What happened, and who moved.
CHICAGO — JLL has arranged a $275 million loan and $57 million in mezzanine financing for NEMA Chicago, a 76-story luxury tower at 1210 South Indiana Ave. in Chicago. The… The post JLL Arranges $332M for Chicago Luxury Tower Refinancing appeared first on Multifamily & Affordable Housing Business .
The clouds of debt maturities and nonperforming loans haven’t entirely cleared from the country’s largest banks, but the shine of artificial intelligence and data center development is erasing the shadows cast by Wall Street's anxieties over pandemic-era...
Specialty investment bank Ziegler has closed on Fairview’s Vista Point Project, one of the largest senior living tax-exempt bond transactions to date in the state of Connecticut. The $304-million financing will be used to fund construction of the project, repay all outstanding indebtedness of the organization,…
Walker & Dunlop arranged a $60-million bridge loan to refinance Bell Works Fort Monmouth,a mixed-use campus in Tinton Falls, NJ. The Walker & Dunlop Capital Markets Institutional Advisory team led by Dustin Stolly, Aaron Appel, Sean Reimer, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Ari Hirt and Stanley Cayre…
NewPoint Real Estate Capital has originated a $34.6 million floating-rate bridge-to-agency loan for the acquisition and planned conversion of Clarion Collection Arlington Court Suites, a 187-unit property located in Arlington, Virginia. The bridge loan, which was used to finance the purchase of the extended-stay…
CPC Mortgage Company, a subsidiary of The Community Preservation Corporation, has structured a $42.1 million loan for the preservation and rehabilitation of Parkside Estates and Demby Terraces, a 315-unit affordable housing community in Inkster, Michigan. Developed by Good Housing Partnership in partnership with…
Cox, Castle & Nicholson LLP served as real estate and permitting counsel to IPX Power, LLC on the committed financing for the construction and operation of its Darden renewable energy projects in Fresno County, California. The financing encompasses $4.95 billion of construction debt. It includes a $403-million…
PCCP provided a $61.3 million loan to PGIM and Kennedy Wilson for the refinance of Parc Riverside East, a luxury mid-rise apartment community in the Navy Yard neighborhood of Washington, D.C. Built in 2014 and located at 1011 First Street SE, the 287-unit, 13-story property features studio, one-bedroom, and…
The Fremont Marriott Silicon Valley has changed hands for the first time in more than a decade, giving a Dallas-based hotel REIT working through its own mounting debt problems a fresh infusion of cash and handing a new owner one of the East Bay’s largest full-service hotels just as the city touts its rise as […]…
StreetLights Residential has secured $54 million in equity, along with $111.5 million in construction loans, for a new 22-story Plano apartment complex expected to open in 2029. The project will be part of the conversion of The Park of Legacy, a 107-acre office campus into a mixed-use development with apartments,…
CHICAGO — Cambridge Realty Capital has arranged $21.5 million in bridge-to-HUD acquisition financing for a skilled nursing facility totaling 108 beds in Kentucky. A regional commercial bank provided the first mortgage… The post Cambridge Arranges $21.5M Bridge-to-HUD Financing for Kentucky Skilled Nursing Facility…
SHENANDOAH AND RICHMOND, TEXAS — Pinecroft Realty has refinanced two medical office buildings totaling approximately 70,000 square feet in metro Houston. The loan amount(s) was not disclosed. The buildings include the 57,000-square-foot Vision Park Medical Office Building in Shenandoah, located north of Houston,…
JACKSONVILLE BEACH, FLA. — JLL has arranged a $76.8 million construction loan for a 415-unit multifamily development in Jacksonville Beach. Mark West led the JLL team in arranging the four-year, floating-rate loan through Ameris Bank on behalf of the borrower, Trevato Development Group. Located along Beach…
ISLAND PARK, N.Y. — San Francisco-based intermediary Gantry has arranged an $11.5 million loan for the refinancing of a 740-unit self-storage facility located in the Long Island township of Island Park. Public Storage operates the three-story, climate-controlled facility. Robert Slatt and Alex Poulos of Gantry…
Slate and RiseBoro secured a $163 million loan for two housing projects located in Williamsburg, as reported by Commercial Observer. This is a debt-financing transaction in the capital markets covering New York real estate.
