Finance W Minnesota NorthMarq closes $12 million refinance of St. Paul affordable housing portfolio Michael Padilla with the Minneapolis office of NorthMarq recently arranged the $12.75 million refinance of the St. Paul Preservation Portfolio, a portfolio that contains 172 units of affordable housing.
Finance Q Kentucky KeyBank provides $86 million in financing for Kentucky multifamily property KeyBank Real Estate Capital has secured $86 million in Freddie Mac financing for Lifestyle Communities, based in Columbus, Ohio, to refinance a 646-unit Class-A multifamily complex in Louisville, Kentucky.
Hospitality O Indiana Mag Mile Capital closes $5 million refinance loan for Indianapolis hotel Chicago-based Mag Mile Capital principal and chief executive officer Rushi Shah and vice president Prabhat Jayara have completed a $5.35 million non-recourse CMBS loan on behalf of Trivedi Hospitality for Courtyard by Marriott hotel in Indianapolis.
Retail N Illinois NorthMarq closes $8.4 million refinance of St. Louis-area retail center Susan Branscome, senior vice president/managing director of NorthMarq’s Cincinnati-based regional office, arranged the $8.4 million refinance of Alton Corners Shopping Center in the St. Louis market.
Office N Illinois Lamar Johnson Collaborative helps financial trading firm achieve live-work balance Lamar Johnson Collaborative (LJC) has completed a West Loop office for BlackEdge Capital. The space, within a new commercial property in Chicago’s hot Fulton Market area, will serve as both a place to work and a place to thrive—not so much an office as an integral strand of the firm’s DNA.
CRE N Illinois Chicago Design Network names Simon Paca, Brandon Simak as new partners Chicago Design Network, an architecture and interior design firm located in the West Loop of Chicago, announced the promotion of Simon Paca and Brandon Simak, LEED AP as new partners. The two will join principals David McCarty, Deborah Winchester and Edwin Linn.
Finance Q Kentucky NorthMarq closes $2 million refinance of Best Buy property in Kentucky Susan Branscome, senior vice president/managing director of NorthMarq’s Cincinnati-based regional office, secured the $2 million refinance of a 20,000-square-foot Best Buy property at 2050 N. Dixie Highway in Elizabethtown, Kentucky.
Finance W Minnesota NorthMarq closes $17 million refinance for Minneapolis apartment building Dan Trebil, managing director of NorthMarq’s Minneapolis office, arranged the $17.451 million refinance of York Place Apartments, a 114-unit multifamily property in Edina, Minnesota.
Multifamily O Indiana Indianapolis' apartment market? Don't look for a slowdown soon The multifamily sector has been booming throughout Indianapolis for several years now. And in the near future? It’s showing few signs of an impending slowdown.
Finance W Minnesota Grandbridge closes $88 million refinance for Omaha apartments Grandbridge Real Estate Capital recently closed an $88.342 million refinance loan secured by The Atlas Apartments, a 732-unit multifamily mixed-use property in Omaha, Nebraska.
Finance c Nebraska NorthMarq closes refinance of office property in Lincoln Steve Ruff, managing director, and Josh Larsen, vice president, of NorthMarq’s Omaha-based regional office collaborated to secure the $1.59 million refinance of Lincolnshire Square, a 30,792-square-foot office property at 1610, 1620, 1640 and 1650 S. 70th St. in Lincoln, Nebraska.
Finance O Indiana Alliant Credit Union closes refinance of three-property self-storage portfolio Alliant Credit Union closed the refinance of a three-property self-storage portfolio in Evansville, Indiana, and Pine Bluff, Arkansas, in the principal amount of $12.1 million.
Finance i Ohio KeyBank secures $14 million loan for seniors housing facility in Ohio KeyBank Real Estate Capital has secured $14.5 million in Freddie Mac financing for Danbury Senior Living to refinance a 101-unit seniors housing property in Tallmadge, Ohio. Built in 2016, Danbury Tallmadge provides independent living, assisted living and memory care.
Finance X Missouri Berkadia closes $15 million in financing for Missouri apartments Berkadia today provided $15 million in financing for Cedar Ridge, a garden-style multifamily property in Independence, Missouri. Managing director Andy Ahlers of Berkadia’s San Francisco office secured the loan on behalf of the borrower, San Francisco-based Cedar Ridge Apartment Homes LLC. The deal closed on July 31.
Finance i Ohio NorthMarq closes $3.4 million of financing for Cincinnati office property Susan Branscome, senior vice president/managing director of NorthMarq’s Cincinnati office, arranged the $3.4 million refinance of Eastgate Professional Office in Cincinnati.
Retail N Illinois Quick change: Some shakeup among the quick service restaurant industry The quick service restaurant (QSR) industry saw large revenue gains in the U.S. last year, reaching $256 billion. These sales, which represent a 3.8 percent growth, correlate to a 2 percent increase in new restaurant locations.
Finance N Illinois Lodge Financial arranges funding for two-property industrial portfolio Skokie, Illinois-based Lodge Financial has arranged financing for a multi-property industrial portfolio. The $4,100,000, cash-out refinance deal had a 75 percent LTV, seven-year term and 25-year amortization. The partial recourse financing had a 4.34 percent fixed rate.
CRE N Illinois Cresa hosts town hall meeting with new Cook County Assessor, Fritz Kaegi Last month, more than 50 clients, developers, landlords and friends of the firm, joined Cresa Global Inc. at a town hall meeting with new Cook County Assessor, Fritz Kaegi. The event was held at 1 North Dearborn’s rooftop conference center.
Finance i Ohio Dougherty provides refinance dollars for 165-unit multifamily property in Ohio The Nashville, Tennessee, office of Dougherty Mortgage recently closed a Fannie Mae loan for the refinancing of The Trails of Oak Creek, a 165-unit multifamily affordable housing property in Kettering, Ohio.
Finance O Indiana NorthMarq arranges $4 million refinance of industrial portfolio in Indiana Randy Waddell, senior vice president of NorthMarq’s Louisville-based regional office, arranged the $4.25 million refinance of Space Plex Portfolio, a collection of three industrial properties at 501 East Park Blvd., 525 Park East Blvd. and 645 Park East Blvd. in New Albany, Indiana.