Capmark Financial News Today

A Boston nonprofit is battling in court with an investor that wants to sell off low-income housing for profit. It's a story that's playing out across the country.

NEW YORK, NY - Greystone Monticello announces Eric T. Baum has joined as Head of the Multifamily Bridge Sales Desk, working closely with the firms’ originators, including sizing, quoting, and issuing bridge loan applications. Formed in 2021, the Greystone Monticello joint venture provides a wide range of bridge financing options in the multifamily and seniors housing industries. Mr. Baum brings more than 25 years of experience in commercial real estate lending, management and credit...

Charles Clark moved to Boston’s South End when he was a young musician, just getting by. Forty years later, he lives in the same historic brownstone, even as rising wealth has pushed many people out of the neighborhood. He’s stayed thanks to a nonprofit that’s kept a few hundred apartments like his affordable. Tenants’ Development Corp. is one of the oldest groups of its kind in the nation, protecting the rights of renters — many of them families of color and seniors. But now, TDC and...