multifamily

Sponsors Baron Property Group and MG Developer are planning a mixed-use, apartment property slated for completion in Q2 2024. 

The bank is targeting financing for seven multifamily properties across 13 states backed by 12 banks and insurers.

The Austin manager focuses on first mortgages, B-notes, mezzanine and preferred equity in the $2m to $40m range.

Sponsors include Goldman Sachs AM, Domain Companies, Vorea Group and Mega Development

The 74-story mixed-use property will be the tallest building in Texas when it comes online in 2026.

The firm’s total construction lending this year tops $1.6bn. 

Sponsor Domain Companies is taking advantage of new zoning in the gentrifying Brooklyn neighborhood.

The borrower, Carter Multifamily, secured the floating-rate loans through Freddie Mac.

Lenders and borrowers are still making deals despite mounting concerns over the cost of capital and economic stagnation, according to George Smith Partners’ Gary Mozer.

Lenders in the sector are adapting to the dramatic pricing increases of the past six months.