Derry Apartment Complex Lands $143M Refi
The owner of a huge apartment complex in Derry has secured new debt. Makor Capital landed a $143.1 million refinancing from Fannie Mae for The Fairways, an 849-unit class B apartment complex located at 1 Forest Ridge Road. Commercial brokerage Newmark arranged the...Report: New Hampshire 12th Most Expensive State for Rent
New Hampshire is the 12th most expensive state to rent housing and Granite Staters must make about $27 an hour to comfortably afford a market-rate one-bedroom apartment, according to a national housing organization. The organization, the National Low Income Housing...
Demand for New Apartments Is There, But Not the Financing
New Hampshire’s multifamily market is showing distinct signs of a split personality. On the one hand, the vacancy rate for apartments remains at historic lows amid extraordinarily strong demand that’s recently driven rental prices relentlessly upward. Sounds like a...Lawmakers to Explore Private Funding Model for Affordable Housing
For developers of affordable housing, one problem often towers over the others: finding funding. By pledging to keep rents low, property owners may be providing needed opportunities. But that lower rent can mean lower returns, and a slimmer chance that lenders will...
Derry Apartment Complex Lands $143M Refi
The owner of a huge apartment complex in Derry has secured new debt. Makor Capital landed a $143.1 million refinancing from Fannie Mae for The Fairways, an 849-unit class B apartment complex located at 1 Forest Ridge Road. Commercial brokerage Newmark arranged the...This Week’s Paper: Digital Edition
