Finance i Ohio Mortgage arm of Columbus' RED Capital Group ranks as top FHA/Ginnie Mae originator in 2012 Columbus, Ohio-bsed RED Capital Group's mortgage-banking arm ranked as the top originator for FHA/Ginnie Mae loans in 2012, providing 231 FHA loans totaling $2.176 billion.
Finance i Ohio Cooperative Business Services makes financing commitment to Central Ohio Cooperative Business Services on March 28 funded its 173rd loan in Central Ohio, boosting the company's portfolio in the Columbus market to more than $150 million advanced to small- and medium-sized businesses.
Finance N Illinois Love Funding closes $19 million refinancing loan for 250-unit apartment community in Illinois Love Funding recently closed a $19.8 million loan refinancing for Wingover Apartments, a market-rate apartment community in Bloomington, Ill.
Finance Q Kentucky Beech Street Capital closes $8.3 million loan for 286-unit multi-family property in Cincinnati MSA Beech Street Capital closed an $8.3 million Fannie Mae conventional loan for the acquisition of Walnut Creek apartments, a 286-unit multi-family property in Florence, Kentucky, a suburb in the Cincinnati MSA.
Finance v Wisconsin Arbor Commercial Funding provides seven loans for more than $27 million for multi-family properties in Iowa, Wisconsin and Michigan Arbor Commercial Funding recently funded seven loans totaling more than $27 million across Iowa, Michigan and Wisconsin.
Finance V Michigan Alliant Capital closes $4.95 million refinance loan for 224-unit multi-family community in Michigan Alliant Capital LLC on Feb. 7 closed a $4.95 million refinance loan on Green Acres Village Apartments, a 224-unit garden style multi-family property located in Saginaw, Mich.
Finance c Nebraska Omaha office of NorthMarq arranges refinancing for 108-unit multi-family property John Reed, senior vice president and senior director of NorthMarq's Omaha regional office, arranged first mortgage refinancing of $6.24 million for Amber Ridge Apartments, a 101,592-square-foot multi-family property in Fargo, N.D.
Finance Midwest MBA: Commercial and multi-family mortgage originations to hit $254 billion in 2013 In its second annual forecast of the commercial/multi-family real estate finance markets, the Mortgage Bankers Association (MBA) projects originations of commercial and multi-family mortgages will grow to $254 billion in 2013, an increase of 11 percent from 2012 volumes, and continue to rise to $289 billion in 2015. Originations of multi-family mortgages are forecast at $100 billion in 2013.
Finance i Ohio Bellwether Enterprise closes $20 million loan for refinance of Cleveland multi-family property Cleveland-based Bellwether Enterprise Real Estate Capital recently closed an FHA/HUD loan totaling $20.28 million for the refinance of a multi-family property in Cleveland.
Finance Midwest Walker & Dunlop originates more than $7 billion worth of loans in 2012 Walker & Dunlop originated $7.1 billion worth of loans in 2012, an increase of more than 76 percent from 2011.
Finance W Minnesota Grandbridge closes $13 million loan for medical office portfolio in Minneapolis/St. Paul Grandbridge Real Estate Capital recently closed a $13.1 million first mortgage loan secured by a three-building medical office portfolio located in Minneapolis/St. Paul.
Finance V Michigan Alliant Capital closes $5.9 million loan on 180-unit multi-family complex in Michigan Alliant Capital LLC recently closed a $5.9 million refinance loan on Hidden Lakes II Apartments, a 180-unit garden-style multi-family property in Kentwood, Mich.
Finance c Nebraska NorthMarq arranges $24 million refinancing for 480-unit multi-family community in Nebraska John Reed, senior vice president and managing director of NorthMarq’s Omaha regional office, arranged first-mortgage refinancing of $24 million for The Pointe and East Pointe Apartments, a 480-unit market-rate multi-family community in LaVista, Neb.
Finance W Minnesota Industry veteran joins Minneapolis' Dougherty & Company as senior vice president Minneapolis-based Dougherty & Company recently hired veteran investment banker David Mullen as a senior vice president in public finance.
Finance V Michigan Bernard Financial Group closes $4.85 million loan for student housing in Michigan Southfield, Mich.-based Bernard Financial Group recently arranged a $4.85 million loan for the Ann Arbor Student Housing Portfolio.
Finance W Minnesota Minneapolis' Dougherty Markets closes $2.5 million loan for 66-unit apartment property Minneapolis-based Dougherty Mortgage recently closed a $2.5 million loan for the acquisition of Bannock Arms Apartments, a 66-unit multi-family affordable housing property in Boise, Idaho.
Finance V Michigan Commercial real estate debt and the next fiscal cliff? While a majority of America is keenly aware of the housing bubble, and at least somewhat familiar with the unraveling of the European markets, little energy is being focused on what may very well be the nation’s next looming fiscal crisis: the large volume of commercial real estate debt maturing during the next seven years.
Finance W Minnesota Minneapolis' Oak Grove Capital Funding celebrates busy November Minneapolis-based Oak Grove Capital Funding originated a total of $183.27 million in financing between Nov. 1 and Nov. 20 of this year for affordable, market rate and seniors housing facilities across the country.
Finance W Minnesota Opus Development set to build first high-end residential rental building in downtown Minneapolis in three decades Opus Development Corporation announced in late November that the company's planned luxury high-rise apartment building, The Nic on Fifth, has closed on financing. Construction on the project will begin by the end of the month. The name reflects the development’s location on Nicollet Mall and 5th Street in downtown Minneapolis.
Finance W Minnesota U.S. Bank, Village Green provide financing for development of 254 luxury apartments in Minneapolis U.S. Bank and Village Green in mid-November closed a significant piece of financing for the development of the Soo Line Building in Minneapolis. The renovation of the historic office tower into the Soo Line Building City Apartments will bring 254 luxury apartments, a restaurant and gourmet market into the heart of the city.