Tuesday, June 16, 2026
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The-Somerset-at-Montgomery
LoansMultifamilyNew JerseyNortheast

CBRE Arranges $31M Permanent Loan for Central New Jersey Apartment Complex

by Taylor Williams

MONTGOMERY TOWNSHIP, N.J. — CBRE has arranged a $31 million permanent loan for The Somerset at Montgomery, a 115-unit apartment complex in Central New Jersey. Completed in 2024, the two-building complex houses 92 market-rate units and 23 affordable apartments that are furnished with in-unit washers and dryers and private balconies. Amenities include a fitness center, business center and outdoor grilling and dining stations. Matthew Pizzolato, Josh Stein, Jason Gaccione, Shawn Rosenthal and Jake Salkovitz of CBRE arranged the loan through New York Life on behalf of the developer, County Classics.

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crescendo-exterior
DevelopmentFloridaLoansMultifamilySoutheast

13th Floor, Barings Receive $134M Construction Loan for Final Residential Tower at Link at Douglas in Miami

by Abby Cox

MIAMI — A partnership between 13th Floor Investments and Barings has received a $134 million construction loan for the development of Crescendo, the fourth and final residential tower located within the Link at Douglas mixed-use project in Miami. Santander Bank, TD Bank and First Horizon Bank provided financing. The first phase of Link at Douglas, which opened in 2023, included the 312-unit Core and 421-unit Cascade residential buildings, along with more than 30,000 square feet of retail space anchored by Milam’s Market. The project’s third residential tower, known as Cadence, is slated for completion in 2028 and will feature 432 apartments. With the addition of the 392-unit Crescendo in 2029, Link at Douglas will comprise approximately 1,500 residential units across four buildings. 13th Floor and Barings first broke ground on Link at Douglas in 2019. 13th Floor has multiple projects underway in South Florida, including Link at Boca in Boca Raton and Link at SoMi in South Miami.

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Build-to-RentLoansMidwestSingle-Family RentalWisconsin

Associated Bank Provides $8.8M Construction Loan for Build-to-Rent Community Near Milwaukee

by Kristin Harlow

GRAFTON, WIS. — Associated Bank has provided an $8.8 million construction loan for The Carillon at Grafton, a build-to-rent community in Grafton, about 22 miles north of downtown Milwaukee. Cirrus Property Group was the borrower. The project site is a 5.2-acre vacant lot at the intersection of Hunters and Mountain lanes, just west of Port Washington Road. The development will consist of 34 units across 10 buildings with 28 two-bedroom units and six three-bedroom residences. All homes will feature open floor plans, first-floor primary suites and a private fenced-in backyard with a one- or two-car attached garage. Construction is underway, and the first units are slated for occupancy in early 2027. Danielle Maletzke of Associated Bank managed the loan arrangements and closing.

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The owners who will come through the process successfully, are the ones who are proactive, realistic, and have a clear plan, whether they are refinancing, selling or bringing in a capital partner. — Ann Atkinson, Managing Director of Real Estate Capital Markets, Regions Bank
Content PartnerLoansMultifamilyRegions Real Estate Capital Markets

The Wave is Here: What Multifamily Loan Maturities Mean for Owners, Lenders & Brokers in 2026

by Jaime Lackey

The mass of multifamily loan maturities that has peaked over the past few years remains elevated and is destined to impact the industry in 2026. Coupled with current elevated interest rates, and what accompanies them, these loans pose challenges to owners faced with the need to refinance. These hurdles are proving too difficult for some owners who secured their current property loans during the record low-interest rate period several years ago and who are now over-levered. While the maturity wall did subside a bit in 2025, that doesn’t mean the 2026 volume of maturities isn’t sizable. According to the Mortgage Bankers Association 2025 Commercial Real Estate Survey of Loan Maturity Volumes, 13 percent of mortgages backed by multifamily properties will mature in 2026 — a wave that will inarguably lead to a surge in transaction activity, whether successful refinances or forced sales. How We Got Here Interest rates in the United States reached an all-time record low during the 2020 – 2021 period. Many apartment owners capitalized on the inexpensive cost of debt and financed their properties for extremely low rates. However, in the years since, the country has battled serious bouts of inflation which, in turn, have caused the …

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55-N-La-Cienega-Blvd-Beverly-Hills-CA
CaliforniaDevelopmentLoansMixed-UseMultifamilyRetailWestern

MMCC Arranges $85M in Construction Financing for Beverly Hills Mixed-Use Project

by Amy Works

BEVERLY HILLS, CALIF. — Marcus & Millichap Capital Corp. (MMCC) has arranged $85 million in construction financing for the development of a 297,771-square-foot mixed-use property at 55 N. La Cienega Blvd. in Beverly Hills. Sharone Sabar of MMCC arranged the financing on behalf of a private investor through a national banking institution. The four-year construction loan was structured at 65 percent loan-to-cost. The six-story property will features 140 multifamily residences and 13,303 square feet of ground-floor retail space. The project will include a three-level subterranean parking structure with 177 spaces, extensive community gathering areas, a restaurant and bar, a coffee shop, recreation lounge, theater, wet and dry saunas, conference facilities, private workspaces and a communal kitchen, as well as a rooftop deck with a resort-style pool. Eleven units will be designated for low-income households and an additional 11 units for moderate-income households.

