ARCHIVE - Tag: Opportunity Zones
Summit Apartments in Richmond, Virginia

The Summit Apartments – Richmond, Virginia

John B. Levy & Company is pleased to announce it successfully raised both equity and debt in Opportunity Zone financing for The Summit Apartments – 166 to-be-built multifamily units located in Scott’s Addition, Richmond, Virginia.

Working with the sponsor, John B. Levy & Company customized the equity stack, allowing for the sponsor to meet certain idiosyncratic requirements and close out the equity demands of the property.


Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

Like the 1972 hit song by Paul and Linda McCartney and sung by Wings, most in commercial real estate spent last year worried about how rising interest rates were going to get “Hi, Hi, Hi.” Now, the fear of higher rates has been replaced with lingering anxiety that the current economic expansion can’t last forever.

Overall rates are up from last month and are currently in the 4.25 percent to 4.45 percent range for 5- and 10-year loans offered by life insurance companies,


Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

With the threat of fallout from Brexit, tariffs looming and interest rates rising, where should you put your money?

The answer for many today is into federal opportunity zone funds, which were created in last year’s federal tax overhaul.

A recently published directory of funds tracked by commercial real estate analytics company CoStar Group Inc. shows more than 110 funds taking money in and targeting qualified opportunity zone investments.


Richmond, Va. – “It’s Christmas in November,” according to the John B. Levy & Company Investor Conference which attracted 200 commercial real estate professionals to Richmond’s Jefferson Hotel. The annual conference was once again hosted by John B. Levy & Company, a firm nationally recognized for its position in commercial real estate, including its quarterly indexes of first mortgage and high-yield debt and its activity in the debt and equity markets.