{"id":1004035569,"date":"2011-12-19T06:25:23","date_gmt":"2011-12-19T14:25:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004035185"},"modified":"2025-02-25T00:02:33","modified_gmt":"2025-02-25T08:02:33","slug":"refi-and-loan-roundup-66m-in-d-c-50m-in-vegas-70m-for-michigan-multi-family","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/refi-and-loan-roundup-66m-in-d-c-50m-in-vegas-70m-for-michigan-multi-family\/","title":{"rendered":"Developers Find Financing for Projects"},"content":{"rendered":"

December 19, 2011<\/b>
\nBy Nicholas Ziegler, News Editor<\/em><\/p>\n

$66M for D.C.\u2019s Highland Park Multi-Family<\/strong>
\n

\"\"<\/a>

D.C.'s Highland Park<\/p><\/div>
\nDonatelli Development, Gragg & Associates and a client of Invesco Real Estate have secured a $66 million fixed-rate loan for the first phase of Highland Park, a 229-unit apartment building in Washington, D.C. The loan, which was arranged by Cassidy Turley, came through Key Bank Real Estate Capital\u2019s Fannie Mae DUS platform.<\/p>\n

The building, which sits above the Columbia Heights Metro station at 14th and Irving Streets NW, was previously recapitalized by Cassidy for $122 million in December 2010 for Phase I, which was followed by a $26.1 million construction loan for Phase II in September of 2011.<\/p>\n

First-Mortgage Refi of $70M for Michigan\u2019s Aldingbrooke Apartments<\/p>\n

In a $70 million deal arranged by NorthMarq Capital\u2019s Charlotte and Chicago offices, Allerion Associates L.L.C. has found a refinancing for its first mortgage on the Aldingbrooke Apartments development in West Bloomfield, Mich. Financing was based on a 10-year term with a 30-year amortization schedule. NorthMarq created the arrangement through its seller-servicer relationship with Freddie Mac.<\/p>\n

Vestar, Rockwood Capital Secure $50M Loan for Vegas Retail<\/p>\n

Vestar, in a joint venture with Rockwood Capital L.L.C., has originated a $50 million loan to finance The District at Green Valley Ranch a 384,000-square-foot retail property just outside of Las Vegas. The financing, supplied by Wells Fargo, sits at a fixed 4.4 percent rate. The two companies paid $79 million for the District asset this past October<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Developers are finding ready financing for their projects, including $66 million for a D.C. multi-family, $50 million for Las Vegas retail and $70 million for a Michigan apartment complex. <\/p>\n","protected":false},"author":1201,"featured_media":1004038240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21783,13,21742,21749,1615,15],"tags":[],"class_list":["post-1004035569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-investment","category-midwest","category-latest","category-retail","category-washington-dc","category-west"],"acf":[],"yoast_head":"\nDevelopers Find Financing for Projects - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/refi-and-loan-roundup-66m-in-d-c-50m-in-vegas-70m-for-michigan-multi-family\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Developers Find Financing for Projects\" \/>\n<meta property=\"og:description\" content=\"Developers are finding ready financing for their projects, including $66 million for a D.C. multi-family, $50 million for Las Vegas retail and $70 million for a Michigan apartment complex.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/refi-and-loan-roundup-66m-in-d-c-50m-in-vegas-70m-for-michigan-multi-family\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-19T14:25:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-25T08:02:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/121911-Refi-Story-Highand-Park.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"550\" \/>\n\t<meta property=\"og:image:height\" content=\"367\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/refi-and-loan-roundup-66m-in-d-c-50m-in-vegas-70m-for-michigan-multi-family\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/refi-and-loan-roundup-66m-in-d-c-50m-in-vegas-70m-for-michigan-multi-family\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Developers Find Financing for Projects\",\"datePublished\":\"2011-12-19T14:25:23+00:00\",\"dateModified\":\"2025-02-25T08:02:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/refi-and-loan-roundup-66m-in-d-c-50m-in-vegas-70m-for-michigan-multi-family\\\/\"},\"wordCount\":260,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/refi-and-loan-roundup-66m-in-d-c-50m-in-vegas-70m-for-michigan-multi-family\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/12\\\/121911-Refi-Story-Highand-Park.jpg\",\"articleSection\":[\"Featured\",\"Finance\",\"Investment\",\"Midwest\",\"News\",\"Retail\",\"Washington D.C.\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/refi-and-loan-roundup-66m-in-d-c-50m-in-vegas-70m-for-michigan-multi-family\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/refi-and-loan-roundup-66m-in-d-c-50m-in-vegas-70m-for-michigan-multi-family\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/refi-and-loan-roundup-66m-in-d-c-50m-in-vegas-70m-for-michigan-multi-family\\\/\",\"name\":\"Developers Find Financing for Projects - 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