LAFAYETTE, LA. — Walker & Dunlop has secured $18.98 million in financing for the 242-unit Ansley Walk Apartments, located at 401 Guidry Rd. in Lafayette. Stephen Farnsworth of Walker & Dunlop's New Orleans office arranged the 7-year loan with a 30-year amortization through Freddie Mac's CME program.
WEEHAWKEN, N.J. —Developers Lennar Urban and Roseland Property Co. have broken ground on a new phase of condominiums at Henley on Hudson at Port Imperial in Weehawken, N.J. The 36 new condo units, ranging in size from 912 to 1,722 square feet, will be completed by May 2013. When fully completed in 2015, the Henley on Hudson development will include 222 units.
WASHINGTON, D.C. — Centerline Capital Group has secured a $328 million Freddie Mac CME structure to finance a portfolio of eight multifamily properties in suburban Washington, D.C. The owner is DP Portfolio Investors, a joint venture between Pantzer Properties and Dune Real Estate Partners, which purchased the portfolio in early 2011. The properties total 2,580 units and are located in Alexandria, Ashburn, Herndon, Leesburg and Massas, Va., and in Gaithersburg and Germantown, Md. John Beam of Centerline's Atlanta office originated the transaction.
DANIA, FLA. — Shery Investments has purchased the 33-unit Royal Palm Apartments, located at 80-90 SW. 8th Ave. in Dania, for $1.2 million. John Crotty and David Metalonis of Colliers International's Fort Lauderdale, Fla., office represented the seller, a private lender, in the transaction.
BALTIMORE — Beech Street Capital has provided $40 million in financing for a three-property multifamily portfolio, with properties located in Baltimore, Glen Burnie and Essex, Md. The portfolio totals more than 1,200 units. Jacob Katz of Meridian Capital Group's Bethesda, Md., office secured the 10-year loan with a 30-year amortization schedule.
CHESTER, PENN. — TreeTop Development, a New Jersey-based real estate company, has purchased Benjamin Banneker Plaza, a 70-unit apartment complex in Chester, Penn. for an undisclosed amount. The seller was Apartment Investment and Management Co., a real estate investment trust. Andrew Daitch of Marcus & Millichap's Detroit office represented both parties in the transaction.
FORT WORTH — Huon Chhaou LP has sold the 54-unit Ridglea Square Apartments, located at 6020 Malvey Ave. in Fort Worth, to a local investor. The property was 88 percent leased at closing and will undergo interior and exterior renovations immediately. Boyan Radic and Mason Green of Marcus & Millichap's Fort Worth office represented both parties in the transaction.
MESA, ARIZ. – The 576-unit Aventerra at Dobson Ranch in Mesa has sold to Summit Aventerra LLC, an affiliated company of Summit Equity Investments Inc., for $29.1 million. The complex was built in 1980 and is currently 87 percent occupied. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Peter Stevens represented the seller, LNR Partners LLC, which acted as the special servicer after it retained the title to the property following a September 2010 foreclosure.
LOUISVILLE, COLO. – The 46-unit Balfour Cherrywood Village Memory Care facility in Louisville has received one of the nation’s first Fannie Mae DUS ARM 7-6 loans for $5,620,700. The non-recourse loan was provided to Balfour Senior Living by Red Mortgage Capital.
SANDY SPRINGS, GA. — A joint venture between Tribridge Residential and Stockbridge Capital Group has purchased the 298-unit Century Perimeter Park, located at 6210 Peachtree Dunwoody Rd. in Sandy Springs, from Centennial Holding Co. for $39.7 million. The property is located in the Perimeter Center submarket of Atlanta. Derrick Bloom, David Gutting, Vince Lefler and Porter Jones of Jones Lang LaSalle's Atlanta office represented the seller in the transaction.