Construction Topped Off for Mixed-Use Development 57 Main
News Summary Procopio Companies has completed the structural framework for 57 Main in Marlborough, a six-story mixed-use development featuring 99 residential units and retail space. Scheduled to open in April 2026, 57 Main aims to meet the growing housing demand in the area while promoting community engagement through its landscaped courtyard adjacent to Union Park. […]
Clarke Inc. Executes $250 Million Refinancing and Asset Strategy
News Summary Clarke Inc. has implemented a $250 million refinancing and asset repurposing strategy to enhance financial flexibility. This initiative focuses on restructuring debt, including $115 million in term loans and $135 million in construction financing. By converting a hospitality asset to residential use, Clarke aims to improve liquidity and lower interest costs, thus securing […]
Cotati Hotel Project by Developer Ken Molinaro Set to Break Ground
News Summary The long-anticipated Cotati Hotel project, led by developer Ken Molinaro, is finally set to break ground after years of delays caused by financing, the COVID-19 pandemic, and rising costs. Located at 147 St. Joseph Way, this hotel will feature 153 rooms and various amenities, including a fitness center and a stage for live […]
San Jose Secures Financing for New Affordable Housing Complex
News Summary San Jose has secured financing for a new seven-story affordable housing complex near the future Little Portugal BART Station. This project will provide over 300 units for low-income families and individuals, marking a significant step in addressing the housing crisis. Developed by the Corporation for Better Housing and JSL Real Estate, the complex […]
Forman Capital Facilitates $20 Million Loan for TA Travel Center
News Summary Forman Capital has provided a $20 million bridge loan to support the redevelopment of the TA Travel Center in Robertsdale, Alabama. The funding will assist in transforming the former Oasis Travel Center into a modern facility with retail spaces, dining options, and comprehensive fueling services. With its strategic location and extensive amenities, the […]
Veterans Utilize VA Construction Loans for Dream Homes
News Summary With housing inventory at a low, veterans are seizing the opportunity to finance their dream homes through VA construction loans. These loans provide flexible financing options, offering benefits such as no down payment, absence of private mortgage insurance, and potential fee exemptions for disabled veterans. The process requires careful planning and documentation, including […]
Alliant Credit Union Achieves Record Growth in Mortgage Lending
News Summary Alliant Credit Union has experienced a remarkable increase in first mortgage originations, driven by its new direct lending program. With a significant uptick in loans originating from non-members, the credit union has solidified its approach to expand its mortgage production and cater to a wider audience. Strategic hiring and a focus on technology […]
Major Financing Secured for Luxurious Rosewood Residences in Dallas
News Summary University Place Asset Management and Axonic Capital have secured $97.5 million in financing for the Rosewood Residences Turtle Creek project in Dallas. This funding will refinance construction loans and provide capital for completion. The 17-story luxury condominium development features 33 units, high-end amenities, and is strategically located in the upscale Turtle Creek neighborhood. […]
First National Bank Alaska Shares Decline Ahead of Dividend Announcement
News Summary First National Bank Alaska is experiencing a decline in its share prices as the announcement of a $4.00 cash dividend approaches. The stock closed at $265.00 and opened at $257.01, with recent trades showing a price of $260.56. Despite these fluctuations, the bank’s financial metrics indicate stability, including a low debt-to-equity ratio and […]
Kennedy-Wilson Allocates $1.7 Billion Towards Rental Housing
News Summary Kennedy-Wilson has strategically allocated $1.7 billion, focusing predominantly on rental housing and debt reduction needs. With plans to expand its rental housing portfolio, the firm aims to increase its rental exposure to 80% over the next two years amid strong market growth. The company has also seen a considerable uptick in financial performance, […]