What happened, and who moved.
Vantage Communities has secured $103 million in bridge debt to refinance a three-property, 864-unit multifamily portfolio in three cities in Texas, Commercial Observer can first report. Benefit Street Partners provided the debt, which will finance the property toward full stabilization and is structured as a…
Francis Property Management inked a $68.7 million refinancing on three Texas multifamily communities. Northmarq’s Debt + Equity deal team led by Taylor Francis, along with David Blum, Joe Giordani, Charlie Buckingham and Matt Radich arranged the permanent fixed-rate financing for the three-property Class A…
Coastland Residential has nabbed a $84.5 million construction loan for a multifamily development near Tropical Park in southwest Miami-Dade County. The debt from PNC Bank covers the Vybe 75, which will house 366 apartments and 5,000 square feet of ground-floor retail space. The eight-story development at 4383…
A joint venture between Spitzer Enterprises and Arden Group has sealed $109.5 million of permanent financing for a newly-built multifamily tower in Jersey City, Commercial Observer can first report. Northwestern Mutual supplied the loan to retire construction debt following the lease-up and stabilization of…
The affordable housing development push continues in New York City. The Domain Companies has secured $175 million in construction financing to build Elara, a two-building, 429-unit mixed-income housing development in the historic Astoria neighborhood of Queens, Commercial Observer can first report. Wells Fargo…
Ontario new-home sales ticked up 130% year-over-year in Q2 of 2026, according to data the Building Industry and Land Development Association (BILD) and the Ontario Home Builders' Association (OHBA) shared Tuesday. The driving force behind the bump, BILD and OHBA say, is the announcement of the provincial-federal…
NEW YORK CITY — Affinius Capital has provided a $40.7 million construction loan for an 84-unit multifamily project in Upper Manhattan. The borrower is Haussmann Development. The site is located within a Qualified Opportunity Zone at 16–20 Convent Ave., adjacent to Columbia University’s campus, and the mixed-income…
PERTH AMBOY, N.J. — CBRE has arranged $18.4 million in financing for ≈, a 91,280-square-foot shopping center located in the Northern New Jersey community of Perth Amboy. A 60,665-square-foot ShopRite grocery store anchors the center, which was fully leased at the time of the loan closing to 15 tenants with a…
RENO, NEV. — Newmark has arranged a $33.5 million Fannie Mae loan for the refinancing of Ascent on Steamboat, a 204-unit community in Reno that is owned by Elan Multifamily Investments. Newmark’s Lowell Takahashi and Vince Punzi arranged the five-year, fixed rate loan. Located at 3300 Skyline Blvd. in Reno’s Old…
FORT WORTH, TEXAS — Concord Summit Capital has arranged a $50 million construction loan for a 268-unit project in Fort Worth. Summa Terra Ventures and M13 Construction were the borrowers.… The post Concord Summit Arranges $50M Construction Loan for 268-Unit Fort Worth Development appeared first on Multifamily &…
RENO, NEV. — Newmark has arranged a $33.5 million Fannie Mae loan for the refinancing of Ascent on Steamboat, a 204-unit community in Reno owned by Elan Multifamily Investments. Newmark’s Lowell Takahashi and Vince Punzi arranged the five-year, fixed rate loan. Located at 3300 Skyline Blvd. in Reno’s Old Southwest…
A developer scored an $84.5 million construction loan for the first portion of its planned roughly 1,000-unit development along Bird Road in west Miami-Dade County. Miami-based Coastland Residential plans the eight-story Vybe 75 with 366 units at 4383 Southwest 75th Avenue, according to the developer’s news…
Affinius Capital and Macquarie have provided financing backing for a €1.3 billion refinancing of M&G's Dublin residential portfolio.
REVERE, MASS. — JLL has arranged a $67.3 million refinancing loan through Bridge Investment Group Holdings for Eliot on Ocean, a 194-unit waterfront property along Revere Beach in Revere, Massachusetts.… The post Invictus Obtains $67.3M Loan for Renovations to Metro Boston Beachfront Property appeared first on…
CHICAGO, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI, “Chicago Atlantic”, "REFI" or the “Company”), a commercial mortgage real estate investment trust, today announced its financial results for the second quarter ended June 30, 2026.
M&G and Marlet have secured €550 million in financing for a build-to-rent portfolio in Dublin.
The property was ordered into receivership last year for failing to repay loans in excess of $139 million
Invictus Real Estate secures a $67M loan to renovate its 194-unit Revere Beach property, enhancing amenities and units.
