Berkeley Point Capital provides $63M in multifamily financing
Berkeley Point Capital Provides $49.7 Million in Acquisition Financing for Foothill Place Apartments May 31, 2013 BETHESDA, MD – Berkeley Point Capital LLC recently closed a $49,680,000 loan for the acquisition of Foothill Place Apartments, a 450-unit garden-style, class-B+, apartment community located in Salt Lake City, UT.
Law firm files suit for BofA homeowners seeking modifications Freddie Mac and Florida foreclosure law firm part ways · Freddie Mac Requires New Affidavit in Hope of combating short sale fraud – Read the asset protection legal blogs that have been posted by Attorneys on Lawyers.comAttorney General Eric Holder and Associate Attorney General Tony West announced today that the Department of Justice has reached a $16.65 billion settlement with Bank of America Corporation – the largest civil settlement with a single entity in American history – to resolve federal and state claims against Bank of America and its former and current subsidiaries, including Countrywide.
Company Takes Minority Stake in a New Real Estate Finance and Investment Business BGC Also Closes Debt Financing of $975 Million BGC Partners, Inc. (NASDAQ: BGCP) (" BGC Partners ", "BGC", or the "Company"), a leading global brokerage company servicing the financial and real estate markets, announced today that it has completed the previously announced acquisition of Berkeley Point Financial.
Berkeley Point Provides $63M in Financing for the Acquisition of Multiple Apartment Communities, TX December 16, 2013 Bethesda, MD – Berkeley Point recently facilitated $63MM+ in acquisition financing for three apartment communities, Carrington Place, Carrington at Champion Forest, and Carrington Park at Huffmeister.
WASHINGTON – The Mortgage bankers association unveiled a new housing finance reform. both single- and multifamily approaches for homeowners and renters,” said Mike May, executive managing director.
In the latter transaction, BGC will own about 27 percent of the new entity, currently designated as CF Real Estate Finance Holdings. combination of Berkeley Point, a top five GSE multifamily lender.
Berkeley Point Capital has provided Starwood Capital Group with $2.22 billion in acquisition financing as part of Starwood Capital Group’s purchase of Milestone Apartments Real Estate Investment.
Property Description: 260-unit, three-story apartment complex, 258,980 sf, YOC. Sales Price: $63M, or $242,308 per unit. Financing: Subject to $33.08M in two notes payable to Berkeley Point Capital LLC. Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants.
Ally Financial, formerly GMAC Mortgage, suspends foreclosures in 23 states The legal predicament compelled Ally Financial, the nation’s fourth-largest home lender, to halt evictions of homeowners in 23 states this week. after inquiries from The Washington Post that they.CFPB Director Cordray talks HMDA exemptions and more This week, CFPB Director Cordray responded to the letter. Following the CUNA governmental affairs conference, 329 members of the House of Representatives sent a letter organized by CUNA and the leagues to the CFPB encouraging the bureau to use its statutory exemption authority to better tailor its regulations to reduce impact on credit unions.
Teen sentenced to life in classmate’s beheadingBerkeley Point Capital provides $63M in multifamily financing financing for the multifamily market, supports affordable multifamily housing by providing financing for acquisition or refinance of individual properties or groups of properties. Furthermore, Fannie Mae provides this financing through.
Monday Morning Cup of Coffee: Low-down loans coming back Student Loan Payment: $0 (My parents paid for my schooling. my user stories with feedback discussions in between. It’s a busy morning. I get a cup of cafe mocha from the new coffee machine and.
"At some point, private equity needs to sell things," Ross said. "We are not running away from the mortgage space." WL Ross still has stakes in Berkeley Point Capital, a multifamily mortgage..
Mortgage delinquency rate drops 18.4% annually: LPS That represents a 10.6 percent decline over the past year and a 2.3 percent drop from the July figure. Delinquent mortgages in the LPS survey include loans that are at least 30 days past due but not in foreclosure. Meanwhile, the national foreclosure rate fell to 4.04 percent, representing 2.02 million homes in foreclosure but not yet repossessed.