freddie mac Archives

Capital One issues $2.6M Freddie Mac loan to refinance RV Park

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Capital One has provided a $2.625 million Freddie Mac fixed-rate loan to refinance Palm Drive Mobile Home and RV Park, a manufactured housing community (MHC) in Wickenburg, Arizona, part of the Phoenix MSA. Senior Vice President Chad Thomas Hagwood, head of Capital One Multifamily’s Birmingham, Alabama office, originated the transaction.  The borrowers have over 32… Read More →

West 35th Apartments sells for $8.8M

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, announced the sale of a highly renovated North Phoenix, 144 Unit, multifamily property – West 35th Apartments – for $8,820,500 or $61,253 Per Unit. West 35th Apartments was originally constructed 1983 and was highly renovated in 2011 and 2012.  The seller in this latest transaction… Read More →

P.B. Bell acquires The Boulevard in north Phoenix

The Boulevard - Exteriors (38), pb bell, web

The P.B. Bell Companies, a multifamily real estate development and management company, has acquired The Boulevard, a 294-unit apartment community in north Phoenix. P.B. Bell purchased the luxury apartment community, located near Bell Road and 7th Street, from Franktown, Colorado-based Slavin Residential for $33.5 million. CBRE Phoenix agents Sean Cunningham and Tyler Anderson brokered the… Read More →

Seeing green: Bank roles shift in real estate market

phx-skyline

Phoenix is a city of extremes, but lenders will see some balance in the market this year. There’s more capital flowing through the system than there was a year ago and, despite a slow recovery, Phoenix investors should find it easier to get loans in the market. “This is an exceptional time to acquire financing… Read More →

Walker & Dunlop finances $107M in Arizona properties

Brookwood Apartment Homes in Tucson, Ariz.

Walker & Dunlop, Inc. announced that it recently provided $107,130,323 for multifamily properties in Arizona. Brandon Harrington and Matt Steffen led the team that structured the $5.1M loan for Casa Maribela, a 191-unit fractured condominium building in Phoenix. The W&D team structured and closed the 5-year non-recourse CMBS loan 30 days after receiving the signed… Read More →

Shadow Mountain apartments sell for $27.2M

Crestone 2, CBRE, WEB

CBRE’s Capital Markets group announced today that it has secured financing on behalf of Real Estate Capital Partners (“RECP”) for the financing of Crestone at Shadow Mountain Apartments (“Crestone”). Brian Eisendrath with CBRE’s Debt and Structured Finance team arranged a 5-year, full term interest only fixed rate loan of $16,811,000 (60% LTC), which was locked… Read More →

Bill aims to create new housing-loan structure

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The top Democrat on the U.S. House Financial Services Committee on Thursday introduced a draft proposal to abolish Fannie Mae and Freddie Mac and create a new lender-owned cooperative that would issue government-backed loans. Representative Maxine Waters of California outlined a measure that challenges the more conservative approach of the panel’s chairman. Texas Republican Jeb… Read More →

NorthMarq Funds $16.64M Acquisition Financing for Clocktower Apartments

Clocktower, NorthMarq
by in Finance & RE Law

Luke Donahue, senior vice president/senior director and John Kinser, vice president of NorthMarq’s Phoenix regional office provided acquisition financing of $16.64M for Clocktower Apartments, a 195-unit multi-family apartment complex located 11600 SW 147th Terrace in Beaverton, Ore. NorthMarq Capital funded this financing for the borrower through its FHLMC seller/servicer platform. “NorthMarq financed the adjacent property… Read More →

Getting to know ‘Green Mortgages’

green-house
by in Featured | Green | Real Estate

The Energy Efficient Mortgage (EEM) is a relatively new home financing option that nearly every home buyer can take advantage of. Thousands of home buyers across the U.S. are recognizing the benefits that this new mortgage option provides. Recognizing the obvious benefits of having an energy efficient home, more and more home buyers are utilizing… Read More →

Getting to know 'Green Mortgages'

green-house
by in Featured | Green | Real Estate

The Energy Efficient Mortgage (EEM) is a relatively new home financing option that nearly every home buyer can take advantage of. Thousands of home buyers across the U.S. are recognizing the benefits that this new mortgage option provides. Recognizing the obvious benefits of having an energy efficient home, more and more home buyers are utilizing… Read More →

Homebuyers Bounce Back

homebuyers - Arizona Business Magazine May/June 2012

The rules have changed a bit, but it’s still a perfect time to purchase a home. If you have good credit and a good job history and can put money down for a house, it’s a great time to buy, say experts in real estate and finance. In fact, the sooner the better, because it… Read More →