FCP was attracted to this garden-style property in College Park, a submarket of Atlanta, because it is rare to find a multifamily residence consisting solely of townhomes, which renters tend to desire. Property: Avery Townhomes, a 220-unit Property in College Park, Ga. Buyer: FCP Seller: Auerbach Funds and Dunross Capital Price: $32 million Avery Townhomes More
Keep an eye out for a ton of equity capital flooding the market throughout the rest of the year, especially as real estate continues to be seen as a stable investment in today’s market. Joint venture (JV) equity and preferred equity providers will all be chasing any transactions they can get their hands on including More
Watch for more lenders to chase hotel-to-multifamily conversion loans going forward. This trend should continue well into 2023 as sponsors, equity investors and lenders all want to get their hands on these deals. Historically, there has been a somewhat limited supply of potential capital partners who quote these types of opportunities, but today it is More
(2022 projected origination volume and preferences) Madison Realty CapitalVolume: $4BOriginated $1B so far this year; $20M-$600M+ loans for condos, multifamily, industrial, build-for-rent SFR, build-for-sale SFR, hotels; 4.5%-9% rates depending on LTC; up to 85% LTC; up to 36-month terms plus extension options; non-recourse; all major markets Associated BankVolume: $2BOriginated $300M so far this year; $10M+ More
The amount of available equity capital is overflowing and is not expected to slow down any time soon. The demand for deals is off the charts. There is money available for everything right now, since real estate is strong, the stock market was overvalued and people are concerned and want safe investments. There is a More
Red Oak Capital provided a bridge loan for The Atrium at Gillette Ridge. The property consists of three different buildings including a 435,853-s.f. Class A office building, a 101,652-s.f. industrial building and a flex/office building containing 40,688 s.f. The property is situated on 50.85 acres and was built in 1997 and renovated in 2007. The More
Hoteliers will see plenty of available capital, especially for assets with major flags in strong markets. However, hotels in some Sunbelt cities such as Phoenix, Miami and Nashville, Tenn., do not need major flags to grab financing. Debt funds will continue to be the most active lenders, although banks are getting back into the game More
Bernard Financial Group20700 Civic Center Drive, Suite 240, Southfield, MI 48076Joshua Bernard, Principal(248) 799-9200jbernard@bernardfinancial.com Bernard Financial arranged an $8M loan for a 150,283-s.f. shopping center in Livonia, Mich., with American United Life Insurance. The borrowing entity is Newburgh Plaza, LLC. Bison Financial Group735 Arlington Ave. N., Suite 110, St. Petersburg, FL 33701David Repka, Principal(727) 537-0330dave@bisonfinancial.com More
Demand for housing within the Southeast region will continue to stay strong, particularly among buyers looking at the value-add segment. Expect owners to bolster unit counts throughout 2022, with hold periods that will likely trend over at least a five-year period. Though Florida will continue to be an in-demand market, watch for investors to begin More
The multifamily market is at something of a crossroads. It’s a growing section of the overall real estate financing market, but just how is it going to grow in the future? What’s the current state of things, and how can buyers and lenders capitalize on the strengths of this particular market segment? It’s a question More
There is a lot of growth ahead in the multifamily housing industry. As such, a lot of new players will be entering the business in the next few years. At the moment, supply is chasing demand; there’s not enough housing being built in general, and there’s certainly not enough rental single-family housing in the market. That seems More
JVM Realty Corporation added Steve Boyack to its team as COO. Boyack will serve the company’s multifamily communities throughout the Midwest. He will also oversee the company’s corporate operation functions, which includes technology, sales, marketing, asset management and office management, as well as the performance of the company’s property management platform. Before joining the JVM More
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