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Albuquerque Res Community Lands $45 Mil Freddie Mac Refi 5/19/23 Union 505 Apartments, a 572-unit residential community in Albuquerque, NM, was refinanced with a new loan for $45.5 mil. The property is located at 801 Locust Place NE.
The community offers studio, loft, one- and two-bedroom...
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Goodyear, AZ Multifamily Property Refinanced with $41.6 Mil Freddie Mac Loan 5/18/23 Lunaire Apartments, a 240-unit res community in Goodyear, AZ, landed new financing of $41.6 mil. The property is located at 949 S. Goodyear Blvd, just south of I-10, within the Phoenix MSA. It is owned by 29th Street Capital....
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Denver Area Res Asset Lands $65 Mil in New Financing 5/09/23 Promenade Place, a 387-unit, mid-rise multifamily property in Greenwood Village, CO, has landed new financing of $65 mil. The asset, situated in the heart of the thriving Denver Tech Center (“DTC”), is owned by a domestic pen...
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Mark IV Capital Looking to Grow Its Industrial Presence in Five States 5/08/23 Mark IV Capital, a private investment firm with a nearly 50-year history of commercial real estate investment and development, as well as venture capital, is expanding its C-suite to grow its industrial and mixed-use developm...
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Irvine Res Property Lands $31.6 Mil Refi 5/05/23 Advanced Real Estate completed a $31.6 mil internal refinance of the Axis 2300 Apartments in Irvine. The 115-unit multifamily property is located at 2300 Dupont Dr, southwest of the 405 Fwy off Von Karman Ave.
Alex Kane, Joe...
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WNC Preservation Equity Fund 2 Fully Invested in $229 Mil of Affordable Housing Assets in Six States 5/04/23 Preservation Equity Fund Advisors (PEF Advisors) has fully invested its WNC Preservation Equity Fund 2 (Fund 2) in $229 mil in assets across six states. Fund 2, a $100 mil equity fund that closed in May of 2022, is PEF Adviso...
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Commercial Real Estate Financing Briefs 5/04/23 TALONVEST CAPITAL - Kim Bishop, Jim Davies, Tom Sherlock, Mason Brusseau, and Lauren Maehler with Talonvest Capital closed a $65 mil, non-recourse bridge loan for a seven-asset, self-storage portfolio located in Texas, Florid...
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Kairos Investment Management Company Secures $175 Mil Fannie Mae-Backed Credit Facility 5/01/23 Kairos Investment Management Company (KIMC) has secured a $175 mil credit facility backed by Fannie Mae. Berkadia, a leading commercial mortgage lender, originated and will service the credit facility for each transaction.
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Champion Real Estate Company Secures $40 Mil Refi on OC Student Housing Property 4/14/23 Champion Real Estate Company has refinanced University Village Fullerton, a 121 unit/427-bed student housing property in Fullerton, with a new loan for $40.5 mil. The property is located at 2000 Oxford Ave, just north of Yorb...
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Commercial Real Estate Financing Briefs 4/14/23 BELLWETHER ENTERPRISE REAL ESTATE CAPITAL -- Tom Turnage and Joe Galosic, Jr with Bellwether Enterprise originated a $58 mil loan to finance a luxury apartment community in Santa Barbara County. The property is a best-in-clas...
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Echo Real Estate Capital Inc and Grandview Partners to Build 676k sf Spec Industrial Project in Arizona 4/14/23 Echo Real Estate Capital Inc and Grandview Partners plan to develop a 676.2k sf spec industrial project in Glendale, AZ to be called Northern Parkway Logistics Center. Construction of the project is being financed with a $53....
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Seattle Apartment Complex Lands $53.5 Mil Refi 4/04/23 Cypress Apartments, a 237-unit, six-story, Class A, market rate apartment complex in Seattle’s Yesler Terrace community, has been refinanced with new permanent financing of $53.5 mil. The property, located at 120 Broadway, wa...
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New Standard Equities Obtains $19.8 Mil Refi on Washington Multifamily Property 4/03/23 New Standard Equities (NSE) has secured a $19.8 mil refi loan on Village Fair Apartment Homes in Bremerton, WA. This was the third refinance of the 120-unit property since its purchase for $13.1 mil in December 2016. Its appr...
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Diversyfund Buys 61-Unit Multifamily Asset in Monterey County 3/24/23 In a NoCal res buy, Diversyfund purchased The Independent, a Class A, 61-unit multi-housing asset located in Sand City, within Monterey County. The deal was financed with an acquisition loan for $13.1 mil.
Situated at 600 Or...
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Commercial Real Estate Financing Briefs 3/20/23 TALONVEST CAPITAL -- Kim Bishop, Eric Snyder and Ivan Viramontes with Talonvest Capital arranged a $114 mil acquisition bridge loan secured by a storage portfolio consisting of 14 assets located in Utah and California. The in...
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GPI Companies Set to Build 200-Unit Res Community in West Los Angeles 3/16/23 A GPI Companies affiliate has secured $84 mil in construction financing for Overland and Ayres, a 201-unit, multi-housing development in West Los Angeles. The project, located at 2455 Overland Ave, is scheduled for completion...
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Vicky Schiff, Dream Unlimited Corp and PaulsCorp LLC Launch Avrio Real Estate Credit 3/16/23 Dream Unlimited Corp, PaulsCorp LLC and Vicky Schiff have teamed up to launch a new firm, Avrio Real Estate Credit. Avrio will offer short-term, first mortgage debt and other structured finance products including B notes, mez...
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Lovett Industrial Lands $25 Mil for Construction of Inland Empire Industrial Development 3/13/23 Lovett Industrial has obtained $24.93 mil in construction financing for the development of Rialto II, a 114.1k sf, Class A industrial development in Rialto. Once completed Rialto II will comprise 36-foot clear heights, two gr...
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Commercial Real Estate Financing Briefs 3/08/23 CBRE CAPITAL MARKETS -- Mark McGovern, Colby Matzke, Brian Cruz, Scott Lewis, Matt Ballard and Gaby Llanes with CBRE arranged a $19.1 mil, fixed-rate acquisition loan for 451 South Western Blvd in Denton, TX, which includes t...
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El Cajon Apartment Portfolio Trades in $16 Mil Deal 3/02/23 A three-property, 61-unit multifamily portfolio in El Cajon traded for $16.17 mil ($265k/unit). The sale consisted of the following properties:
• Sunshine Manor - located at 948 South Sunshine Ave, the Class C property (buil...
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