What happened, and who moved.

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%…

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…

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…

BETHESDA, MD. — PCCP has provided an $80 million refinancing loan to Foulger-Pratt for The Rae, a 343-unit property at 10401 Motor City Drive in Bethesda. The Potomac, Maryland-based investment… The post PCCP Provides $80M Refinancing for Foulger-Pratt’s The Rae in Bethesda, Maryland appeared first on Multifamily &…
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The Fed has released the minutes of its June 2026 Federal Open Market Committee meeting, the detailed record of the committee’s discussion that arrives three weeks after each decision. Chair Warsh has moved away from forward guidance, so markets get fewer signals about the Fed’s thinking in real time, and that…
Supply of existing single-family homes reached a 10-year high of 4.6 months in June 2026, while condo supply hit a 14-year high of 6.4 months, as sales of single-family homes fell 2.4% month-over-month to an annual rate of 3.73 million and condo sales fell 2.7% to a record low annual rate of 360,000. The 30-year fixed mortgage rate rose to 6.49%, and the national median single-family home price inched up 1.8% year-over-year to $446,400, with dramatic regional divergences including prices down 26% in Austin and up 5.1% in New York City.

SAN ANTONIO — CBRE has arranged a refinancing loan on behalf of Cambridge Development Group, the Houston-based owner of Citadel Urban in San Antonio. The 181-unit community is located in… The post Cambridge Development Group Refinances Citadel Urban in San Antonio appeared first on Multifamily & Affordable Housing…
DENVER — Ziegler has closed Christian Living Communities Obligated Group’s $41.2 million Series 2026 Bonds, which were issued through the Colorado Health Facilities Authority. Christian Living Communities Obligated Group is a… The post Ziegler Closes $41.2M Bond Financing for Christian Living Communities appeared…

NEW YORK CITY — JLL has arranged a $44.5 million refinancing loan for locally based Benchmark Realty Group’s 61-unit property at 194 East 2nd St. in Manhattan’s East Village. Citi… The post JLL Arranges $44.5M ReFi Following Benchmark’s East Village Renovation appeared first on Multifamily & Affordable Housing…

FAIR LAWN, N.J. — Finance and investment management firm PCCP has provided a $66.9 million loan for the development of a new active adult community located in Fair Lawn, roughly 25… The post PCCP Provides $66.9M Loan for Active Adult Development in Metro New York City appeared first on Seniors Housing Business .

WASHINGTON, D.C. — PCCP, a Los Angeles-based commercial real estate finance and investment management firm, has provided a $61.3 million refinancing loan to PGIM and Kennedy Wilson for Parc Riverside… The post PCCP Provides $61.3M Refinancing Loan for Parc Riverside East in D.C. appeared first on Multifamily &…
The document reports that the six-month Treasury yield has risen to approximately 4%, with the government selling $84 billion of six-month Treasury bills at an investment rate of 3.97%, up from 3.80% two weeks prior, signaling that bond markets expect multiple Federal Reserve rate hikes within the next six months. The article argues that the bond market is clearly telling the Fed to proceed with rate increases, as evidenced by the 2-year Treasury yield surging 76 basis points since early February to 4.14%, and that banks are raising CD yields above 4% in response to incoming economic data.

The 30-year fixed-rate mortgage averaged 6.49% in June 2026, up 8 basis points from May and 44 basis points since late February, while the 15-year rate averaged 5.82%, driven by market pricing of potential Federal Reserve rate hikes due to persistent inflation and a resilient labor market. The 10-year Treasury yield averaged 4.48% in June but eased later in the month to around 4.44% following a preliminary U.S.-Iran agreement that temporarily reopened the Strait of Hormuz for commercial shipping.
Capital Economics reports on net lending flows to UK commercial property in May, contextualizing movements within broader uncertainty and rate environment.
Capital Economics reports that net lending to UK commercial property totalled approximately £1.5bn in April, down from £2.5bn in March, reflecting a slowdown in investment transactions.

