Multifamily

The developer is building a 324-unit mid-rise luxury apartment community at Symphony Park in Las Vegas.

Development remained focused in the downtown/Montrose/River Oaks submarket as builders worked to meet demand in the dense urban core, while investment in the Fondren/Westbury submarket grows.

The loan is to MRP Realty for the first phase of Bryant Street.

Long-term sustainable demand and, as a result, resistance to market fluctuations creates a compelling investment opportunity at this current stage of the cycle.

“We've been hearing apartment building transaction volume in the city has slowed, which would make sense since potential buyers may be waiting for more certainty in order to figure out how best to price assets."

The investor picks up a development site for a 20-story, 204-unit apartment building at 6th and Olive in San Diego.

Extensia Financial closed nearly a dozen commercial loans in nine states in the first quarter.

Multifamily sales volumes totaled $650 million in the first quarter, an significant increase over the $229 million in sales activity in 1Q18.