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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...
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...
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 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 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 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 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 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...
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