Bethesda, MD — Walker & Dunlop, Inc. structured financing for a portfolio of five affordable Freddie Mac loans totaling $42,390,000 on behalf of Stonebridge Global Partners, LLC (Stonebridge), an affordable housing owner and operator. The portfolio includes 680 units in five multifamily properties.
Two of the properties, Colonial Manor Apartments and Hay Creek Apartments, qualify as affordable housing due to Section 8 HAP contracts on 100% of the units. In addition, Hay Cr
Hatfield, PA — Meridian Capital Group, America’s most active dealmaker, negotiated $70 million in balance sheet financing to refinance Hatfield Village, a multifamily community in Hatfield, on behalf of Scully Company.
The seven-year, fixed-rate loan, provided by a local balance sheet lender, features a rate of 3.70% and two years of interest-only payments. This transaction was negotiated by Meridian senior vice presidents Russ Drebin, David Fisher, and Scott Jackson, who ar
Philadelphia, PA — Colliers International Capital Markets (CICM), a provider of commercial real estate finance and capital markets expertise, has arranged $28.078 million of debt for the refinance of Campus Heights Student Housing, serving the Penn State Harrisburg campus. Campus Heights consists of 111 units for a total of 444 beds. Kristopher Wood and John Banas, both senior vice presidents/directors in CICM’s Philadelphia office, arranged the loan.“The borrower wanted to t
No matter how savvy and experienced, lenders and other clients who provide commercial real estate financing often seem to get tied in knots when considering the mortgage financing of a ground lease or other leasehold interest. Key considerations may be overlooked in the process of analyzing and underwriting a potential credit. I often provide the list of points below to clients to consider when reviewing a leasehold financing opportunity. While the list is by no means all
Arlington, VA — Holliday Fenoglio Fowler, L.P. (HFF) has arranged $62.5 million in financing for the development of the leasehold interest in 1008 North Glebe, a to-be-built, 15-story, 267-unit, class A mixed-use apartment and retail property situated on Marymount University’s Ballston Center Campus in Arlington.
HFF worked on behalf of the developer, The Shooshan Company, to secure the construction financing with SunTrust Bank.
The Shooshan Company was selected by Ma