3650 Capital has provided an approximately $24-million senior construction loan to finance the completion of 1060 Nepperhan Avenue, a 949-unit self-storage development located in Yonkers, NY. The project will be branded and operated by CubeSmart. The development is sponsored jointly by Cayre Equities and KCT Inc.,…
Gantry has secured a $30.5 million permanent loan to refinance maturing debt for a 603,000-square-foot warehouse facility located in the Skyport Industrial Center at 7501 NW 106th Terrace in Kansas City’s Northland submarket. The multi-tenant facility underwent a full renovation in 2023 and is now 100%-leased in a…
Swapnil Agarwal’s Nitya Capital saved a Dallas apartment property from foreclosure with a refinancing deal. The Houston multifamily syndicator secured a loan from Morgan Stanley for The Interlace Apartments, according to a release from Nitya. The release did not specify the size of the loan. The refinancing deal…
Nitya Capital refinanced Interlace Apartments, a 432-unit multifamily community in Dallas, Texas, with Morgan Stanley. Nitya secured new institutional financing for the Interlace property at a double-digit debt yield, reflecting the substantial operating income and value created since its acquisition. Recent media…
Jose Tur owns two rent-stabilized rental buildings in Manhattan’s Washington Heights with a total of 45 units. The properties have been in his family for over 30 years, and the mortgages are fully paid off. But Tur tells Commercial Observer that despite this, while he’s reluctant to give an exact number, “more than…
Greystone provided a $25.5M Fannie Mae loan for the acquisition of 422 & 424 W. Melrose Ave., a 169-unit multifamily property in Chicago's Lakeview.
Recorde Forestay High Street Hotel & Residence Real Estate Development Investment Fund and Erste Bank Hungary have signed a credit facility agreement worth approximately €35 million to finance the hotel development of Váci Utca Center in Budapest's 5th District.
NEPI Rockcastle has signed a €250 million green term loan facility with the European Bank for Reconstruction and Development (EBRD). The facility is senior unsecured, matures in 2034, and is fully committed and available for drawdown until the end of March 2027. It is dedicated entirely to green investment across…
ATLANTA — Eldridge Capital Management has provided a $278 million loan to refinance Ten Twenty Spring, a 540,000-square-foot office tower located in Midtown Atlanta. Locally based Portman and funds affiliated with Blackstone Real Estate own the 25-story tower, which anchors Portman’s Spring Quarter mixed-use…
CYPRESS, TEXAS — Newmark has arranged a $52 million loan for the refinancing of Cantera at Towne Lake, a 366-unit multifamily property in the northwestern Houston metro of Cypress. Built in 2008 within the Towne Lake master-planned community, the property offers one-, two- and three-bedroom units and amenities such…
Obelisk Real Estate Partners has secured $86.2 million to finance the acquisition of a three-building industrial portfolio in Charleston, South Carolina, Commercial Observer can first report. Barings provided the debt, while JLL’s Peter Rotchford, Christopher Peck, and Nicholas Thorton arranged the transaction. The…
RENO, NEV. — Newmark has arranged a $33.5 million Fannie Mae loan to refinance Ascent on Steamboat, a 204-unit community in Reno owned by Elan Multifamily Investments. Newmark’s Lowell Takahashi… The post Newmark Arranges $33.5M Fannie Mae Loan for Ascent on Steamboat in Reno, Nevada appeared first on Multifamily &…
Standard Chartered has led a €550m senior term loan for a portfolio that has quietly become one ...
A West Loop office tower has defaulted on a $343M Blackstone-originated loan, signaling distress in the Chicago office market.
Illinois Teachers Retirement System committed capital to a Locus Point-managed healthcare real estate debt fund with a $750 million target.
Fannie Mae is extending its Chicago foreclosure assault against properties connected to Lakewood, New Jersey-based investor Chaim Bialostozky, who’s also facing Walker & Dunlop’s accusations of making fraudulent real estate deals to receive inflated loan amounts. Fannie on Thursday filed a fresh lawsuit against…
An apartment complex in Sumner received a $52 million refinance loan.
Korea's party and government weigh tax reform revisions amid public backlash, while Hana Bank halts variable-rate mortgages and Seoul Mayor Oh Se-hoon clashes over housing supply policy.
