May 2, 2022
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Acquisition of the Week: Countryside Village in New Hampshire
Countryside Village, a 448-unit garden-style apartment community in Manchester, N.H., has been purchased by Village Circle Way Owner LLC, an affiliate of The DSF Group from Boston, Mass. The property was built in two successive phases in 1986 and 1987 and features 17 three- and four-story residential buildings as well as a separate 7,000-sq.-ft. clubhouse. More
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Construction lenders to target deals with an affordable element
Borrowers will see plenty of available capital for multifamily construction throughout the rest of the year. Lenders are attracted to the strong occupancy and rent growth in the multifamily space and will be confident these projects can easily lease-up. Banks are sitting on very high deposit levels and remain eager to put out construction loan capital. However, there will be concern that some markets will be harder to underwrite because of volatility and changes in rents. More
