Construction Maison

ClearWorth Capital has acquired The Hamptons, a 346- unit apartment complex in the Clear Lake area . Built from 1974 to 1976, the property at  16202 El Camino Real contains a mix of one, two, and three- bedroom floor plans , with an average unit size of 947 square feet . Photo: ClearWorth Capital / This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses." class="landscape" /> Las Brisas apartments in the Clear Lake area . The 202-unit complex, built in 1979, is located at 707 El Dorado Blvd . about a mile northwest of The Hamptons, a 347-unit complex also acquired by ClearWorth Capital. ClearWorth Capital is a partnership comprised of the principals of Dallas- based Seneca Investments , and Houston-based NOIPM ( NOI Property Management ). Photo: ClearWorth Capital / This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses....

Perryman Construction Management is building the 30-unit multi- family Hayspur development in Nampa. Photo courtesy of Mountain Peak Marketing " width="300" height="169" /> Perryman Construction Management is building the 30-unit multi- family Hayspur development in Nampa, shown here. Photo courtesy of Mountain Peak Marketing Apartment projects are going up across the Treasure Valley from Boise to Meridian to Nampa and to the next frontier in multi- family housing , Kuna. Some 2, 700 apartment units are in various stages of construction among those cities. Some are recently completed and some are being built in phases.  That is a stark contrast to the near zero multi- family construction in 2010 in metro Boise. Multi- family housing has evolved in the 21 st century, largely moving away from large buildings with hundreds of units. Locally, many developers have settled for the common denominator of sets of fourplexes with the occasional six-, eight- ...

Aug 16 (Reuters) - Marcus & Millichap Inc * Marcus & Millichap Inc says financing unit , has arranged $35.8 million in refinancing for Aurora apartments in Charlotte, North Carolina * Marcus & Millichap Inc - ‍loan was structured with an adjustable interest rate over a seven- year term amortized over 30 years​ Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles .

Las Vegas—The Bascom Group has acquired Eagle Crest Apartments , a 624-unt Class A garden- style community located at 5850 Sky Pointe Drive in Las Vegas. CBRE Group Inc. represented the seller in the transaction, and debt financing was provided by OneWest Bank and arranged by CBRE Capital Markets . Eagle Crest was built in two phases from 1996 to 1997, and consists of 42 two-story buildings on 31 acres. The 354, 000 square foot Centennial Hills Hospital is located less than three miles from Eagle Crest. The transaction was the 11 th apartment acquisition that Bascom has completed in 2013. “ Eagle Crest represents a great opportunity to acquire a well-maintained asset that has strong value-add potential in the amenities and interiors,” says Scott McClave, principal at Bascom. “This is our bread and butter, to purchase existing assets and upgrade the property to create an enhanced living situation for our residents.” Greystone provides $24.3M for luxe Louisiana rental Houma, La.—G...

CARY, NC -  Capstone Capital announces the recent financing of Amberton at Stonewater Apartments in Cary, NC. The 348- unit community qualified for a non-recourse, Fannie Mae loan program with a loan amount of $37,584,000 with 3 years of interest only at a rate of 4.49%.Construction of this property was completed in 2014 with 1, 2 and 3 bedroom units and many amenities. Jackson Howard represented the borrower through the completion of the financing. Howard states, “Roy Carroll and The Carroll Companies continue to build class A assets across the Carolinas. We are honored to assist in providing a grand total loan volume of $370,000,000 of optimal financing with maximum leverage to fuel this dominant leader in multifamily development”.  Capstone Capital is a seasoned group of commercial mortgage brokers who share a different view on the business. For us, the borrower is more valuable than the lender. We put our best resources in competition to secure the best...

PHOENIX, AZ - TSB Capital Advisors , the national leader in student housing real estate advisory services , successfully negotiated acquisition financing of Hill Country Place , a 228-unit, 696- bed student housing community serving the students of the University of Texas at San Antonio. The financing was arranged on behalf of a joint venture of University Student Living and Harrison Street Real Estate Capital .The seven-year, floating-rate loan was provided by Freddie Mac, through Walker & Dunlop. “The acquisition of Hill Country Place continues the existing partnership’s relationship while expanding the value- add acquisition platform of University Student Living and Harrison Street Real Estate Advisors ,” said Timothy S. Bradley of TSB Capital Advisors . Hill Country Place is a garden- style property located within a half-mile of the University of Texas at San Antonio campus . Built in 2008, the property features a mix of one-, two- and four- bedroom floor plans , as wel...

NEW YORK, NY -  Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing , and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it has provided an $11. 4 MM Fannie Mae DUS Choice refinancing for the Woodchase Apartments in St. Louis, Missouri. Woodchase Apartments is a garden style multifamily facility that was built in 1984 and comprises 17 two- and three- story residential buildings , and one single-story office/clubhouse.  The property consists of a total of 186 units, and the unit mix is made up of 92 one-bedroom and 48 two- bedroom apartments , and 18 one-bedroom and 28 two- bedroom townhome units .  The loan is a 10- year fixed rate facility with a 30- year amortization period . The portfolio was refinanced to secure a new low interest rate . Centerline is one of the nation’s leading Mortgage Banking institutions in the multif...

FT. LAUDERDALE, FL - ZOM Florida and The NRP Group recently celebrated the completion and grand opening of Monterra Apartments,  a workforce housing community in Cooper City, south Broward County , Florida. The new 300 unit community began pre -leasing in February 2012 and was 100% leased in April. The units will be 100% occupied in mid July. The property boasts a variety of spacious 1, 2 and 3- bedroom floor plans , featuring nine foot ceilings, and walk in closets. The centerpiece of the Monterra community is a large upscale clubhouse facility , which includes a swimming pool, clubroom with computer work stations , and a 24- hour fitness center . Additional project features include energy efficient appliance and lighting packages, a playground, a covered barbeque area , and a dog park. Project financing included approximately $26 million in NIBP bonds issued by the Florida Housing Finance Corporation , HOME loan funding , and additional loans provided under...

BRADENTON AND ST. PETERSBURG, FLA. — Goldman Sachs has provided $54.3 million in financing for two apartment communities in the Tampa Bay area. The properties include the 281- unit Fountain Lakes Apartments located at 5620 Fountain Lake Circle in Bradenton and the 276- unit Sienna Bay Apartments located at 10501 3rd St. in St. Petersburg. Mona Carlton, Elliott Throne and Matthew Sand of HFF arranged the two 10-year, fixed-rate loans through Goldman Sachs. The borrower, Beachwold Residential, will use the financing to retire existing bridge financing and return sponsor equity following a renovation/expansion program at both communities. Tagged loans

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