Kentucky

JLL Capital Markets Arranges Refinancing for 149-Unit Parkside Heights in Lexington, Kentucky

by Channing Hamilton August 28, 2024

LEXINGTON, KY. — JLL Capital Markets has arranged a Fannie Mae loan for the refinancing of Parkside Heights, a 149-unit community situated at 320 Hannah Todd Place in Lexington. The property was constructed on 9.4 acres between 2020 and 2022. Parkside Heights offers one-, two-, and three-bedroom apartments. Amenities include a fitness center, pool, clubhouse and on-site maintenance. The property also includes 255 parking spaces. Parkside Heights was 98 percent occupied at the time of sale. JLL worked on behalf of Arcadia Street Capital to originate the seven-year fixed rate, interest only loan. …

August 28, 2024

Investment Sales Kentucky News Southeast

Newmark Arranges $19.7 Million Sale of Triple Crown at Tates Creek in Lexington, Kentucky

by Channing Hamilton March 18, 2024

LEXINGTON, KY. — Newmark has negotiated the sale of Triple Crown at Tates Creek, a 228-unit property in Lexington. RFM Property Group purchased the garden-style community from Monument Capital Management for $19.7 million. The property was 94 percent occupied at the time of sale. Matt Newcomer of Newmark represented the seller in the deal. Additionally, Henry Stimler and Ricky Warner of Newmark arranged a $15 million Fannie Mae acquisition loan on behalf of the borrower.

March 18, 2024

Finance Kentucky News Southeast

Lument Provides $78.8 Million Refinance for The Hub in Bowling Green, Kentucky

by Channing Hamilton November 2, 2023

BOWLING GREEN, KY. — Lument has provided a $78.8 million loan through HUD’s 223(f) program for The Hub, a 590-unit community in the southern Kentucky city of Bowling Green. Ryan Duling of the company’s Columbus, Ohio office originated the financing, which was underwritten with a low fixed interest rate and a 25-basis-point mortgage insurance premium. The borrower was not disclosed. The Hub was built in 2020. The property offers 42 buildings surrounding a central park. Amenities include pickleball courts, a splash pad, pet park and resort-style pools with multiple pavilions and …

November 2, 2023

Finance Kentucky News Southeast

Greystone Brokers $42.3 Million in Financing for 800 Tower City Club Apartments in Louisville, Kentucky

by Channing Hamilton July 17, 2023

LOUISVILLE, KY. — Greystone has arranged a $42.3 million Fannie Mae Delegated Underwriting & Servicing loan for 800 Tower City Club Apartments in Louisville. The non-recourse, fixed-rate financing carries a ten-year term and 30-year amortization, with three years of interest-only payments. Anthony Cristi brokered the deal on behalf of 800 City Apartments LLC. The building rises 29 stories and offers studio, one- and two-bedroom units. The property was built in 1963.

July 17, 2023

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