REBusinessOnline

Greystone Provides $27M Bridge Loan for Houston Multifamily Asset

HOUSTON — Greystone has provided a $27 million bridge loan for the acquisition of Villa Nueva Apartments, a 542-unit multifamily asset in Houston. Built in 1980, the property features of one- and two-bedroom units and amenities such as three pools and onsite laundry facilities. Daniel Wolins of Greystone originated the interest-only loan, which carries a two-year term and two six-month extension options, on behalf of the borrower, Iliad Realty Group. Sal Torre of Estreich & Co. arranged …

CBRE Arranges $55.5M Loan for Refinancing of Seniors Housing Community in Houston

HOUSTON — CBRE has arranged a $55.5 million loan for the refinancing of The Village of River Oaks, a Class A, 198-unit continuing care retirement community (CCRC) in Houston. The borrower was a joint venture between Bridgewood Property Co. and Harrison Street. A national bank provided the loan, which features a four-year term, floating interest rate and 30 months of interest-only payments. Aron Will, Austin Sacco and Adam Mincberg of CBRE National Senior Housing arranged the transaction. CBRE …

NXT Capital Provides $28.5M Loan for Refinancing of San Antonio Apartments

SAN ANTONIO — Chicago-based NXT Capital has provided a $28.5 million loan for the refinancing of a 278-unit apartment community in San Antonio. The property is located within a master-planned community featuring over 10 million square feet of retail space and 5 million square feet of office space within a five-mile radius. Communal amenities of the multifamily property include a resort-style pool with a tanning ledge, cabanas with grilling stations, an outdoor fire pit, dog park, clubroom, …

JLL Arranges $128.3M Construction Loan for Dallas Office Tower

DALLAS — JLL has arranged a $128.3 million construction loan for The Link at Uptown, a 25-story office tower that will be located in the Uptown area of Dallas. Located at 2601 Olive St., the property will total 300,000 square feet. De’On Collins of JLL arranged the five-year, floating-rate loan through Broad Street Real Estate Credit Partners III, an investment fund managed by the Merchant Banking Division of Goldman Sachs. The borrower was Kaizen Development Partners. The target completion …

JLL Arranges $200.6M Credit Facility for Industrial Portfolio in Texas

HOUSTON — JLL has arranged a $200.6 million, seven-year credit facility for a portfolio of industrial properties located throughout the four major markets of Texas. The Class A portfolio, which was fully leased at closing time, spans 18 single-tenant properties totaling approximately 1.7 million square feet. Thirteen of the assets are in Houston industrial markets, with two each in Austin and Dallas markets and one property in San Antonio. Tyler Ford and Tolu Akindele of JLL handled the …

Dougherty Arranges Acquisition Financing for 384-Unit Multifamily Asset in Metro Dallas

LANCASTER, TEXAS — Dougherty Mortgage LLC has arranged an undisclosed amount of Fannie Mae acquisition financing for Rolling Hills Apartment Homes, a 384-unit asset located in the southern Dallas suburb of Lancaster. The property features a dog park, fitness center, pool and a playground. Dougherty arranged the 12-year loan, which carried a 30-year amortization schedule, through a partnership with Old Capital Lending on behalf of the borrower, RHP202

3650 REIT Provides $90M Loan for Refinancing of Plano Hotel

PLANO, TEXAS — 3650 REIT, a Miami-based balance-sheet lender, has provided a $90 million, 10-year loan for the refinancing of Renaissance Dallas at Plano Legacy West, a 304-room hotel in Plano. Completed in 2017 by borrower and developer Sam Moon Group, the property offers 26,000 square feet of conference and meeting space, as well as a pool deck and bar, spa and a fitness center. Specific loan terms were not

KeyBank Provides HUD Financing for 378-Bed Skilled Nursing Portfolio in Texas

CORPUS CHRISTI, BASTROP AND SAN ANTONIO, TEXAS — KeyBank Real Estate Capital has provided $35 million in HUD financing for a three-property, 378-bed skilled nursing portfolio located throughout Texas. The financing includes $16 million for the Regency-Windsor Calallen in Corpus Christi; $14.5 million for the Regency Bastrop Nursing & Rehabilitation Center in Bastrop; and $14 million for the Regency-Windsor Mission Oaks Nursing & Rehabilitation Center in San Antonio. The financing was …

New York Life Provides $208M Loan for Repositioning of Downtown Houston Office Tower

HOUSTON — New York Life Real Estate Investors has provided a $208 million loan for the repositioning of 717 Texas, a 33-story office building in downtown Houston. Designed by HOK and developed by Hines in 2003, the property spans 697,300 square feet and includes coworking space on the 12th floor. The repositioning project will enhance the package of amenities, which includes a conference center, rooftop garden and workspace lounge. The renovation program will also upgrade the lobby, elevator, …

Capital Stack, GenX Arrange $37.7M Construction Loan for Hotel Project Near Boston

CAMBRIDGE, MASS. — Capital Stack Commercial Real Estate Finance and Miami-based GenX Capital Partners have arranged $37.7 million in construction financing for 907 Main Hotel, a 67-room property in Cambridge. Local developer Patrick Barrett III is leading the development of the upscale, boutique hotel, which will span 42,000 square feet and offer a street-level restaurant and a rooftop bar. The building will also house Toscanini’s Ice Cream, which has operated in the neighborhood since …

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