Spyglass Purchase Receives $33M in Financing
DENVER—Centerline Capital Group of New York has provided $33 million for the acquisition of Spyglass Hill Apartments. The garden-style multifamily complex that includes a total of 573 units housed in 31 two- and three-story residential.
NEW YORK CITY—The appointee joins the firm’s multifamily finance team from Prudential Mortgage Capital Co.
NEW YORK CITY—The investor base for StepStone Real Estate Partners III includes institutions and high net worth individuals from across the globe, says real estate head Jeffrey Giller.
SAN DIEGO—Multifamily lenders need to keep an eye on income growth and factor it into their underwriting standards, in addition to being aware of decreasing affordability in the market, speakers at MBA’s CREF/Multifamily Housing Convention & Expo 2017 tell attendees.
Last week I ended my Rant with the warning that the left, and the kids being turned out of universities with the belief that they can yell and scream…