Loans

BWE Secures $101M Loan for New Active Adult Community in Jacksonville

by John Nelson September 15, 2026

JACKSONVILLE, FLA. — BWE has secured a $101 million bridge loan for the refinancing of RISE at Glen Kernan Park, a new active adult community located at 4890 Sweetgrass Place in Jacksonville’s Southside neighborhood. Andy Effler of BWE led the team that closed the three-year, floating-rate loan through BlackRock affiliate HPS on behalf of the borrower, RISE, A Real Estate Company. The locally based developer is using the nonrecourse loan to retire the existing senior construction loan from Benefit Street Partners and the mezzanine loan from Pearlmark Real Estate, as well as funding reserves while RISE at Glen Kernan Park is in lease-up. The 308-unit property is reserved for households age 55 and older and features a mix of 109 one-bedroom and 127 two-bedroom luxury apartments, as well as 72 single-story cottage units with attached garages. Monthly rental rates range from $1,704 to $3,871, according to Apartments.com. Amenities include a fully equipped fitness facility, resort-style pool, pickleball courts and a bar and lounge room.

September 15, 2026

Arkansas Build-to-Rent Loans Multifamily Single-Family Rental Southeast

MMCC Arranges $53M Refinancing for Build-to-Rent Property in Rogers, Arkansas

by John Nelson September 15, 2026

ROGERS, ARK. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $53 million loan for the refinancing of The Grove, a 235-unit build-to-rent (BTR) residential community in Rogers. John Brickson of MMCC’s Dallas office arranged the three-year, nonrecourse loan on behalf of the borrower, a joint venture between Brittenum Group and Realty Capital Partners. The direct lender was not disclosed. Built in 2024, The Grove was 94.5 percent occupied at the time of financing and comprises 123 detached, two-story cottages and 112 attached townhome-style residences. Amenities include a resort-style pool, 24-hour fitness center, golf simulator, package lockers, coworking offices, a community kitchen and a pickleball court.

September 15, 2026

Industrial Loans Washington Western

Davis Property & Investment Receives $12M Refinancing for Multi-Building Industrial Park in DuPont, Washington

by Amy Works September 15, 2026

DUPONT, WASH. — David Property & Investment has received $12 million in refinancing for Center Plaza, a multi-building industrial park in DuPont. Mike Wood and Tim Brown of Gantry secured the financing through Securian Financial for the borrower. Center Plaza features a mix of industrial/flex facilities in a campus environment with a tenant roster of a diverse range of industries.

September 15, 2026

Acquisitions Illinois Loans Midwest Retail

Draper and Kramer Arranges $99.6M Acquisition Loan for Shopping Center in Skokie, Illinois

by Kristin Harlow September 15, 2026

SKOKIE, ILL. — Draper and Kramer Inc. has arranged a $99.6 million loan on behalf of Fairbourne Properties for the acquisition of Village Crossing, a 724,400-square-foot shopping center on the border between Skokie and Niles. Built in 1988, the grocery-anchored property includes Jewel-Osco, AMC and Dick’s Sporting Goods. Bill Barry and Bill Stewart of Draper and Kramer’s Commercial Finance Group arranged the loan. In addition to funding the acquisition, the loan will be used for tenant improvements and leasing commission costs for new leasing at the property.

September 15, 2026

Acquisitions California Industrial Loans Western

BridgeInvest Provides $87.9M Acquisition Loan for Industrial Facility in San Francisco

by Amy Works September 14, 2026

SAN FRANCISCO — BridgeInvest, an investment manager specializing in senior-secured real estate credit, originated an $87.9 million first priority acquisition loan and lease-up of 300 Kansas Street, a six-story Class A research and development property in San Francisco’s Mission bay submarket. Constructed in 2023, the 152,000-square-foot property will continue to be leased and stabilized by the sponsors, Lincoln Property Co. and Sabal Investment Holdings.The loan was originated through BridgeInvest Credit Fund V LP, the firm’s evergreen discretionary fund focusing on first-lien loans across a diversified set of real estate asset types.

