Finance W Minnesota
Laura Hanneman, SR Realty Trust

The great wealth transfer

Over the coming 25 years, Baby Boomers are expected to transfer roughly $55 trillion worth of assets to the next generation, charitable organizations and Uncle Sam. Looking out four decades to 2060, some 45 million Baby Boomers will have transferred ownership of nearly $70 trillion in assets. At their peak, Boomers will be transferring 10 percent of all of the wealth in the United States each and every year.

Finance i Ohio
Three questions with ... Bellwether's Chad Hyland

Three questions with ... Bellwether's Chad Hyland

Chad Hyland, associate vice president in the Cincinnati office of Bellwether Enterprise, has more than 10 years of experience in commercial real estate finance. He’s also a proud resident of the Cincinnati area, having earned his bachelor’s degree from the University of Cincinnati. Midwest Real Estate News asked Hyland three big questions about Cincinnati’s real estate market. Here’s what he had to say.

Finance Midwest
Draper & Kramer closes more than $100 million for three Midwest portfolios

Draper & Kramer closes more than $100 million for three Midwest portfolios

Draper and Kramer, Incorporated’s Commercial Finance Group closed more than $100 million in loans for three commercial real estate portfolios comprising about 3.7 million square feet in assets throughout the Midwest. The loans included the refinance of an eight-building industrial portfolio in the greater Milwaukee area; an acquisition loan for a 38-building light industrial portfolio in Chicago’s suburbs; and a bridge loan for a four-building adaptive reuse development in the burgeoning Renaissance District of South Bend, Ind.

Finance N Illinois
Elliott Young;Pangea Mortgage Capital

Pangea Mortgage Capital welcomes Elliott Young

Elliott Young recently joined Pangea Mortgage Capital as director. He brings over 15 years of real estate experience in commercial real estate lending, mortgage banking and development, nationally and will help the Chicago-based firm to grow new loan originations and expand Pangea Mortgage Capital's national lending footprint.

Finance N Illinois
JLL capitalizes Marq on Main in suburban Chicago

JLL capitalizes Marq on Main in suburban Chicago

JLL Capital Markets arranged joint venture equity and financing for Marq on Main, a newly built, fully amenitized, boutique apartment asset in the affluent Chicago suburb of Lisle, Illinois. JLL worked on behalf of Marquette Companies to arrange a joint venture equity partnership with Principal Real Estate Investors. In addition, the team worked on behalf of the new partners to place a fixed-rate loan with a correspondent life company lender.

Finance N Illinois
Cambridge secures $7M HUD Lean loan to refinance Pontiac Supportive Living

Cambridge secures $7M HUD Lean loan to refinance Pontiac Supportive Living

Cambridge Realty Capital Companies reports providing a $7,600,000 HUD Lean loan to refinance Pontiac Supportive Living, a 60-bed supportive living facility, located in Pontiac, Illinois. According to Jeffery A. Davis, Cambridge president, the fully amortized, 35-year loan was provided for the owner, an Illinois limited liability company using the HUD Section 232 pursuant to Section 223(f) funding program. Underwriting the transaction was Cambridge Realty Capital Ltd. of Illinois, the Cambridge business that specializes in underwriting FHA-insured HUD loans.