Finance V Michigan
Cohen Financial, Pillar close loans for pair of seniors housing facilities in Michigan

Cohen Financial, Pillar close loans for pair of seniors housing facilities in Michigan

Cohen Financial, a division of SunTrust Bank and a national real estate capital services firm, announced today that Cathy Bronkema, Managing Director in the Grand Rapids office, has secured $11.585 million for two senior housing properties located in Michigan. Ms. Bronkema secured the fixed-rate, 35-year term loans with 35-year amortization schedules with HUD, working alongside Joshua Hausfeld, Managing Director of Pillar Seniors Housing & Healthcare Finance, a division of SunTrust Bank.

Finance X Missouri
Maverick Commercial Mortgage provides $5.4 million in financing for Missouri mobile home park

Maverick Commercial Mortgage provides $5.4 million in financing for Missouri mobile home park

Maverick Commercial Mortgage, a Chicago-based commercial mortgage banking firm, arranged both bridge and subsequent permanent financing in the amount of $5.4 million at a 10-year fixed rate from a national lender for JWW Robinland, LLC. The investment property, Ravinia Estates, is a 217-site 74-acre mobile home park located at 1103 Robindale Drive in Fenton, Missouri.

Finance N Illinois
Tax overall could mean big changes for developers working affordable housing, historic properties

Tax overall could mean big changes for developers working affordable housing, historic properties

For those concerned with recent proposals to overhaul the nation’s tax code, it can feel like they’re dealing with a giant pile of what-if and if-then scenarios. The proposals from the House and Senate aren’t winning over everyone, but do they ever? But within the tax bill lie a few key components that are important for the commercial real estate industry in Chicago. This includes changes to the New Markets Tax Credit program and the federal Historic Tax Credit program.