November 21, 2022
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Affordable housing investment, construction underway
Affordable housing is an area of the multifamily market that has seen its share of headwinds and challenges. Nonetheless, investment is happening, deals are closing and projects are underway. Boston Financial, the largest syndicator for low-income housing tax credits in the U.S., recently announced the closing of its Institutional Tax Credits 57 Limited Partnership, a More
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Torchlight, AVANA and Sheridan lead the pack for hottest hotel lenders
(2023 projected origination volume and preferences) Torchlight Investors2023 Volume: $350M-$500MWill fund $350M-$500M total this year; $60M+ senior bridge loans, $25M+ mezz loans for full-service hotels with major franchises such as Marriott and Hilton; LTV up to 75% as-is value, 65% as-stabilized; three- to five-year bridge terms; floating rates; non-recourse; primary, secondary markets AVANA Capital2023 More