LAWRENCE, KAN. — Merchants Capital has secured a $10.8 million Freddie Mac loan for Floret Hill, a 121-unit affordable housing development in Lawrence. The developer, Gardner, Kansas-based Wheatland Investments Group,… The post Wheatland Investments Group Obtains $10.8M Loan for Affordable Housing Development in…
Michael Lavipour still remembers the bank office where executives laughed him out of the room. It was 13 years ago, and the head of lending for Affinius Capital was on the hunt for a credit facility to support the investment management firm’s real estate...
SCALE Lending, the debt financing arm of Slate Property Group, has issued a $45-million senior-secured construction loan for a new multifamily project located at 264-272 W. 135th St. in Harlem. The sponsor, Mass Development, will use loan proceeds for the ground up development of an 11-story residential condominium…
CBRE facilitated the $77.5-million sale of Sunterra, a 240-unit multifamily community located at 3851 Sherbourne Dr. in Oceanside. The firm’s Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas advised the seller, 29th Street Capital. Debt and Structured Finance support was provided by James Flinn and…
This is a news article published by Commercial Observer in July 2026 announcing that PGIM has hired David Blum as a Managing Director in its Commercial Real Estate Credit division. The article covers personnel and organizational changes within the commercial real estate capital markets and debt financing sectors.
After two defaults, New York-based Columbia Property Trust has struck a deal with its lenders to restructure approximately $1.8B of debt backing a seven-building portfolio. The June agreement will modify the debt, which is secured by buildings in San...
Slatt Capital arranged a $12,000,000 non-recourse acquisition loan for a 68,094-square-foot multi-tenant office building located at 5900 State Farm Dr. in Rohnert Park. The 1973-vintage property was financed through a life insurance company lender, The Standard, with a structured staggered term and 30-year…
Mass Development secured a $45 million construction loan from SCALE Lending, a subsidiary of Slate Property Group, to build an 11-story condominium complex at 264-272 West 135th Street in Harlem comprising 72 units ranging from studios to three-bedroom units, with completion targeted for summer 2028. The 30-month floating-rate loan includes two six-month extension options, and the project will feature ground-floor retail and community space already leased to a day care operator, plus top-floor amenities including a fitness center, spa, and lounge.
Alterra IOS announced the closing of a $400 million refinancing led by Truist Financial Corp. and KeyBank, supporting the continued expansion of its growing industrial outdoor storage platform. Secured by a portfolio of 99 IOS properties spanning 27 states, the financing was executed utilizing an equity pledge…
Tristan Capital Partners has provided £340M in senior real estate debt to a joint venture between Goldman Sachs Alternatives and Edge Technologies to refinance the existing construction facility and fund the remaining costs to complete Edge London Bridge. Edge...
CORPUS CHRISTI, TEXAS — Northmarq has arranged a loan of an undisclosed amount for the refinancing of the 199-unit Wood River Apartments in Corpus Christi. Built in 1983, Wood River Apartments offers one-, two- and three-bedroom units across 17 two-story buildings, as well as a pool and pet facilities. Cheryl…
JLL has secured a $275 million refinancing and a $57 million mezzanine financing for NEMA Chicago, a luxury multifamily tower and the city’s tallest all-rental residence. JLL represented the borrower, Crescent Heights, in facilitating the five-year, fixed-rate loan through New York Life Insurance Company. JLL also…
S3 Capital provided a $24 million construction loan to Ampere Capital Group for a six-story, 109-unit mixed-use multifamily project with 14,500 square feet of retail space at 1640 North Hancock Street in Philadelphia's Fishtown neighborhood. The 122,804-square-foot development, designed by HDO Architecture and comprising studios, one- and two-bedroom apartments, is slated for completion in late 2027.
