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House on stack of currency.
More than $957bn of loans are slated to mature before year-end, leading a multifamily specialist to shake up the way it lends to fuel refinancings.
MonticelloAM's Matthew Lark and Joseph Borenstein
The senior housing and multifamily bridge lender originated a $455m refinancing component and a $15m working capital line as part of the deal.
Slate Property Group's Daniel Ridloff and Martin Nussbaum in front of a Miami development rendering.
The financing will be used by Namdar Group to fund support construction and leasing for a pair of 43-story multifamily buildings in downtown Miami.
The venture is now expanding its footprint into the industrial and car wash sectors.
Dinham bridge over the River Teme with Ludlow castle behind in the town of Ludlow, Shropshire UK in Landscape orientation
The alternative lender is updating its bridge program to tap into more mid-market opportunities for stabilized and near-stabilized assets.
An image showing bridge lending.
Debt managers have identified a niche in last-mile multifamily bridge loans.
The floating-rate loan will allow the sponsor to complete lease up.
Panoramic modern architecture in Miami downtown, Florida. Miami skyline panoramic view. Aerial view of cityscape with skyscraper in Brickell Key, United States. Downtown Brickell Miami.
The fresh round of financing will see Flow and Yellowstone Trust added as majority owners of the Brickell-area mega-development formerly spearheaded by Chetrit Group.

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