June 12, 2023
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Construction lending will build later this year
Although there has been some slowdown, construction lending overall should strengthen by year’s end. Rates should start to plateau and lenders that have been on the sidelines since the bank failures will come back to the market later this year. They will return once there is some certainty in bank lending and in order to More
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Multifamily Acquisition of the Week: The Paseos at Montclair North in Montclair, Calif.
Real estate investment firm Archway Equities acquired The Paseos at Montclair North from 4919 Olive Street Properties LLC for $150M. It’s the largest multifamily transaction in Southern California to close this year and represents Archway’s first multifamily investment in the state. The property was 97% leased at closing. The 385-unit multifamily community is located in More
