September 09, 2011 Talk about a good week: Minneapolis-based Towle Financial Services closed $32.6 million in permanent loans in 12 separate transactions all in the week of Aug. 29. Read more...
September 02, 2011 Matthew Rocco has been named executive vice president and national loan production manager with Grandbridge Real Estate Capital. Rocco will work with his predecessor, John Davis, until Davis retires on Dec. 31. Read more...
August 30, 2011 Steadfast Income REIT, Inc. recently closed the $10.42 million acquisition of Cooper Creek Village Apartments & Townhomes, a 123-unit complex in Louisville, marking the REIT’s second Louisville-area property. In May of 2011, Steadfast acquired Arbor Pointe in the Jeffersontown area of the city. Read more...
August 19, 2011 Centerline Capital Group has invested $9.1 MM in the second phase (2A) of the new Park Boulevard project in Chicago. The redevelopment of this south side public housing project is the corner stone of the rejuvenation efforts in the area. This affordable multi-family housing project is one of 16 projects spanning 10 states included in Centerline’s latest Fund, CCP38 which recently closed at $119.25MM. Read more...
August 09, 2011 In July, the delinquency rate for U.S. commercial real estate loans in CMBS shot up 51 basis points to 9.88 percent. This is the highest delinquency rate in the history of the CMBS market. The spike comes after two consecutive drops in the rate for May and June, which was the first back-to-back monthly drop since the credit crisis began in 2008. Read more...
August 02, 2011 Throughout the past decade the United States has focused on reducing our reliance on the manufacturing industry while looking to boost the service industry to create more jobs – particularly in the financial sector. However, as was made clear by the devastating turn of events in the past few years, our economy cannot rest solely on the strength (or lack thereof) of our financial industry. Read more...
August 02, 2011 Walker & Dunlop has announced that Michelle M. Warner and Edward Q. Williams have been named co-heads of the Company’s FHA Finance division and will be responsible for all aspects of Walker & Dunlop’s FHA Finance program. Ms. Warner joins the Company from Deutsche Bank Berkshire Mortgage, while Mr. Williams has been promoted into his new role. Read more...
July 06, 2011 For the first time since the credit crisis began in 2008, the CMBS delinquency rate has fallen for two consecutive months, reports Trepp. Read more...
June 29, 2011 Cohen Financial has arranged a total of $11.25 million refinancing for two apartment properties located in the Lincoln Park neighborhood of Chicago. Read more...
June 28, 2011 Beech Street Capital, LLC announced today that it has provided a $9.25 million Fannie Mae Conventional loan to acquire Quail Run Apartments. The 166-unit property is located in Zionsville, Indiana, part of the Indianapolis MSA. Read more...
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