Property: The Russell Apartments, a 241-unit property in Las Vegas
Buyer: SB Real Estate Partners
Seller: Watt Companies
Price: $67M/$278K per unit
With competition for
This deal involves the ground-up development of a 40,000-s.f. land parcel to include a 12-pump fuel station and a 4,300-s.f. convenience store. The parcel is located on a main arterial with 14,000 vehicles per day (VPD) average traffic counts. More
BrightSpire Capital is a commercial real estate credit REIT and bridge lender focused on originating, acquiring, financing and managing a diversified portfolio of CRE debt investments and net-leased assets nationwide. More
This list includes some of the top construction lenders. We have touched base with our vast inventory of lender contacts to get the most up-to-date information including their origination totals and terms. This information will give you an idea of what these capital providers are seeking in today’s market. 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 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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