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$2 Billion Construction Loan Originated for Utah AI Data Center

$2 Billion Construction Loan Originated for Utah AI Data Center

by Phil Hall | Mar 4, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

One of the largest construction loans in recent years has been arranged for a 100-acre artificial intelligence (AI) data center in Utah. The Wall Street Journal reports JPMorgan Chase and Starwood Property Trust are lending $2 billion for the data center campus in...
Equitable Bank Unveils Construction Loan for Canadian Homeowners Seeking Property Expansion

Equitable Bank Unveils Construction Loan for Canadian Homeowners Seeking Property Expansion

by Phil Hall | Aug 21, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Toronto-headquartered Equitable Bank is rolling out the Laneway House Mortgage, a construction loan designed to help Canadian homeowners finance the building of laneway homes or garden suites on their property. The new loan product will initially be available in the...
Alliant Credit Union Expands Mortgage Offerings

Alliant Credit Union Expands Mortgage Offerings

by Phil Hall | Dec 7, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alliant Credit Union, a Chicago-based institution with more than 800,000 members and more than $19 billion in assets, has expanded the mortgage product line-up for its membership. Alliant will now be providing three federal mortgages – FHA, VA and USDA – along with a...
$38.5 Million Construction Loan Closed for Brooklyn Apartment Project

$38.5 Million Construction Loan Closed for Brooklyn Apartment Project

by Phil Hall | Sep 25, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City-based Haussmann Development announced it has closed on a $38.5 million construction loan for 827 Sterling Place in the Crown Heights section of Brooklyn. The $55 million, seven-story project will feature 76 rental housing units, including 23 affordable...
JLL’s Capital Markets Arranges $750 Million Construction Loan for Mixed-Use Development Next to Harvard

JLL’s Capital Markets Arranges $750 Million Construction Loan for Mixed-Use Development Next to Harvard

by Phil Hall | Jun 22, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

JLL’s (NYSE:JLL) Capital Markets arranged a $750 million construction loan for the first phase of the Enterprise Research Campus, a 900,000-square-foot, mixed-use development adjacent to Harvard University in Allston, Massachusetts. According to the company, the...

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