Capital One Arranges $143M Loan for 51-Property Portfolio Play

A joint venture between Boston-based Taurus Investment Holdings and Venture One Real Estate secured $142.5 million in funding to acquire a portfolio of 51 Class B properties spread across Chicago submarkets in Illinois and Indiana. Capital One served as administrative agent, sole lead arranger, and sole bookrunner for the senior secured term loan. The facility consists of

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Milhaus Secures $320M for Four-State MF Portfolio

CBRE Capital Markets arranged the $320.5-million sale and recapitalization of Milhaus’s Urban Core Portfolio, a nine-property multifamily portfolio located in Indianapolis, Memphis, Oklahoma City and Cincinnati. Properties included: Indianapolis: – Artistry – 258 units – Mentor & Muse – 242 units – Mosaic – 54 units – Circa – 265 units – Mozzo – 65 units

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Banner Bank Promotes Jim McLean to Lead CRE Lending

Banner Bank promoted Jim McLean to EVP of its CRE lending division, and a member of  the bank’s executive management committee. McLean is filling the position vacated by Doug Bennett, who retired after more than 30 years with the Washington-chartered commercial bank. McLean now leads a team of nearly 80 employees throughout the Banner Bank’s

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Joint Venture Obtains $34M Refi for Delaney at Parkway Lakes

Blue Moon Capital Partners and partner Life Care Services (LCS) obtained $34 million in financing for Delaney at Parkway Lakes, a 207-unit senior housing complex in Richmond, TX on the Houston metro’s far west side. The financing, arranged by CIT Group Inc., will be used to refinance construction debt on the property. The recently-opened asset,

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Core Spaces, Goldman Sachs Partner on Student Housing Portfolio

Chicago-based Core Spaces is partnering with Goldman Sachs’ merchant banking division to recapitalize and develop a portfolio of nine student housing assets, valued at more than $600 million. The portfolio across six states includes seven operating assets and two buildings under development, under Core Spaces’ Hub on Campus, State on Campus and Collective brands. Goldman

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Local Multifamily Investment Group Acquires 22 Acres

Fulton Property Group LLC, a San Antonio multifamily investment company, acquired 22 acres on the south side of Alamo Ranch Parkway, between Lone Star and Alamo Parkways on San Antonio’s far west side. The buyer borrowed $30.7 million from Citizens Bank in Providence, RI to pay seller Eaton Development for the acreage. Fulton Property targets

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Two-State Storage Portfolio Lands $12M Refi

Chicago-based Alliant Credit Union closed on the refinance of a three-property self-storage portfolio in Evansville, IN and Pine Bluff, AR for $12.1 million.  The properties encompass 1,565 total units, including a mix of standard units, climate-controlled units and outdoor vehicle storage. Alliant was asked to structure these loans with the ability to earn out additional loan

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$113M Loan Funds EmeryStation West in Emeryville

Connect Direct-to-Consumer is coming up this month at San Jose’s Santana Row. Get more information and register for the September 26th event on this link. Barry Slatt Mortgage Company closed a $113-million permanent loan on EmeryStation West, an office property located in Emeryville, CA. The asset was financed with an aggressive long-term, interest-only, fixed-rate loan

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