Tag: Commercial Real Estate

Draper and Kramer’s Commercial Finance Group Closes $9.01 Million HUD Refinance Loan for Sunnyvale Village Rental Community in Nampa, Idaho

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Draper and Kramer, Incorporated, a national full-service real estate firm, today announced a team led by Vice President Michael Slonim of Draper and Kramer’s Commercial Finance Group (CFG) has closed a $9.01 million 223(f) HUD refinance loan on behalf of Providence Holdings, LLC  for Sunnyvale Village, a recently constructed multifamily rental community at 15680 N. Draycot Lane in Nampa, Idaho. Draper and Kramer, which holds the oldest active … Continued

Draper and Kramer Arranges $54 Million Non-Recourse Refinance Loan for 440-Unit Prairie Point and The Reserve at Prairie Point Apartments in Merrillville, Ind.

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CHICAGO (April 6, 2023) — Draper and Kramer, Incorporated, a national full-service real estate firm, today announced a team led by Vice President Mark Perkowski of Draper and Kramer’s Commercial Finance Group (CFG) has arranged a $54 million loan on behalf of Weiss Entities for Prairie Point and The Reserve at Prairie Point Apartments, a 440-unit luxury apartment community in Merrillville, … Continued

Commercial Finance Group Arranges $14.875 Million Non-Recourse Student Housing Refinance and Construction Loan

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Draper and Kramer, Incorporated, a national full-service real estate firm, today announced a team led by Senior Vice President Matthew Wurtzebach of Draper and Kramer’s Commercial Finance Group (CFG) has arranged a $14.875 million non-recourse refinance and construction loan on behalf of 100 McKnight, LLC for The Park at Constitution Trail Centre, a three-phase student housing community at 120 … Continued

Commercial Finance Group Arranges $114 Million in Construction and Refi Loans for Two Tandem Development Projects in Chicago

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Draper and Kramer, Incorporated, a national full-service real estate firm, today announced a team led by Matt Wurtzebach, senior vice president with Draper and Kramer’s Commercial Finance Group (CFG), has arranged $114 million in construction and refinance loans on behalf of client Tandem Development for two mixed-use properties in Chicago’s West Loop and River West. The … Continued

Commercial Finance Veteran Suzanne Weiss Joins Draper and Kramer as Senior Vice President, Commercial Mortgage Servicing, in Commercial Finance Group

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Draper and Kramer, Incorporated, a national full-service real estate firm, is pleased to announce it has named Suzanne Weiss as senior vice president, commercial mortgage servicing, for its Commercial Finance Group. A commercial finance veteran with nearly 30 years of experience, Weiss will oversee a group of five other servicers and have primary responsibility for … Continued

30-Year Industry Veteran Jeffrey Ross Joins Draper and Kramer as Senior Vice President for FHA/HUD Lending

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Draper and Kramer, Incorporated, a national full-service real estate firm, is pleased to announce it has named Jeffrey Ross as senior vice president and chief underwriter for Federal Housing Administration/Housing and Urban Development financing in Draper and Kramer’s Commercial Finance Group. A 30-year veteran of the commercial real estate industry, Ross will be responsible for … Continued

Commercial Finance Group Closes $100+ Million in Loans for 3 Midwest CRE Portfolios

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Draper and Kramer, Incorporated, today announced the company’s Commercial Finance Group (CFG) closed $100 million-plus in loans for three commercial real estate portfolios comprising more than 3.7 million square feet in assets throughout the Midwest. The loans included the refinance of an eight-building industrial portfolio in the greater Milwaukee area; an acquisition loan for a … Continued

Draper and Kramer Hires Jacob Vial as SVP for FHA/HUD Lending

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Draper and Kramer, Incorporated, a national full-service real estate firm, is pleased to announce Jacob Vial has been hired as senior vice president in the company’s Commercial Finance Group, overseeing Federal Housing Administration/Housing and Urban Development lending for multifamily and senior housing properties. Based out of the firm’s Chicago headquarters, he will serve as chief … Continued

Draper and Kramer Welcomes City of Chicago’s First Culver’s at Lake Meadows Market

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Full-service real estate firm Draper and Kramer, Incorporated, is proud to announce its Lake Meadows Market retail center in Chicago’s Bronzeville neighborhood is home to the City of Chicago’s first Culver’s. The restaurant’s grand opening was celebrated during a Jan. 23 ribbon-cutting with franchise owner Baron Waller, Culver’s Co-Founder Craig Culver, Culver’s President and CEO … Continued

Draper and Kramer Commercial Finance Division Closes $250M in FHA/HUD Loans During First Half of 2017

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Chicago-based Draper and Kramer, Incorporated, one of the leading privately held, full-service real estate firms in the United States, announced its commercial finance division closed 17 Federal Housing Administration/Department of Housing and Urban Development loans totaling more than $250 million during the first half of 2017.     Draper and Kramer’s experience as an FHA-approved lender dates back to 1937, when it was awarded one of the first FHA … Continued