NASHVILLE, TENN. — Forman Capital, a private direct lender, has provided a $49.4 million construction loan for Moda Vista, a 102-unit build-to-rent community at 3320 Curtis St. in the Bordeaux… The post Forman Capital Finances $49.4M BTR Project in Nashville appeared first on Multifamily & Affordable Housing…

IRVING, TEXAS — Berkadia has arranged a $124.7 million refinancing loan for Alesio Urban Center, a mixed-use community with 908 units and 55,499 square feet of commercial space in the… The post Berkadia Arranges $124.7M Refinancing for HGI’s Alesio Urban Center in Irving, Texas appeared first on Multifamily &…
The share of mortgages with below-3% interest rates remained flat at 19.5% in Q1 2026 after declining steadily from a peak of 24.6% in Q1 2021, while combined below-4% mortgages fell only 20 basis points quarter-over-quarter, marking the smallest decline since their share began falling in 2022. The document attributes the stalling unwinding of the "lock-in effect" to homeowners retaining ultra-low mortgages that offer effectively free borrowing in real terms given inflation above 3%, though the stall could represent either a temporary blip or a longer-term freezing of the housing market.
BALTIMORE — Capital Funding Group (CFG) has provided $318.8 million in financing across two transactions for a skilled nursing operator. The transactions include $288.8 million in acquisition financing for a portfolio… The post CFG Provides $318.8M in Financing for Skilled Nursing Operator appeared first on…

SCOTTSDALE, Ariz. — Berkadia has arranged the sale and financing of Acoya Shea, a senior living community located in Scottsdale. Opened in September 2023, the property totals 147 units. Dave Fasano,… The post Berkadia Arranges Sale, Financing of 147-Unit Community in Scottsdale, Arizona appeared first on Seniors…

GLEN ALLEN, Va. — Ziegler has closed approximately $171 million in bond financing for Virginia Baptist Homes doing business as LifeSpire of Virginia. Based in Glen Allen, the nonprofit company owns… The post Ziegler Closes $171M Financing for LifeSpire of Virginia appeared first on Seniors Housing Business .

POOLER, GA. — Mandrake Capital Partners has obtained a $34.5 million refinancing loan for Easthaven, a 143-unit build-to-rent community in Pooler that was completed last year. Bridge Investment Group was… The post JLL Arranges $34.5M Refinancing for Easthaven in Pooler, Georgia appeared first on Multifamily &…

JERSEY CITY, N.J. — Walker & Dunlop has arranged a $375 million construction loan to finance JFK Boulevard, a mixed-use project that will be built in Journal Square in Jersey City.… The post Madison Capital Provides $375M Construction Loan for Jersey City Development appeared first on Multifamily & Affordable…
Fitch Ratings assigned expected ratings to a European loan conduit securitization vehicle.
The document identifies three economic developments to monitor during the week of June 29, 2026: Federal Reserve Chair Warsh's appearance at the European Central Bank Forum on Wednesday, labor market data releases including JOLTS, ADP employment, and the June employment report, and manufacturing and construction spending releases on Wednesday. The analysis notes that recent May Personal Consumption Expenditures data showed firm inflation at multi-year highs while the Atlanta Federal Reserve's Q2 GDP nowcast declined throughout the month, and signals that Treasury yields and credit spreads will be key indicators for commercial real estate credit pricing in the second half of 2026.
Conference coverage of hospitality industry discussions including ADA compliance concerns, market trends, and financing stability amid interest rate volatility.

By John Nelson Fannie Mae and Freddie Mac are scaling up their multifamily loan production this year while their partner servicers and underwriters are aggressively pursuing new business. The Federal… The post Fannie Mae, Freddie Mac Enter Bullish Phase appeared first on Multifamily & Affordable Housing Business .

Watch the replay of our latest In Conversation webcast. The post Webcast Recording: Will Strong Multifamily Fundamentals Offset Fallout From the War? appeared first on Lument .

