REAL ESTATE INVESTMENT
Axylyum | September 13, 2021
CRE Financial Firm, Axylyum Charter recently announced that they have joined the American Association of Private Lenders. The oldest national organization representing the private real estate and peer-to-peer lending industry, AAPL's members include private money lenders, mortgage fund managers, brokers and service providers from around the United States.
"We are very pleased to have joined such an important industry organization. The team at Axylyum believe very strongly in AAPL's core values and appreciate all that they do for the private lending space. We are looking forward to fostering this relationship and utilizing AAPL's member resources to better support our growing base," said Steven Amshen, general counsel at Axylyum.
Axylyum Charter was founded in early 2021 with the purpose of disrupting the distressed mortgage industry. The firm is a market creator and leader in providing portfolio-wide secure engagement options to Retail and Wholesale Lenders that allow for an immediate repurchase of Lenders' defaulted loans. Through their exclusive product, AXY Wrap™, Axylyum offers a secure guarantee on the performance of asset-based non-owner-occupied loans through portfolio-wide engagement pricing.
"The American Association of Private Lenders is pleased to have Axylyum join us as a service provider member. We look forward to supporting Axylyum as we do all our members through education, ethics, and advocacy," said Linda Hyde, managing director of AAPL.
Axylyum Charter focuses on acquisition of defaulted asset backed non-owner-occupied loans through portfolio wide engagement guarantees to non-traditional lenders. The goal of the organization is to disrupt the distressed mortgage-backed asset space by executing their litigation-driven equity capture position in high value markets.
prnewswire | October 01, 2020
LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, today announced the start of preleasing at Odin, a contemporary mixed-use apartment community in the increasingly popular Northeast neighborhood of Minneapolis. Odin, which features 335 apartment homes and nearly 8,000 square feet of retail space, includes a 12-story high-rise and five-story midrise building in a highly walkable and bikeable downtown locale. The community is equipped with work-from-home spaces as part of plush array of common-area amenities, including a flexible lounge to cater to the ever-prominent remote worker. Odin offers virtual leasing options and will welcome its first residents in the fall.
REAL ESTATE INVESTMENT
Walker & Dunlop | January 24, 2022
Walker & Dunlop, Inc. announced today that it facilitated the $156,000,000 sale and $91,260,000 financing of Volta on Pine , a 271-unit, core multifamily property with 1,300 square feet of ground floor retail space in the heart of Downtown Long Beach, California. Historically tied to aviation since the days of Amelia Earhart's 1920s explorations, Long Beach is now coined "Space Beach" and is rapidly becoming the epicenter of the aerospace industry. Startups including SpinLaunch, Rocket Lab, and Relativity Space have chosen the area as their headquarters since 2019, providing for a highly active job market in Long Beach.
Volta on Pine will benefit from the recent uptick in Long Beach's booming job market and provide commuting renters with access to the approximately 950,000 jobs offered throughout Long Beach, Beach Cities, Downtown LA, and Irvine. Delivered in early 2021, the property is a collaboration between North America Sekisui House ("NASH") Holland JV and MVE + Partners Architects, which both have an expansive presence primarily in the Western Region's high-growth markets.
Walker & Dunlop's Blake A. Rogers, Alexandra Caniglia, Kevin Sheehan, Hunter Combs, and Javier Rivera represented the sellers, Holland Partner Group and NASH and in the disposition to the buyer, Gelt, Inc. Mark Grace, John Montakab, and Trevor Fase arranged the financing from Nuveen on behalf of Gelt.
Volta on Pine is ideally situated in the heart of Long Beach's Downtown, offering residents access to shopping destinations, world-class restaurants, breweries, and various grocery stores. Local attractions also include the Aquarium of the Pacific, Long Beach Convention & Entertainment Center, Long Beach Jazz Festival, Museum of Latin American Art (MOLAA), Lions Lighthouse, and the Long Beach Grand Prix. The property's outstanding community amenities include a rooftop terrace with ocean views and barbecue stations, executive meeting rooms, a 24-hour state-of-the-art fitness center, sky lounge, pool, and spa. The apartment homes feature best-in-class luxury interior features, including gourmet chef's kitchens with stainless steel appliances, quartz countertops, spa-inspired bathrooms, and spacious bedrooms.
Walker & Dunlop is a leader in multifamily property sales, having completed $10 billion in volume from the first through third quarters of 2021, up 203% from the same period in 2020. In Los Angeles County alone, the team completed sales of over $1 billion with a total of 17 transactions in in 2021. The firm was also the top provider of capital to the U.S. multifamily market, originating $31 billion in transactions and lending over $24 billion for multifamily properties in 2020.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is the largest provider of capital to the multifamily industry in the United States and the fourth largest lender on all commercial real estate including industrial, office, retail, and hospitality. Walker & Dunlop enables real estate owners and operators to bring their visions of communities — where Americans live, work, shop and play — to life. The power of our people, premier brand, and industry-leading technology make us more insightful and valuable to our clients, providing an unmatched experience every step of the way.