Newmark said Friday it has advised on the sale and arranged $155 million in acquisition financing for 10 E. 53rd St., a 385,224-square-foot Class A office tower in Manhattan’s Plaza District. Meadow Partners acquired the property from seller SL Green Realty Corp. for $312 million. The acquisition loan was provided…
Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments, a 162-unit multifamily community in Sumner, Washington. Delivered in 2024 by the sponsor, Sumner Mill Apartments is a 3.89-acre garden-style community located at 5816 162nd…
RXR, together with Halpern Real Estate Investments, Korman Communities and Invent Development Partners, secured $125 million in construction financing for AVE Station House, a 301-unit luxury multifamily development in Denver, Colorado. The property was financed with a $100 million senior loan from Madison Realty…
Commercial and multifamily mortgage loan originations were 16% higher in the second quarter of 2026 than in the year-ago period, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Dollar volume increased 12% from Q1 of 2026, MBA said.…
Moshe Popack’s YMP Real Estate Management has secured $30 million to refinance Park Towers, a 210-unit multifamily complex in Miami, Commercial Observer can first report. Valley National Bank provided the loan, structured at a fixed-rate of 6.09 percent, while Meridian Capital Group’s David Hayum and Michael…
DESOTO, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged an $8.2 million loan for the refinancing of Grizzly Self Storage, located in DeSoto, a southern suburb of Dallas. The number of units was not disclosed, but Grizzly Self Storage spans 132,265 net rentable square feet and offers both personal and…
Harbor Group International has bought Emerald Palms, a 505-unit garden apartment complex near Zoo Miami in Kendall, for $109 million from Milestone Group, which paid $107 million for the same property in 2021. The South Florida Business Journal reports the buyer assumed the seller’s mortgage, which Berkeley Point…
SAN BERNARDINO, CALIF. — Commercial mortgage banking firm PSRS has arranged a $11.2 million loan for the refinancing of a nine-story office building in San Bernardino. At the time of financing, the 126,000-square-foot property was 89 percent leased to tenants such as the Internal Revenue Service (IRS) and the City…
Takeaway: Mortgage rates will see a little relief today on the heels of a weak jobs report that may delay anticipated hikes from the Fed. The economy unexpectedly lost jobs in July, the second month in a row of surprisingly weak data, casting doubt on the theory that the labor market has rebounded. The economy […]…
Invictus Real Estate Partners has secured $67.2 million to refinance Eliot on Ocean, a 194-unit multifamily property in Revere Beach, Mass., a coastal submarket five miles outside of Boston. Bridge Investment Group Holdings provided the debt, structured as a three-year, floating-rate loan, while a JLL Capital…
SUMNER, WASH. — Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments in Sumner, approximately 30 miles south of Seattle. Joshua Westerberg led the Mesa West Capital team that originated the loan. Jake Roberts of BWE’s Los Angeles…
SAN BERNARDINO, CALIF. — PSRS has arranged a $11.2 million loan for refinancing for a nine-story office building in San Bernardino. At the time of financing, the 126,000-square-foot property was 89 percent occupied, as it has been since 2000. Tenants include the IRS and the City of San Bernardino. Jacob Lee and…
Rattled by party-exit selfies over its real estate tax reform, Korea's government and ruling party weigh looser home loans for youth and non-homeowners and revitalizing redevelopment.
TPG AG U.S. Real Estate and Redfearn Capital have acquired a 5.4 million-square-foot industrial portfolio for $628 million, Commercial Observer can first report. The seller was DRA Advisors, while BDT & MSD Partners provided a $479 million loan in the deal, sources said. The 53-building portfolio, which is roughly…
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JLL Capital Markets arranged permanent financing for a fully leased industrial facility at 111 Fieldcrest Ave. in Edison, NJ, within the Exit 10 submarket. Senior managing director Michael Klein, senior director Max Custer and analyst Kevin Badger. worked on behalf of the borrower, Summit Associates Inc., to secure…
Granite Point Mortgage Trust Inc. has refinanced the assets in its two remaining CRE CLOs, GPMT 2021-FL3 and GPMT 2021-FL4, on its JPMorgan Chase Bank, N.A. repurchase facility, which it recently extended to July 2028, with three one-year term extension options. In connection with the refinance, the company upsized…
BrightSpire Capital is in danger of losing its grip on a suburban Chicago retail property, after a DuPage County judge appointed a receiver to take control, in a foreclosure lawsuit over a $31 million securitized commercial loan that fell into default. Judge Robert G. Gibson named Chris Neilson of Dallas-based…
Basis Investment Group, LLC has provided a $19.95 million bridge loan to refinance the existing debt, support the continued stabilization, and fund remaining tenant-improvement and leasing costs at Wolff Court, a four-story complex in Philadelphia, Pennsylvania. Located at 501 E. Girard Avenue, the property is a…
A CBRE team led by Matthew Klauer advised Kensico Properties on the refinancing of The Lowell Hotel, the 74-key luxury boutique hotel located on Manhattan’s Upper East Side. Blue Owl Capital has provided a $106-million senior loan replacing the existing debt on the lodging property at 28 E. 63rd St., which has been…
Gantry has secured a $14.6 million construction-to-permanent loan for the Milano Issaquah Apartments, planned for delivery at 2300 Newport Way NW in Issaquah, just east of Seattle, Washington. Strategically located within the Central Issaquah Plan Area near major local employers, including Costco’s global…
JLL Capital Markets arranged a $67.256-million refinancing for Eliot on Ocean, a 194-unit multifamily property at 660 Ocean Ave. in Revere Beach, MA. Senior managing directors Scott Aiese and Tom Sullivan and director Alex Staikos represented the borrower, Invictus Real Estate Partners, in securing a three-year,…
Berkadia Miami’s Brad Williamson, Scott Wadler and Michael Basinski, along with Mitch Sinberg, Matt Robbins, and Jacob Kelly, secured the financing on behalf of RIVANI. BridgeInvest provided the loan.
Scott Rechler’s RXR continues to secure capital from institutional lenders. RXR, together with joint venture partners Halpern Real Estate Investments, Korman Communities and Invent Development Partners, has secured $125 million in construction debt for AVE Station House, a 13-story, 301-unit luxury multifamily…