multifamily

The segment saw a surge of investment in 2021, which showed resilience during the pandemic and currently has the strongest occupancy of all property types.

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

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

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

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

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

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

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

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

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