For the gold plated ULI less than 60 % LTV loan the spread dropped into the 1.2 s from the 1.3 range where it had been holding since late February, taking the implied rate for these core
institutional apartment loans down to 3.77 %.
Not exact matches
According to the ULI the Trepp rate is what large
institutional borrowers could expect to pay on a 10 year fixed rate, less than 60 % LTV
loan for a «crème de la crème» core
apartment property located in a gateway market.
Represented national developers in a land acquisition, life insurance company construction
loan and
institutional equity financing for a redevelopment of land in Washington, DC with a new mixed use
apartment community including 500 + rental units and ground floor retail.
Represented national developer in a financing transaction involving a construction
loan and
institutional equity from a California based pension fund for the development and construction of a 328 unit
apartment community in Tennessee.
Represented regional developer in the recapitalization and refinance of a 950 + unit
apartment community located in Maryland including redemption of existing
institutional equity partner, defeasance of a mortgage
loan and closing of a new mortgage
loan.