PUYALLUP, WASH. — Great Expectations, a Seattle-based affordable housing developer, has secured financing to build Addison Grove, a 102-unit affordable housing community in Puyallup, 36 miles south of Seattle. Great… The post Great Expectations Secures Financing for Addison Grove in Puyallup appeared first on…
Mortgage applications decreased 3.8 percent for the week ending June 12, 2026, on a seasonally adjusted basis.

By John Nelson Fannie Mae and Freddie Mac are scaling up their multifamily loan production this year while their partner servicers and underwriters are aggressively pursuing new business. The Federal… The post Fannie, Freddie Enter Bullish Phase appeared first on Multifamily & Affordable Housing Business .

DENVER — Opus Development and Ares Real Estate have secured a $67 million refinancing loan for Kalaco, a 280-unit mid-rise community in Denver. Kalaco was completed in 2024. The construction… The post JLL Arranges $67M Refinancing for Kalaco in Denver appeared first on Multifamily & Affordable Housing Business .

BOCA RATON, FLA. — Newmark has arranged a refinancing loan on behalf of Grand Peaks for The Seven at West Boca. Denver-based Grand Peaks acquired the 448-unit community in 2024.… The post Grand Peaks Secures Refinancing for The Seven at West Boca appeared first on Multifamily & Affordable Housing Business .
PITTSBURGH — PNC Bank has closed the Low-Income Housing Tax Credit (LIHTC) Fund 104, a $251.4 million fund focused on the development and preservation of affordable rental housing across the United… The post PNC Bank Closes $251.4M Fund to Support 16 Affordable Housing Projects appeared first on Multifamily &…
TOTOWA, N.J. — The New Jersey Economic Development Authority (NJEDA) board has approved $35.3 million in tax credits for a new seniors housing project in Totowa, roughly 20 miles northwest of… The post NJEDA Approves $35.3M in Tax Credits for Project in Northeast New Jersey appeared first on Seniors Housing…

NEW YORK CITY — Madison Realty Capital has originated a $480 million loan for the office-to-residential conversion of 1740 Broadway in Midtown Manhattan. Yellowstone Real Estate Investments was the borrower,… The post Madison Realty Capital Originates $480M Loan for Midtown Manhattan Office-to-Residential Project…
MOORE COUNTY, N.C. — Berkadia has arranged a $12.5 million HUD-insured loan for the refinancing of a skilled nursing property located in Moore County, North Carolina. Built in 1992, the facility… The post Berkadia Arranges $12.5M HUD-Insured Loan for Skilled Nursing Property in North Carolina appeared first on…

BALTIMORE — CFG Bank, servicing the nationwide healthcare and multifamily financing industries as well as the Mid-Atlantic commercial banking market, has launched CFG Mortgage Partners, a group dedicated to customized… The post CFG Bank Launches CFG Mortgage Partners, Appoints Dan Sacks to Lead New Initiative…

BUFORD, GA. — Vida Cos. has closed on financing for the construction of Carrena, a ground-up development in in the northern Atlanta suburb of Buford. The 289-unit Careena is the… The post Vida Cos. to Build Carrena in Buford, Georgia appeared first on Multifamily & Affordable Housing Business .
ANTIOCH, CALIF. — Walker & Dunlop has arranged a $53.1 million loan for the construction of Joyfield at Lakeview Center, a Low-Income Housing Tax Credit (LIHTC) affordable housing community in… The post Standard Communities Secures $53.1M for East Bay LIHTC Development appeared first on Multifamily & Affordable…
LAKE ORION, MICH. — Berkadia has arranged a $35.2 million refinancing loan through Freddie Mac for Indian Lake Village Apartments, a 394-unit community in Lake Orion, a village approximately 38… The post Berkadia Arranges $35.2M ReFi for Indian Lake Village Apartments North of Detroit appeared first on Multifamily…