its business into...
View ArticleNewPoint Refis Jersey City Resi Tower With $154M Loan
Bldg Management has nabbed a $153.6 million debt package to refinance a residential tower in Jersey City, Commercial Observer can first report. NewPoint Real Estate Capital supplied the seven-year...
View ArticleDistress Rate in NYC Multifamily CMBS Set to Rise
A point of interest among multifamily investors reviewing February 2023 reporting data for CMBS securitizations was the special servicing transfer of a $270.3 million floating- rate mortgage secured by...
View ArticleBlackstone Snaps Up Atlanta Multifamily Property for $133M
Despite ongoing market volatility stymying transaction activity, Blackstone just sealed a peach of a deal. The investment giant has expanded its ever-growing footprint in Atlanta with the acquisition...
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Regulatory Developments Related to Managing the Financial Risks of Climate...
Introduction: A Rapidly Developing Regulatory Environment As financial regulators increasingly acknowledge that climate change presents systemic financial risk, there has been a proliferation of both...
View ArticleCRE Loans Face Mounting Maturities in 2023
“CRED iQ prepared for the year ahead in commercial real estate by examining securitized commercial mortgages with maturity dates scheduled in 2023,” wrote Marc McDevitt, senior managing director at...
View ArticleGreystone’s America First Multifamily Investors Provides $154M Loan for...
A partnership between UrbanCore Development, E. Smith & Company, Oakland Economic Development Corporation and Red Stone Equity Partners has secured $153.6 million in tax-exempt and taxable...
View ArticleMultifamily Leads Way for 2022 CMBS Deals
“CRED iQ tracked over $85 billion in multifamily originations for year-to-date 2022, including loans that were securitized in Fannie Mae, Ginnie Mae, Freddie Mac, and CMBS conduit transactions,” wrote...
View ArticleWTI Lands $55M Refi for Multifamily Community in Florida
WTI, Inc has landed a $54.8 million refinancing for a multifamily property in Fort Myers, Fla., Commercial Observer has learned. As a Freddie Mac seller-servicer, Newmark arranged the fixed-rate...
View ArticlePartnership of Nonprofit Companies Form Impact-Driven Multifamily Mortgage...
The Community Preservation Corporation (CPC), National Equity Fund (NEF) and Cinnaire have formed a joint partnership called CPC Mortgage Company, a new lender specializing in multifamily agency loans...
View ArticleM&T Launches CRE Innovation Office
M&T Bank is expanding its commercial real estate lending reach through what it calls a new innovation office, Commercial Observer has learned. The Buffalo, N.Y.-based regional bank announced the...
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