Marcus & Millichap recently brokered the sale of Tanara Villa, a 130-unit multifamily asset in Tacoma, Wash. The property sold for $24.15 million, which equates to $185,769 per unit.
“On the market for the
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Cory Jubran is a senior director at Nuveen Green Capital, a leading provider of sustainable financing solutions for CRE. He leads the firm’s C‑PACE origination efforts across the West Coast, overseeing the sourcing, underwriting, closing and monitoring of transactions for multifamily, office, industrial, retail and hospitality. Jubran has expertise in investments, lending, structured finance and real estate, with approximately $7B in direct transaction experience. He will be a speaker at The Crittenden Report Finance Conference in May. More
The outlook for student housing lending should be positive over the next several years. Occupancies for the current school year and pre-leasing for the 2026-2027 school year remain high year-over-year. Also, new supply is constrained, which should show capital providers that student housing is in a safer position than years past. Count on this trend of increased interest in student housing to continue, especially as Fannie Mae becomes more active, and the life companies show renewed interest in the assets that qualify. More
This deal was extremely challenging. In addition to getting comfortable with a new parking technology, PACE Loan Group (PLG) needed to integrate the PACE assessment with the property’s existing Qualified Energy Conservation Bonds (QECBs). The PACE loan will be used to finance the construction and installation of the parking system. More
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Higher leverage is now attainable and pricing will be more competitive. New capital is flowing into the construction lending space from both debt funds and traditional lending sources and You need a subscription to access this content. Subscribe Now Already subscribed? Click here to login. More
Miami, Florida
November 7-8, 2023
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