CIM Mortgage Trust , a direct lender that originates commercial real estate loans for projects in urban communities throughout the U.S., announced today that it has originated and placed a $68 million loan to fund the acquisition and repositioning of four properties located in Miami, Florida.
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.
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 …