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- š° Connecticut Sees Major Multifamily Deal
š° Connecticut Sees Major Multifamily Deal
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š Data Point
$61M Construction Financing Secured for San Mateo Multifamily Build
Marcus & Millichapās IPA Capital Markets has arranged $61 million in construction financing for a mixed-use multifamily project in San Mateo, California. The development, backed by a national bank, will bring new housing units to a constrained Bay Area submarket. The financing package also includes future funding for tenant improvements and leasing commissions, showing investor confidence in urban infill projects with long-term rental demand.
š§ Market Watch
Connecticut Sees Major Multifamily Deal
FPA Multifamily, one of the countryās top apartment owners, has purchased nearly 700 units across four Connecticut townsāBristol, Groton, Norwich, and Wallingfordāfor $121 million. The properties have been rebranded under its ReNew banner, including ReNew Wallingford with 180 units and ReNew Groton with 205 units. Operating through Trinity Property Consultants, FPA plans upgrades to boost occupancy and revenue potential in stable suburban markets.
š§¾ Rule of the Day
Debt Yield
Debt Yield is a simple risk metric used by lenders to assess the income a property generates relative to the loan amount. It is calculated as:
Debt Yield = Net Operating Income Ć· Loan Amount
For example, a property with a $1 million NOI and a $10 million loan would have a debt yield of 10%. Higher debt yields are seen as less risky because they show stronger income relative to the debt.
š± Green Build
Heimstaden Bostadās Green Bonds Fund Sustainable Housing
Swedish real estate firm Heimstaden Bostad has issued green bonds to finance its sustainability-focused housing developments. These funds are directed toward projects that meet strict environmental standardsāincluding energy-efficient designs, low-carbon materials, and sustainable construction methods. The companyās approach serves as a model for real estate investors seeking both returns and measurable climate impact. Know more.
š Deal Radar
Des Moines, IA This property consists of nine two-story townhome units and is located just blocks away from Drake University. These large units also come with in-unit full-size washer and dryer. | Las Vegas, NV This is a large two-story complex housing 57 large 1BR/IBA and 2BR/2BA apartments. It is located across from Clark High School. Built in 1985, it was renovated in 2024. View the property | Albuquerque, NM This multi-family property has four units spread across two stories in townhouse style. Each unit has two bedrooms and one bathroom upstairs. Thereās a Ā½ bathroom and laundry room downstairs. |
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