NEW YORK CITY — Seniors housing and multifamily bridge lending platform MonticelloAM has added Jason Liu to its accounting team as deputy chief financial officer. Liu will oversee investor and lender… The post MonticelloAM Adds Jason Liu as Deputy Chief Financial Officer appeared first on Seniors Housing Business .
CHICAGO — JLL Capital Markets has secured a $275 million refinancing and a $57 million mezzanine financing for NEMA Chicago, a luxury multifamily tower. Standing 76 stories and 893 feet tall, the property is Chicago’s tallest rental tower, according to JLL. Located at 1210 S. Indiana Ave. along Grant Park, NEMA…
Grover Corlew has refinanced Hillsboro Center, a 223,716-square-foot office park in Deerfield Beach, Fla. A two-year, $30 million senior loan was originated by BankUnited and arranged by JLL Capital Markets. Commercial Search reports Grover Corlew acquired the two-building office park in 2019 for $32.5 million from…
RXR, Waterfall Asset Management, and New York Life Investment Management financed a $103 million recapitalization of Sylvan Corporate Center, a 276,000-square-foot, four-building medical office campus in Englewood Cliffs, New Jersey, owned by Andalex Group since 2004. The financing will refinance an existing mortgage and support an expansion by anchor tenant Englewood Health, which signed a 20-year lease extension and plans to double its footprint to 202,000 square feet, including a 50,000-square-foot outpatient imaging center and 50,000-square-foot physician office space.
Takeaway: Rates will fall today after an unexpectedly soft CPI inflation reading that will keep the Fed from hiking at the July 29th meeting. Inflation data comes in much lower than forecasters expected. Overall headline inflation came in at -0.4% month-over-month (3.5% annual) in June due to energy price declines.…
ORLANDO, FLA. — Boston-based Taurus Investment Holdings has obtained an $85.4 million loan to refinance two Orlando-area assets, The Summit at Metrowest and The Legends at ChampionsGate. Matt Robbins, Mitch… The post Berkadia Arranges $85.4M Refinancing Loan for Two Orlando Properties appeared first on Multifamily…
LAWRENCE, MASS. — Northmarq has arranged a Fannie Mae loan for approximately $22.9 million for Arrowpoint Properties’ acquisition of Elora Flats & Townhomes in Lawrence, 30 miles north of Boston. Northmarq’s… The post Northmarq Arranges $22.9M for Affordable Housing Acquisition in Lawrence, Massachusetts appeared…
BILLINGS, Mt. — Specialty investment bank Ziegler has announced the closing of a $191.5 million bond financing through the Montana Facility Finance Authority on behalf of St. John’s Lutheran Ministries, doing… The post Ziegler to Close $191.5M Bond Financing for St. John’s United appeared first on Seniors Housing…
CBRE hired Robert Koontz, formerly head of multifamily capital markets at Freddie Mac where he spent 17 years, as head of multifamily debt capital markets effective July 6, 2026, to expand the brokerage's loan business and balance sheet strategies. According to CBRE's multifamily capital markets head, the company originated more than $30 billion in multifamily debt in 2025 with 2026 volume up 60 percent year-over-year.
JPMorgan Chase provided a $205 million refinancing loan for Blackstone's East Miami hotel, a 39-story, 352-room property in the Brickell district that Blackstone acquired for approximately $300 million in 2025. The property, completed in 2016 and located within the Brickell City Centre mixed-use complex, represents the first debt loaded onto the asset and marks the second major South Florida hotel refinancing JPMorgan has provided to Blackstone in recent months.
