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- 💰 $18.5M Refinancing Shows Confidence in Secondary Markets
💰 $18.5M Refinancing Shows Confidence in Secondary Markets
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📈 Data Point
$18.5M Refinancing Shows Confidence in Secondary Markets
Eastern Union has secured $18.5 million in refinancing for a 77-unit multifamily mixed-use project in Manchester, New Hampshire. The financing structure reflects lender confidence in secondary markets with strong occupancy rates and stable demand. This project includes residential and ground-floor retail, a model gaining traction in walkable neighborhoods outside major metros. Read more.
🧭 Market Watch
San Marcos, TX Sees Expansion with Railroad Lofts
Founders Development Company has announced a 351-unit multifamily project—Railroad Lofts—in San Marcos, Texas. Located between Austin and San Antonio, San Marcos is attracting residents priced out of larger cities but still seeking proximity to major job centers. The city’s population growth, improving infrastructure, and housing demand are fueling a wave of new construction.
🧾 Rule of the Day
Break-Even Occupancy Rate
Break-Even Occupancy Rate is the minimum occupancy a property must maintain to cover all operating expenses and debt service.
Formula:
(Operating Expenses + Debt Service) ÷ Gross Potential Income
If a property has fixed costs of $700,000 and could generate $1,000,000 in annual rent, the break-even rate is 70%. Below that point, the owner operates at a loss. It’s a useful measure for risk analysis.
🌱 Green Build
AI-Powered Efficiency Without Raising Rent
Be-Home’s new AI platform “Be-Belong” is helping multifamily owners increase Net Operating Income (NOI) by about $72,000 annually—without raising rents. The tool boosts energy efficiency, automates leasing and maintenance, and improves tenant satisfaction. By cutting utility waste and operational friction, mid-sized properties can stay competitive while keeping costs flat for residents. Know more.
🏘 Deal Radar
Paola, KS This mixed-use property has six residential units and two commercial units. It is located just off the Paola City Square and a 30-minute drive from downtown Olathe. | Chicago, IL Located just minutes from major shopping centers, this property is designed for young and affluent renters. Each unit has large floor plans with convenient amenities. | Washington, DC A brand-new property with 43 luxury units, and is located conveniently in Southeast DC. Every unit comes with upscale amenities, making it appealing to renters. |
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