Finance V Michigan Bernard Financial Group closes $7.36 million loan for medical office building in Detroit market Bernard Financial Group has closed a $7.36 million loan for the Five Pointes Medical office Building in Auburn Hills, Michigan.
Finance V Michigan Arbor Commercial Mortgage provides funding for six multifamly buildings across Michigan Arbor Commercial Mortgage recently funded six loans totaling $29.855 million across Michigan under the Fannie Mae DUS Small Loan, Freddie Mac Small Balance Loan and FHA 223(f) programs.
Finance i Ohio NorthMarq Capital provides funding of $1.425 million for 32,000-square-foot industrial property in Ohio Susan Branscome, senior vice president of NorthMarq Capital's Cincinnati office, arranged acquisition financing of $1.425 million for POWER Engineers, a 32,270-square-foot industrial property at 11733 Chesterdale Road in Springdale, Ohio.
Finance Midwest Where renters seek apartments, investors see money signs The commercial finance sector has had no issue lending to commercial real estate this year. Financing is very active today, according to finance professionals.
Finance O Indiana Indiana's Old National Bancorp elects new member of board of directors Evansville, Indiana's Old National Bancorp has named Katherine White to its corporate board of directors.
Finance O Indiana RED Capital Partners provides $173 million to refinance nine apartment communities RED Capital Partners and RED Mortgage Capital recently closed a $151 million Fannie Mae Credit Facility and a $21 million balance-sheet loan to refinance nine apartment communities for national apartment owner Klingbeil Multifamily Fund IV.
Finance X Missouri St. Louis' Midwest BankCentre hires VP of commercial lending Kirby Morris has joined St. Louis' Midwest BankCentre as vice president of commercial lending. He is based at the bank's WingHaven branch in O'Fallon, Missouri.
Finance Midwest Brennan Investment Group sells Chicago, Milwaukee industrial assets Brennan Investment Group, LLC has announced the sale of 3602 North Kennicott Avenue in Arlington Heights, Illinois, and two buildings in Pleasant Prairie, Wisconsin, located at 8100 & 8200 100th Street.
Finance W Minnesota Minneapolis' Dougherty Mortgage closes refinance loan for 208-unit apartment complex Minneapolis-based Dougherty Mortgage LLC recently closed a $7.7 million Fannie Mae loan for the refinance of Merritt Legacy Apartments in Leander, Texas.
Finance Midwest RealtyMogul.com makes pair of key hires Online real estate investing company RealtyMogul.com has made two key hires: Michael Sanchez and Charles Kim, both formerly with Colony Capital's commercial mortgage lending arm, have joined the company's commercial lending division.
Finance i Ohio Borrowers: Important considerations for debt capital decisions in 2015 and 2016 Commercial real estate and multi-family property owners manage all kinds of risks owning properties: tenants, municipality regulations, operating expenses and capital expenses. One of the biggest risks in managing a portfolio of properties is making sure the debt capital is right for properties.
Finance N Illinois Milwaukee's Wangard Partners names chief financial officer Beth Schumacher has joined Milwaukee's Wangard Partners as chief financial officer.
Finance Midwest Inland Securities announces nearly $300 million of capital raised in first quarter Inland Securities Corporation, the exclusive dealer manager and placement agent for real estate investment programs sponsored by Inland Real Estate Investment Corporation and Inland Private Capital Corporation (“IPCC”), announced that it has raised approximately $284 million of capital in the first quarter of 2015 for Inland Real Estate Income Trust, Inc., a public, non-listed REIT sponsored by Inland Investments, and private placements sponsored by IPCC.
Finance Midwest Arbor Commercial Funding named top small loan lender by Fannie Mae Arbor Commercial Funding has been named Fannie Mae's top small loan lender for its 2014 production.
Finance W Minnesota From the NHL to commercial real estate, NorthMarq's Dan Trebil still has that competitive spirit After graduating from the University of Minnesota, Dan Trebil pursued a career in the NHL, playing for Anaheim, Pittsburg and St. Louis before calling it quits. He then found commercial real estate, and he discovered that his new career offered its own rewards. Trebil, managing director of the Minneapolis office of NorthMarq Capital, recently spoke with Midwest Real Estate News about the challenges and rewards of building a career in commercial real estate.
Finance Midwest ING names managing director as it relaunches real estate lending operations Craig Bender is the new managing director with ING Real Estate Finance. He will lead ING's relaunch of its U.S. real estate lending operations.
Finance i Ohio Cleveland's Bellwether Enterprise becomes full DUS lender Cleveland's Bellwether Enterprise Real Estate Capital LLC is now a Fannie Mae Delegated Underwriting and Services -- DUS -- lender.
Finance N Illinois New managing director takes the reigns in Greystone's Chicago office Steve Cho has joined real estate lending, investment and advisory company Greystone as a managing director. Cho will be based out of the company's Chicago office, and will focus on building Greystone's CMBS presence.
Finance v Wisconsin Walker & Dunlop's Wisconsin team lends more than $1.3 billion in 2014 Walker & Dunlop, Inc.'s Wisconsin team originated 125 loans totaling more than $1.3 billion during 2014.
Finance P Kansas NorthMarq Capital provides $32 million of financing for 298-unit apartment complex in Overland Park Greg Duvall, senior vice president and managing director of NorthMarq Capital's Kansas City-based office, arranged acquisition financing of $32.6 million for Corbin Crossing Apartments, a 298-unit multi-family property in Overland Park, Kansas.