Berkadia announced the recapitalization of Enclave at 127th, a 340-unit value-add apartment community in Plainfield, Illinois. The transaction was led by Senior Managing Directors Gordon Reynolds and Brian Myers and Vice President Conner Adkins of Berkadia Strategic Capital, in collaboration with Senior Managing Director Pete Evans, Senior Director Richard Evans, and Associate Director Brad Mori…
Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments, a 162-unit multifamily community in Sumner, Washington. Delivered in 2024 by the sponsor, Sumner Mill Apartments is a 3.89-acre garden-style community located at 5816 162nd Avenue East with a mix of studio, one-bedroom and two-bedroom apartment…
US Senate passes sweeping Russia energy sanctions, next stop US House Senate Advances Russia and Iran Sanctions Legislation By Patricia Zengerle WASHINGTON, Aug 7 (Reuters) – The U.S. Senate easily passed sweeping Russia sanctions legislation on Friday, advancing a long-delayed measure backed by the late Senator Lindsey Graham and setting the stage for consideration by…
By Nojoud Al Mallees (Bloomberg) — The Canadian economy added a surprise 75,100 jobs last month while the unemployment rate hit its lowest level in two years — the latest evidence the economy is on a recovery path. The jobless rate edged down to 6.4% in July from 6.5% the previous month, Statistics Canada reported…
Just when it seemed that Kevin Warsh’s job was difficult enough, the July jobs report, released on Aug. 7, added another layer of complexity, and it could complicate the outlook for the stock market, too. The new Federal Reserve chair took his position in May of this year amid elevated and persistent inflation. After spiking…
Federal Housing Finance Agency Director Bill Pulte has turned his attention back to using Fannie Mae and Freddie Mac to exert pressure on homebuilders. Processing Content Pulte said in a social media post that his current concern is an Evercore report that build-to-order companies have moved back away from serving first-time buyers. “Keeping a close eye…
NatWest has amended its mortgage pricing with reductions for new business and a mix of changes for additional borrowing and further advance mortgages. Cuts of up to 0.22% have been made across its new business mortgage rates, such as the two-year fixed purchase at 60% loan to value (LTV) with no fee, which has been…
Cotton futures are trading with gains of 86 to 99 points at Friday’s midday. Crude oil is up $1.21 per barrel, with the US dollar index $0.388 lower. Export Sales data updated on Thursday showed old crop cotton commitments at 11.976 million RB as we rounded out the marketing year. That was 1% above the…
Santander is cutting 230 rates by up to 25 basis points on Tuesday across both residential and buy-to-let products. It follows previous rate cut announcements by NatWest this morning and by Nationwide, Barclays and others earlier this week. Yet Halifax was one of a number of lenders to increase rates. Among the biggest cuts at…
A UC San Diego study found tear-duct cases using the headset took less time and felt less demanding to surgeons. Researchers say larger trials are still needed.