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bridge-residential

Prudential Mortgage Capital Company provides $44 Million Loan for Charlotte Apartment Complex

Prudential Mortgage Capital Company today announced it provided a $44 million loan to a joint venture between Stockbridge Capital Group and TriBridge Residential to acquire Venue, a 366 unit luxury apartment complex in the Elizabeth neighborhood of Charlotte, NC.

Rising Mortgage Rates Could Stifle Homebuilder ETFs’ Rally

While homebuilder exchange traded funds have been rallying on a wave of new home buyers, the housing market and construction sector could begin to cool with mortgage rates spiking back up. Over the past …