Loan Direct

Real Estate Investment

Kimco Realty | November 14, 2022

Kimco Realty® (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, and a growing portfolio of mixed-use assets, today announced it acquired a private, multi-generationally-owned portfolio of eight Long Island, NY shopping centers for $375.8 million. The acquisition was funded by the issuance of a combination of cash and redeemable units and the assumption of $88.8 million of 4.1% mortgage debt with a remaining term of a...

MarketWatch | January 30, 2020

Rents may be too damn high for apartment dwellers, but they look pretty weak for the rest of the U.S. commercial property market as prices skyrocket.That might not be a problem now, particularly as the Federal Reserve reaffirms its plan to keep rates low, its balance sheet available and credit spigots open.Yet analysts at BCA Research see potential trouble when the next downturn comes for office buildings, shopping centers and industrial properties that were purchased in the past decade at soari...

Real Estate Technology

Institutional Property Advisors | May 18, 2022

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Hudson on Farmer, a 171-unit boutique apartment asset in Downtown Tempe, Arizona. The property traded for $96 million, which represents $561,404 per unit. Hudson on Farmer is supported by a highly educated population of over 620,700 working professionals throughout 16 major employment corridors within a 10-mile radius. Tempe’s outstanding demographics include average an...

Multi Housing News | April 17, 2020

StoneRiver Co. has secured $27.4 million to acquire and renovate Rise at Signal Mountain, a 280-unit multifamily community in Chattanooga, Tenn. Hunt Real Estate Capital provided the 30-month non-resource interest-only first mortgage bridge loan with three extensions options. Located at 1185 Mountain Creek Road, the community comprises of 19 two- and three-story buildings and provides access to Highway 27. Developed in 1986, on a 42.9-acre site, the property is situated near schools, enter...