Loans

Stout Street Hospitality Receives Refinancing for Magnolia Hotel Denver

by Amy Works May 29, 2026

DENVER — Stout Street Hospitality has closed on refinancing for Magnolia Hotel Denver, a Tribute Portfolio Hotel by Marriott, in downtown Denver’s central business district. Mike Huth, Wyatt Krapf and Henry Winchester of JLL Hotels & Hospitality secured the loan through PPM America for the borrower. Originally constructed in 1910 as a First National Bank facility, the property was converted to a boutique hotel in 1995. Magnolia Hotel Denver features 297 guest rooms and suites with 12-foot ceilings and expansive windows, more than 13,450 square feet of flexible meeting and event space across 12 distinct venues, including the 3,800-square-foot 17th by Magnolia ballroom with a 25-foot-tall glass atrium ceiling and art deco-inspired decor. Additionally, the hotel includes Harry’s restaurant and bar serving seasonal American cuisine for three meals daily. Magnolia Hotel Denver serves as Stout Street Hospitality’s flagship property with the company’s corporate headquarters located in the building.

May 29, 2026

Hospitality Loans Northeast Pennsylvania

Cronheim Arranges $17.6M Loan for Refinancing of Downtown Philadelphia Hotel

by Taylor Williams May 29, 2026

PHILADELPHIA — The hotel affiliate of New Jersey-based financial intermediary Cronheim Mortgage has arranged a $17.6 million loan for the refinancing of the Fairfield Inn & Suites Center City Philadelphia hotel in the city’s downtown area. The number of rooms was not disclosed. The loan carried a floating interest rate and a five-year term with no prepayment penalty. An unnamed regional bank provided the loan to the sponsor, which also requested anonymity.

May 29, 2026

Acquisitions District of Columbia Loans Multifamily Southeast

IPA Arranges $27M Acquisition Loan for Apartment Community in D.C’s NoMa District

by Abby Cox May 29, 2026

WASHINGTON, D.C. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $27 million in financing for the acquisition of The Pinnacle, a newly constructed, 115-unit luxury apartment complex located in the NoMa district of Washington, D.C. Max Hulsh of IPA arranged the loan through Prime Finance on behalf of the borrower, New York City-based July Residential Group, a multifamily investment and management firm. IPA also arranged an undisclosed amount of joint venture equity for the acquisition through an unnamed capital partner. The Pinnacle offers studios and one- to four-bedroom apartments ranging in size from 398 to 1,779 square feet. Amenities include a fitness center, clubhouse, lounge, business center and a rooftop terrace, as well as bike storage and concierge services, according to Apartments.com. Monthly rental rates begin at $1,700.

May 29, 2026

Florida Hospitality Loans Southeast

Cronheim Hotel Capital Arranges $50.4M Financing for Two Hotels on Amelia Island in Florida

by John Nelson May 28, 2026

AMELIA ISLAND, FLA. — Cronheim Hotel Capital has arranged two loans totaling $50.4 million for two hotels on Amelia Island, an island off the coast of northeast Florida. The deals include a $29.9 million loan for the refinancing and conversion of Ocean Coast Hotel to a Holiday Inn Resort and a $20.5 million loan for the refinancing of Amelia Hotel, an independent beachfront hotel. Cronheim Hotel Capital originated both loans with a regional bank and each include USDA and PACE components. The co-sponsors are Innisfree Hotels and RREAF Holdings.

May 28, 2026

Loans Retail Texas

Nuveen Green, Lone Star PACE Provide $8M C-PACE Loan for West Houston Retail Project

by Taylor Williams May 28, 2026

HOUSTON — Nuveen Green Capital and Lone Star PACE have provided an $8 million C-PACE (Commercial Property Assessed Clean Energy) loan for Ashford Yard, an 83,000-square-foot retail project in West Houston. Ashford Beer Garden has preleased 21,000 square feet as the anchor tenant of the development. Loan proceeds will be used to install a high-efficiency building envelope and windows, upgraded HVAC systems, enhanced lighting fixtures and water systems with low-flow plumbing fixtures. The borrower was not disclosed.

