CONNEAUT, OHIO — Love Funding has secured a $6.51 million refinance loan for the 100-bed Villa at the Lake, an assisted living center located at 48 Parrish Rd. in Conneaut. Robert Smallwood of Love Funding's Cleveland office arranged the financing through HUD's 232/223(f) loan program.
SAVANNAH, GA. — Atlanta-based QR Capital has acquired the 144-unit Carriage House Apartments, located at 125 Tibet Ave. in Savannah, for $5.17 million. QR Capital plans to complete a $1 million renovation during the next year. Brian Moulder of Southeast Apartment Partners' Jacksonville, Fla., office represented the seller, a local owner, in the transaction.
TOLEDO, OHIO — McKinley has sold the 149-unit Executive Towers, located at 1920 Collingwood Blvd. in Toledo, for an undisclosed price. Amenities include a pool, fitness center and picnic area, The complex is fully leased. Hendricks & Partners was the broker for the transaction.
NEW YORK CITY — A 50-unit apartment building at 666 W. 162nd St. in New York City's Washington Heights neighborhood has been sold for $6 million. The 53,034-square-foot property features 50 residential units and one super's apartment unit. Robert Shapiro, Robert Knakal and Jonathan Hageman of New York City-based Massey Knakal handled the transaction for both parties.
WARREN, R.I. — NAI Hunneman has brokered the $3.85 million sale of the 63-unit Warren Apartments, a garden-style brick complex in Warren. Robert Tito of NAI Hunneman represented the seller, Warren Metacom, and procured the buyer, Diversified Funding.
PEACHTREE CITY AND TUCKER, GA. — Atlanta-based QR Capital has acquired two multifamily properties, the 180-unit Concord Village in Peachtree City and the 180-unit Gwinnett Station in Tucker, from Harmony Properties for $15.75 million. QR Capital plans to complete $2.3 million in renovations to the properties. Brad Simmel and Shea Campbell of CB Richard Ellis' Atlanta office represented the seller in the transaction. Richard Jordan and Matt Forgione of CBRE's Atlanta office secured debt financing through NXT Capital.
CLEARWATER, FLA. — Grandbridge Real Estate Capital has arranged a $4.5 first mortgage loan for a 171-site manufactured home community in Clearwater. Stephen Marshall and Todd Elkins of Grandbridge's Tampa, Fla., office arranged the 10-year loan with a 25-year amortization schedule through an insurance company.
LAFAYETTE, IND. — Marcus & Millichap has arranged the $1.1 million sale of the 40-unit Banstead Court Complex, located at 2100-2105 Banstead Ct. in Lafayette. Scott Harris of Marcus & Millichap's Oak Brook, Ill., office and Colin Atkinson of the firm's Indianiapolis office represented bother parties in the transaction.
NEW YORK CITY — New York City-based Massey Knakal has brokered the $7.8 million sale of a 15,000-square-foot apartment building, located at 156 Prince St. in New York City's SoHo neighborhood. Robert Burton of Massey Knakal brokered the transaction, along with Julie Weintraub and Lauren Schaffer of Prudential Douglas Elliman.
NEW YORK CITY — PCCP has offered $24 million in two loan structures to a private institutional investor for the refinance and construction completion of 155 Bay St. and 130 Bay St. Landing, two residential condominium properties totaling 153 units in Staten Island. Both properties are currently under construction.