News:
Brokerage
Posted: May 7, 2019
Outside the Region: Juniper Capital negotiates $7.5 million Freddie Mac loan for Baltimore apartment complex
Baltimore, MD Juniper Capital closed a $7.5 million loan from Arbor Realty Trust for a 98-unit multifamily garden-style apartment complex. Jake Gluck, managing director of Juniper negotiated the deal.
The Freddie Mac loan features a 20-year term at 4.63% with three years IO. The borrower was also able to cash out a portion of their equity due to the value they added since purchasing the property a few years ago.
“The borrower, a local investor, capitalized on the recent drop in the treasury market to get an aggressive loan,” said Gluck. “Juniper’s market knowledge helped us identify the most aggressive lender for this deal.”
The borrowers plan to use the proceeds from this loan to further invest in the robust Maryland rental market that has seen recent growth
Tags:
Brokerage
MORE FROM Brokerage
Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
.gif)
August Promotion