Gantry has secured a $16.5 million permanent loan to support the purchase of Meadowlark Industrial Center, located at 404 N. Holladay Street in Cornelius, Oregon, a key industrial submarket in Portland’s fast-growing Silicon Forest technology corridor. Recently completed in 2024, the modern property is 100%…
The CRE Finance Council (CREFC) said Monday its Second-Quarter 2026 (2Q26) Board of Governors (BOG) Sentiment Index rose 0.9% to 101.0 from 100.1 in the previous quarter, holding near the survey’s 2017 baseline of 100.0 after the prior quarter’s 20.2% decline. However, Beneath the modest headline move, results were…
Apollo Global Management provided $71 million in construction financing to a joint venture of Broad Street Development and TPG Angelo Gordon for 139 Franklin Street, a Tribeca luxury condominium conversion project expected to deliver up to 18 units with three- to five-bedroom homes and private outdoor space. The developers acquired the former self-storage facility site for $43.5 million in 2025 and are marketing the boutique residential offering to luxury buyers in Manhattan's sought-after Tribeca neighborhood.
LaSalle Investment Management closed a $163 million Fannie Mae-backed refinancing loan arranged by Newmark for an 833-unit multifamily portfolio consisting of three properties located in Washington, D.C., Northern Virginia, and Oregon. The transaction refinanced LaSalle's existing cross-collateralized Fannie Mae credit facility while enabling future collateral additions and providing long-term financing with conservative leverage and strong credit metrics.
FORT COLLINS, COLO. — Concord Summit Capital has arranged a $115.5 million construction loan for Collins at Union Park, an apartment community in northern Colorado. Daniel Eidson, Keegan Burger and Ben Applebaum of Concord Summit Capital secured the nonrecourse loan, which features an 88 percent loan-to-cost ratio,…
LAWRENCE, KAN. — Merchants Capital has arranged $10.8 million in permanent financing for Floret Hill, a 121-unit affordable housing development in Lawrence. Merchants Capital secured a Freddie Mac Unfunded Forward TEL loan for the project. The capital stack also includes federal and state low-income housing tax…
Sundance Bay obtained financing totalling $95.7 million for a 626-unit two-property Texas portfolio. Cushman & Wakefield’s Texas Equity, Debt & Structured Finance (EDSF) arranged the financing, which consists of $76.2 million in senior debt provided by Benefit Street Partners and a $19.5 million mezzanine loan…
Dependable Equities, an affiliate of Sky Equity Group, secured $54 million in pre-construction financing from CDK, with Valley National Bank serving as a participating lender to advance a residential development south of the New River, near downtown Fort Lauderdale. The financing, arranged by Daryl Hagler and Allen…
Energy infrastructure company Williams said Monday it has signed an agreement led by funds managed by Blackstone Credit & Insurance, in partnership with Apollo and insurance vehicles and accounts managed by KKR, for $5.34 billion of committed capital to support the development of its five announced behind-the-meter…
Covenant Capital Group paid $41.5 million for Legacy Hill, a 206-unit multifamily community in Nashville. Multihousing News reports UDR sold the property after 31 years of ownership. Walker & Dunlop facilitated the transaction through a $29.4 million Freddie Mac loan. Legacy Hill occupies approximately 14 acres at…
Trevato Development Group obtained a $76.8 million construction loan to build a mixed-use development in Jacksonville. The four-year, floating-rate loan was provided by Ameris Bank. A JLL Capital Markets team led by Mark West secured the loan. The development, located at 1944 Beach Blvd. in Jacksonville Beach, will…
More commercial real estate owners, including RXR and SL Green, are establishing special servicing platforms to manage distressed CMBS loans, leveraging their operational expertise in asset resolution while creating potential conflicts of interest when servicing loans of competitors. Rating agencies and pooling and servicing agreements provide oversight to mitigate conflicts, though Fitch has previously flagged concerns about affiliate influence, and industry experts remain divided on whether these arrangements ultimately benefit or harm bondholders despite structural post-2008 protections limiting special servicers' ability to acquire distressed assets.
