Kushner Companies closed on its purchase of a $1.1 billion portfolio of Mid-Atlantic apartment buildings with financing from Warren Buffett’s commercial lending company, according to sources. Berkadia.
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RESTON, VA-Woodfield Development has secured a construction loan through PCCP, LLC and joint venture equity from German American Realty for a 306-unit multifamily housing community here. “This project.
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The Rosa de Castilla apartments received $12 million in HHH funds, HCID data shows. An additional 21 projects have secured.
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Last year, many banks cut back on how much they were willing to lend on new projects.
The developer of a 280-unit apartment complex in Miramar scored a $42 million U.S. Housing and Urban Development loan to start construction. New York-based Hunt Real Estate Capital provided the HUD.
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Omari noted that high living costs have decreased people’s purchasing power, besides the increase of interest rate on housing.