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Hamilton-Logistics-Center-SLC-UT
IndustrialLoansUtahWestern

Hamilton Partners, Bow River Capital Receive $44.2M in Financing for Hamilton Logistics Center in Salt Lake City

by Amy Works

SALT LAKE CITY — Hamilton Partners and Bow River Capital have received $44.2 million in refinancing for Hamilton Logistics Center, a 474,600-square-foot Class A industrial asset at 8080 W. 1400 North in Salt Lake City. Chris Gandy, Jack Safford and Todd Torok of JLL Capital Markets arranged the floating-rate, five-year loan for the borrowers through a national insurance company. Completed in 2023, Hamilton Logistics Center features cross-dock industrial space with 36-foot clear heights, 56 dock-high doors, two drive-in doors and a 2,800-square-foot move-in ready speculative office space. Situated on 33.4 acres, the site includes 244 parking stalls and 156 trailer stalls on paved, illuminated land. The asset serves logistics and distribution users with access to the Wasatch Front’s labor pool of more than 1.2 million residents.

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Vista-Starkville
LoansMississippiSoutheastStudent Housing

JLL Secures $64M Refinancing for 820-Bed Student Housing Community Near Mississippi State University

by Abby Cox

STARKVILLE, MISS. — JLL has secured a $64 million refinancing for The Vista Starkville, an 820-bed student housing community located near the Mississippi State University campus in Starkville. Gregg Shapiro, Mike Brady, Sam Tarter, Christian Johnston and Connor McCarthy of JLL represented the borrower, Student Quarters, in securing the three-year, floating-rate loan from QuadReal Property Group. Built in 2019, the property offers 309 units in a mix of studio through five-bedroom configurations. Shared amenities include a fitness center, social lounge, resort-style pool and private resident parking. The community also features ground floor retail space occupied by Boardtown Pies & Pints. 

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LoansMichiganMidwestMultifamily

Berkadia Arranges $35.2M Refinancing for Multifamily Property in Suburban Detroit

by Kristin Harlow

LAKE ORION, MICH. — Berkadia has arranged a $35.2 million loan to refinance Indian Lake Village Apartments, a 394-unit multifamily property in Lake Orion, a village located in the northern outskirts of Detroit. Wesley Moczul, Mitch Sinberg, Scott Wadler, Matt Robbins and Brad Williamson of Berkadia arranged the financing on behalf of the sponsor, Farmington Hills, Mich.-based Fenton Management Co. Freddie Mac purchased the 10-year, fixed-rate loan. The garden-style property is situated on 58 acres and was built between 1995 and 1997. There are 27 residential buildings with a mix of apartments and townhomes averaging 1,012 square feet. Amenities include a clubhouse, fitness center, business center, pool, tennis and volleyball courts, a sauna, game room, billiards room, library and conference room, pet play area and covered parking.

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Star-Metals-Offices
GeorgiaLoansOfficeSoutheastTop Stories

Allen Morris Co. Receives $113.7M Loan for Refinancing of Office Tower at Star Metals District in Atlanta

by Abby Cox

ATLANTA — Allen Morris Co., a mixed-use developer based in Coral Gables, Fla., has received a $113.7 million loan from Mexico-based Banco Inbursa for the refinancing of Star Metals Offices, a 267,000-square-foot office tower in Atlanta’s West Midtown neighborhood. The transaction will retire the existing construction loan provided by Bank OZK and Barings.  “This refinancing is a testament to the quality and curation of what we have built at Star Metals Offices,” says Spencer Morris, president of Allen Morris Co. “Securing this financing package from Banco Inbursa — an institution that has become one of the most active and discerning real estate lenders in the country — reflects the caliber of our tenants, our retail program and the broader Star Metals District vision.” The 15-story office tower, which is 97 percent leased, opened in July 2021 and is the centerpiece of the $1.5 billion Star Metals District development. Tenants include Outreach, a new-to-market tech company; Nike’s regional technology hub; Signature, a leading coworking group; PrizePicks; Nelson Architecture; Brand Apart; PagerDuty; Sovos; and BMI, among others. Designed by Oppenheim Architecture and Warner Summers Architecture, Star Metals Offices features exterior balconies on each level, as well as a coffee shop, outdoor lounges/workspaces, a 5,000-square-foot rooftop restaurant …

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370-Lexington-Avenue-Manhattan
LoansNew YorkNortheastOffice

ACORE Capital Provides $110M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams

NEW YORK CITY — ACORE Capital has provided a $110 million loan for the refinancing of 370 Lexington Avenue, a 317,000-square-foot office building located in the Grand Central submarket of Midtown Manhattan. The building was originally constructed in 1929 and recently underwent renovations to the lobby, elevators, building access systems, hallways and bathrooms. The loan was executed as part of a larger, $138 million recapitalization, additional terms of which were not disclosed. The sponsor is a partnership between two locally based owner-operators, Broad Street Development and KSR Capital. Peter Greisinger arranged the financing.

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