Crestline Management and PACE Loan Group provided $58.7 million in construction financing for the Maranello Luxury Garages, an 80-unit luxury garage condominium project in Plano, Texas, with Crestline supplying $36.2 million in senior debt and PLG providing $22.5 million in C-PACE financing. The project is expected to reduce annual energy use by 28 percent and water use by 14 percent through sustainability improvements funded by the C-PACE component.
Jemal Equities secured a $27 million commercial mortgage-backed securities loan from Citibank for the refinancing of 1750 H Street NW in Washington, D.C., arranged by Meridian Capital Group. The 123,000-square-foot office building was purchased by Jemal in July 2025 for $28.5 million when it was nearly vacant, and the new permanent debt replaced the initial bridge financing after the property achieved significant leasing momentum within a single year.
Twain Capital Partners provided a $65 million Commercial Property Assessed Clean Energy (C-PACE) loan for the Foote's Rest mixed-use development in Frisco, Colorado, which will include an 80-key Marriott Tribute Hotel and an underground entertainment venue with bowling and golf facilities, with completion slated for October 2027. The St. Louis-based lender has originated $265 million in C-PACE loans since launching its platform in late 2025 and maintains a pipeline of $140 million under contract expected to close by the end of 2026.
Apex Building Group and L+M Development Partners secured $217 million in construction financing for the third phase of the Alafia Project in East New York, Brooklyn, which will deliver 273 units of affordable housing and public green space, with funding provided by Redstone Bank, Goldman Sachs Urban Investment Group, New York State Energy Research and Development Authority, and New York State Homes and Community Renewal through Low-Income Housing Tax Credits and tax-exempt bonds. The broader Alafia redevelopment project will ultimately transform 27 acres of the former Brooklyn Developmental Center into approximately 2,600 affordable housing units, a 50,000-square-foot community medical facility with senior health services, and over 20,000 square feet of public green space, with Phase 3 expected to complete in 2029.
Siemens Financial and First Horizon provided $64.8 million in construction financing for the Health Park at Avenir project in Palm Beach Gardens, Florida, a hospital and medical outpatient complex fully leased to Jupiter Medical Center. The project, located at 12001 Northlake Boulevard, comprises a two-story neighborhood hospital and three-story medical outpatient building totaling 101,517 square feet, with an approved future phase for 24,000 additional square feet of medical outpatient space.
On its path to ubiquity, artificial intelligence has seeped into mortgage lending. Regulators are racing to catch up.The same forces in the tech world that created the “move fast and break things” ethos are driving AI’s adoption today. With no overarching...
DALLAS — Crow Holdings has obtained a $380.2 million refinancing loan for a five-property portfolio totaling 1,549 units in Texas, Colorado and Virginia. Each was developed by Trammell Crow Residential… The post CBRE Arranges $380.2M Refinancing Loan for Crow Holdings appeared first on Multifamily & Affordable…
MADISON, WIS. — Priority Capital Advisory has arranged an $11.5 million loan for the refinancing of Vivo Madison, a 153-unit property at 517 Grand Canyon Drive in Madison. The borrower… The post Priority Capital Advisory Arranges $11.5M Refinancing of Former Hotel in Madison, Wisconsin appeared first on Multifamily…
FORT COLLINS, COLO. — Concord Summit Capital has arranged a $115.5 million construction loan for Collins at Union Park, a 457-unit community in Fort Collins. The borrower/developer is Livmark Communities,… The post Concord Summit Capital Arranges $115.5M Construction Loan for Colorado Development appeared first on…
KISSIMMEE, FLA. — Hedrick Brothers Development has obtained a $56.5 million construction loan for The Hedrick at Lake Toho, a 366-unit community along Toho Grande Boulevard in Kissimmee. Construction has… The post Hedrick Brothers Obtains $56.5M Loan, Breaks Ground on 366-Unit Project in Kissimmee, Florida appeared…