News:
Brokerage
Posted: April 11, 2011
Gillam of Arbor places five multifamily loans totaling $43.242 million
Arbor Commercial Funding, LLC has funded five multifamily loans totaling $43.242 million under the Fannie Mae DUS Loan and Fannie Mae DUS Small Loan product lines:
* Tustin portfolio: The three-building, 117-unit portfolio received $15.5 million.
* Tuscany Villas, West Covina: The 165-unit complex received $13.6 million.
* Bayside Terrace Apartments, San Pedro: The 99-unit complex received $9.6 million.
* Eddy St. Apartments, San Francisco: The 19-unit complex received $2.442 million.
* Sherman Grove Apartments, Sunland: The 71-unit complex received $2.1 million
The loans were originated by Greg Gillam, director, of Arbor's Manhattan Beach lending office.
"These loans are examples of Fannie Mae's effort to provide financing for well-maintained properties that provide affordable market-rate housing for the California rental market," Gillam said.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Quick Hits
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