May 28, 2026

California Loans Multifamily Western

Walker & Dunlop Structures $101.6M HUD-Insured Loan for Refinancing of Apartment Property in Chula Vista

by Amy Works May 28, 2026

CHULA VISTA, CALIF. — Walker & Dunlop has arranged a $101.6 million HUD 223(f) loan to refinance Enclave Heritage Flats, an apartment community in Chula Vista. Enclave Heritage Flats features 312 one-, two- and three-bedroom apartments. Community amenities include a fitness center, resort-style swimming pool, movie screening theater, coworking spaces, outdoor gathering areas and pet-friendly accommodations. Baldwin Asset Management is the property manager. Gregory Richardson and Jeff Kearns of Walker & Dunlop Capital Markets Real Estate Finance and Walker & Dunlop Affordable Housing secured the financing on behalf of The Baldwin Co. The loan refinances existing debt that Walker & Dunlop arranged in 2024.

May 28, 2026

California Loans Retail Western

PSRS Arranges $27M Refinancing Loan for Retail Center in Encino, California

by Amy Works May 28, 2026

ENCINO, CALIF. — PSRS has arranged a $27 million loan for the refinancing of a shopping center in Encino. Michael Tanner and David Sarnoff of PSRS secured the 10-year loan, which features a 30-year amortization schedule, through a correspondent life insurance company for the undisclosed borrower. The 140,161-square-foot shopping center features 52 rentable suites occupied by a variety of tenants, including destination retailers, food-and-beverage chains, personal services and medical/professional offices, and 400 parking spaces.

May 28, 2026

Industrial Loans Washington Western

Gantry Secures $16M Refinancing for Kirkland Business Center in Washington

by Amy Works May 28, 2026

KIRKLAND, WASH. — Gantry has secured a $16 million permanent loan for the refinancing of Kirkland Business Center, located at 11860 N.E. 112th St. in Kirkland, a suburb east of Seattle. Originally developed in 1962 and 1969, the 104,000-square-foot industrial asset is fully leased to multiple tenants. Mike Wood, Mike Taylor and Tim Brown of Gantry arranged the seven-year, fixed-rate loan, which was provided by one of Gantry’s correspondent insurance companies. The financing features cash-out proceeds with full-term interest-only payments. Gantry will service the loan on behalf of the lender. The name of the borrower was not released.

May 28, 2026

Data Centers Development Industrial Loans Midwest Missouri

Google Unveils $15B Infrastructure Investment in New Florence, Missouri

by Kristin Harlow May 28, 2026

NEW FLORENCE, MO. — Google has unveiled plans to invest $15 billion in building infrastructure in New Florence, about 75 miles west of St. Louis. The data center project will create thousands of construction jobs over the build period and hundreds of direct operational roles once the facility is up and running. Google is collaborating with the Construction Laborers and Contractors Joint Training Fund of Eastern Missouri to support the Laborers and Contractors Training Center. The project will enable the center to train more than 2,300 construction laborers, including 1,500 apprentices, over the next two years. In accordance with Missouri’s consumer protections in Senate Bill 4, which Gov. Kehoe signed into law in 2025, Google will continue to pay for 100 percent of the power the data center uses and any new infrastructure costs that are directly driven by its operations. To date, Google has contracted to bring more than one gigawatt of new generation capacity to Missouri, and through its partnership with Ameren, the company is supporting the development of more than 500 megawatts of additional capacity. To further address energy affordability, Google has also announced a $20 million Energy Impact Fund to support programs that drive down monthly …

May 28, 2026

Affordable Housing Development Indiana Loans Midwest Multifamily

Merchants Capital Provides $99M in Debt, Tax Credit Equity for Indiana Workforce Housing Community

by Kristin Harlow May 28, 2026

FORT WAYNE, IND. — Merchants Capital has provided more than $99 million in debt and tax credit equity financing for The Elex, a 296-unit workforce housing community now leasing in Fort Wayne. Developed by Biggs Group in partnership with Ancora, Weigand Construction and MSquared, The Elex is part of the Electric Works site, a redeveloped General Electric industrial campus that opened last month. Merchants Capital secured a $34.4 million Freddie Mac non-LIHTC forward permanent loan and provided $9.5 million in federal low-income housing tax credit (LIHTC) equity for The Elex. Merchants Bank provided $55.5 million in construction and equity bridge financing. The Elex offers one-, two- and three-bedroom units, with 207 units rented at market rate and 89 affordable units set aside for residents earning between 30 and 80 percent of the area median income. Affordability is supported via LIHTC equity syndicated by Merchants Capital, state tax credits and tax-increment financing bonds. Named in tribute to The Elex Club, a pioneering women’s organization formed by General Electric’s female employees, The Elex represents Phase II of The Electric Works redevelopment, which is comprised of 18 historical buildings, office space, education and innovation space, retail, residential, hotel and entertainment venues developed across …

May 28, 2026

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