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HFF announces $55M financing for 213-unit apartment building in Fairfax – Holliday Fenoglio Fowler L.P. (HFF) has announced $55 million in financing for Modera Fairfax Ridge, a 213-unit apartment building in Fairfax. HFF worked on behalf of the borrower, a joint venture.
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Republic Properties Breaks Ground On The Portals Apartments After Landing $170M Loan – a 373-unit apartment building at 1331 Maryland Ave. SW, the Washington Business Journal reports. The project will cost $220M and the building is expected to deliver in spring 2019. capitalsource and.
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Bloomfield Capital Provides $9.5 Million Mezzanine Construction Loan on a Midrise Apartment Building in Chicago – Bloomfield’s mezzanine loan will help facilitate the redevelopment of the former 4-story office building into an 8-story midrise mixed-use building with 100 luxury apartment units. mezzanine loan.
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The Ultimate Guide to Buying Apartment Buildings with. – Cash flow over 5 years was a total of $130,545 (after all expenses and my fees).That’s about $181 per unit per month. Cash flow was tight the first couple of years, but it picked up in the last 3 years (as we raised the average rent from $595 to $825).