Tara Capital bags multifamily loan amid tight lending climate

The Chetrit Group sold a 158-unit multifamily property in the Jersey suburb after facing a lawsuit from its lender who alleged the family firm defaulted on its loan. The former [...]

Tara Capital has secured a $55.5 million loan to revamp its largest multifamily property. Miami-based BridgeInvest provided the loan, earmarked for renovation of the 810-unit Park on Voss, at 2424 [...]

BridgeInvest supplied the floating-rate loan on Tara Capital’s newly acquired Park on Voss property in Houston’s Westchase neighborhood. Tara Capital purchased the 610,950-square-foot complex from Barvin Capital for $63 million, with total project costs estimated [...]

“Traditionally, it's the exact opposite. Traditionally, it’s much safer to build multifamily than condo,” said Jon Gitman, partner at Miami-based lender BridgeInvest. ”But sitting here in today's market, with the cost [...]

“South Florida’s demand and rent dynamic are the best in the country, period,” said David Lynd, CEO of apartments developer and investor The Lynd Group. “But that has nothing to [...]

The well-documented woes facing small US regional banks in the commercial sector show little sign of easing, a trend that’s likely to see consolidation and a further swing towards lenders [...]