banks

It is part of a $138.7m financing package for Grand Heritage Hotel Group.

The managers are partnering to upgrade Eastchester Heights, a rent-stabilized property that is one of the largest residential communities in the Bronx.

A wave of venture capital investment, increased federal spending and tenant demand for high-quality space is putting the sector under the microscope.

Despite near-term concerns over rising property taxes and high crime rates, lenders see the Windy City as the Midwest’s once and future cultural, population and economic hub.

The company signed up its first clients in December.

The Minneapolis lender believes having a smaller number of clients with bigger relationships is the best way forward.

The firm also believes historic tax credits are an interesting way to finance the development of affordable housing.

The bank just closed its acquisition of Sabal Capital Partners, expanding its on- and off-balance sheet lending options.

The company has found that debt funds are providing more proceeds and better pricing.

A return to work could lead to a new lease on life for these properties.