Finance O Indiana
Alec Neesham;Marcus & Millichap Capital Corp.

Marcus & Millichap pro named lender for The Standard

The Indianapolis office of Marcus & Millichap Capital Corp. announced that Standard Insurance Co. (The Standard) has appointed Alec Neesham of MMCC as its correspondent mortgage banker for the state of Indiana. The Standard recently announced its entrance into Indiana’s commercial real estate lending markets and Neesham will be the only mortgage banker based in Indiana to represent The Standard for commercial real estate loan originations throughout the state.

Finance N Illinois
Heather Ridge, 9500 14th Street West, Rock Island, Illinois.

Berkadia secures $34M in HUD rehab financing for multifamily portfolio

Berkadia announced the origination of $34.27 million in construction-to-permanent substantial rehabilitation financing for a two-property portfolio in Rock Island, Illinois, where 100 percent of the units are covered by project-based HAP contracts. The construction loan features an interest-only construction period, a 40-year term with 40-year amortization and a 90 percent loan-to-value ratio.