Financing for The Alexander arranged by McBride Capital
September 18, 2019
McBride Capital arranges Freddie Mac financing for 879-unit multifamily portfolio
March 2, 2017
McBride Capital secures financing for The Bakery Blocks in Portland, OR
October 3, 2019
McBride Capital arranges acquisition financing for Curve Crest Apartments in Stillwater, MN
April 29, 2019
Acquisition financing for Curve Crest Apartments, a 90-unit partially affordable property in Stillwater, MN has funded. The development consists of 90 apartment units, 69 of which are restricted to households with incomes not exceeding 60% of the Area Median Income (AMI), while 21 are market rate units. The development is for general occupancy and there are no age or special population restrictions.
Dwight Capital, a top three HUD lender, provided the financing for this property via the FHA insured Section 223(f) program. The loan terms included a 35-year term, 35-year amortization, non-recourse loan with a 10-year step down prepayment schedule.
The deal team for this transaction was led by Ken McBride.