|
• 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...
|
• 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...
|
• 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....
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• Austin Res Development Funded with $75 Mil Construction Loan
2/27/23
A 182-unit condominium development in the South Lamar section of Austin, TX has landed construction financing of $75 mil. The money was provided by Knighthead Funding LLC.
Situated on an 80.9k sf site at 2323 South Lamar Blv...
|
• Ian Schrager and Ed Scheetz Acquire Former Standard Hotel in West Hollywood for Rebranding into a PUBLIC Hotel property
2/24/23
Ian Schrager and Ed Scheetz recently purchased the 139-key hotel property formerly known as the Standard Hotel in West Hollywood. The hotel property is located at 8300 Sunset Blvd, midway between La Cienega and Crescent Heigh...
|
• New Inland Empire Retail Center Lands $13.4 Mil Refi
2/17/23
Ledo Capital Group has secured a refi loan of $13.4 mil on The District Moreno Valley, a new, 52.1k sf, Sprouts-anchored retail center located in Moreno Valley. Completed in 2022, The District Moreno Valley is anchored by Spr...
|
• Hawkins Companies Lands $56 Mil in Construction Money for Idaho Res Project
2/14/23
Hawkins Companies secured $56 mil in construction financing for the development of Canyon Ridge, a five-building, 287-unit multifamily project located at 2454 E Gowen Rd in Boise, Idaho. The lender is Sunwest Bank.
Canyo...
|
• Mesa West Capital Has Raised $1.37 Bil for Latest Fund
2/14/23
Mesa West Capital has raised $1.37 bil for Mesa West Real Estate Income Fund V, L.P. (“Fund V” or the “Fund”), exceeding Mesa West’s original $1.0 bil fundraising target for the Fund. Mesa West is the private U.S. real estate...
|
• Commercial Real Estate Financing Briefs
2/10/23
JLL CAPITAL MARKETS -- Matt Stewart and Analyst Chris Jaffe with JLL Capital Markets have arranged $69.1 mil in post-close acquisition financing for Walnut Business Park, a 33-building, 334.8k sf light industrial portfolio ow...
|
• Invent Development Partners Secures $50 Mil in Construction Money for Utah Resort Development
2/08/23
Invent Development Partners has obtained $50 mil of construction financing for Phase I of the Lionsback Resort in Moab, Utah, a 175-acre development located adjacent to internationally renowned Canyonlands and Arches National...
|
• Two L.A. Area Multifamily Refinancings Total $14.7 Mil
2/07/23
Two Los Angeles multifamily properties totaling 147 units were refinanced in separate deals with a combined loan value of $14.7 mil, on behalf of a single investor. The financings, both for TIC borrower structures, were arran...
|
Return to the Financing area
