Multifamily Housing

Square Mile originates $185m to refinance Moinian’s Miami multifamily asset

Loan will pay off construction debt on a Class A building inside Miami Worldcenter.

3650 REIT originates $76.5m Florida multifamily construction loan 

The financing was arranged on behalf of Royal Palm Companies, with a loan term of 36 months.

PNC, Goldman Sachs, Basis fund $317m financing package for New Jersey development

The financing will be used to launch development of a transit-oriented project in East Orange.

Borrower profile: Three Pillars talks squeamish lenders, rate caps dilemma  

The Houston-based firm recently refinanced debt on a $50m multifamily project.

Borrower profile: Jones Street eyes loan assumptions as lending market stalls 

Despite the slowdown in the lending market, the firm this month obtained a $36m loan for a Maine multifamily development.

Boston multifamily developer secures $180m in construction financing

Jones Street Investment Partners secured individual loans from Key Bank, Bangor Savings Bank and Berkshire Bank.

FHFA tapers 2023 multifamily loan purchase caps

Fannie, Freddie volume caps reduced from $78bn to $75bn.

Fitch sees stressed conditions for almost 25% of 2023 CMBS, agency maturities

The report identifies a $26.5bn loan cohort maturing by the end of next year.

PGIM Real Estate provides $1bn multifamily Fannie Mae financing 

The move marks PGIM’s largest transaction of the year.

Equity Residential steams ahead with $825m debt refinancing 

The apartment REIT has already lined up $350m to refinancing existing debt incurred as part of its 2012 acquisition of a 60% stake in Archstone.