KeyBank Community Development Lending and Investment (CDLI) announced that it provided $10.6 million to Rochester’s Cornerstone Group, Ltd. for the acquisition and rehabilitation of Silver Lake Meadows, a 52-unit, fully subsidized family project in rural Perry, NY.
Beacon Communities announced Justin Babineaux has joined Beacon as associate general counsel of Property Management.
Leading financial services provider Merchants Capital announced it has provided approximately $90 million in construction, permanent financing and LIHTC equity for the development of Solana Villas, a Federal LIHTC community to be built in Buckeye, AZ near Phoenix.
CREA, LLC welcomes Mindy Rex as managing director, originations.
USA Properties Fund announced it has started construction on Mainline North, an affordable apartment community in Santa Clara that will provide much-needed workforce housing and help transform the neighborhood near Levi’s Stadium.
Woda Cooper Companies, Inc. announced three updates in the company’s leadership.
Beacon Communities announced it has hired Christopher Reed as president of Beacon Residential Management, Beacon’s property management company.
FTK Construction Services has been awarded the contract for the rehabilitation of The Park at Humble Apartments.
The Community Builders (TCB) announced that Jesse Batus will serve as regional vice president for real estate development in New York/New Jersey.
Merchants Capital announced the firm has set a record-breaking year with its debt production, totaling approximately $1.3 billion in 2022.
For the fifth year in a row, law firm Tiber Hudson LLC has been named the No. 1 underwriter’s and bond purchaser’s counsel in the nation by Refinitiv, based on the number of multifamily bond issues closed in 2022.
Hunt Capital Partners, in collaboration with Lexton McDermott and the Kentro Group, announced the closing of $15.8 million in Federal LIHTC equity financing for the new construction of Krisana Apartments.