September 14, 2026

Loans Multifamily New Jersey Northeast

Cushman & Wakefield Arranges $163.9M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams September 14, 2026

PARAMUS, N.J. — Cushman & Wakefield has arranged a $163.9 million construction loan for The Bergen Chapter, a 426-unit multifamily project that will be located adjacent to Bergen Town Center Mall in the Northern New Jersey community of Paramus. The Bergen Chapter will consist of two five-story residential buildings in which 15 percent of the units will be subject to income restrictions. The Bergen Chapter will feature amenities such as a pool, fitness center, lounges, coworking space and landscaped courtyards, as well as ground-floor retail space. John Alascio, Alex Hernandez, Chuck Kohaut, Alan Blank and Chris Meloni of Cushman & Wakefield arranged the debt through PCCP LLC on behalf of the borrower, a joint venture between two New Jersey-based firms, KRE Group and Russo Development.

September 14, 2026

Development Loans Multifamily New York Northeast Office Top Stories

Northwind Group Provides Two Loans Totaling $427M for New York City Office-to-Residential Conversion Projects

by Taylor Williams September 14, 2026

NEW YORK CITY — Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has provided two loans totaling $427 million for a pair of office-to-residential conversion projects in New York City. In the first deal, Northwind funded a $208 million loan for the partial conversion of 141 Willoughby Street, a 24-story 355,000-square-foot office building in downtown Brooklyn. The borrower, a joint venture between Capstone Equities and BH3 Fund Advisors, plans to redevelop the office space on floors eight through 23 into 239 apartments. Ownership plans to maintain office usage across the first seven floors of 141 Willoughby, which was originally constructed in 2023 but never occupied. Future residents will have access to amenities such as a fitness center, entertainment lounge, coworking space, wellness center, golf simulator, sports court, games room and a children’s playroom, along with landscaped terraces on the 10th and 20th floors and a full-time attended lobby. Lastly, the new ownership of 141 Willoughby, which has rebranded the building as 385 Gold, will maintain separate entrances and exits between the office and residential components. An expected completion date was not announced. “[The building at] 141 Willoughby Street was designed to an institutional standard, …

September 14, 2026

Arizona Loans Office Western

Foundation 8 Receives $44.5M Loan for Office Component of Mixed-Use Tower in Downtown Phoenix

by Amy Works September 11, 2026

PHOENIX — Foundation 8 has received a $44.5 million loan secured by the office component of 333 N. Central Avenue, a mixed-use tower in downtown Phoenix. Hilco Group Real Estate Capital structured the first mortgage financing to refinance existing acquisition financing and provide additional capital to support leasing costs, tenant improvements, capital improvements and other costs associated with the execution of Foundation 8’s business plan. New York-based Sterling Realty Capital acted as debt placement agent and financing advisor to Foundation 8 in connection with the transaction. Adi Bedi of Sterling Realty Capital led the financing assignment and worked closely with Foundation 8 and the Hilco Global practice throughout the structuring, underwriting and closing process. Built in 2010, the property comprises 246,490 square feet of office space across the top eight floors of the tower, 2,522 square feet of ground-floor retail space, rooftop amenity rights and shared access to the building’s parking structure. A separately owned 242-key Westin Hotel occupies the middle portion of the building. The financing will support the repositioning of the office space from a historically single-tenant corporate headquarters into a multi-tenant office property. Foundation 8 purchased the office component in December 2025. Originally purpose-built for Freeport-McMoRan, the …

September 11, 2026

Industrial Loans Self-Storage Utah Western

PSRS Arranges $6.3M Refinancing for Self-Storage Facility in Provo, Utah

by Amy Works September 11, 2026

PROVO, UTAH — PSRS has arranged $6.3 million in refinancing for a self-storage facility in Provo. The 130,510 rentable square-foot property offers 725 self-storage units that were 65 percent occupied at the time of refinancing. William DeFanti of PSRS secured the financing, which delivers significant cash-out proceeds alongside a 30-year amortization schedule. The borrower was undisclosed.

September 11, 2026

Loans Midwest Minnesota Multifamily

Gantry Arranges $48.3M in Financing for Multifamily Property in Maple Grove, Minnesota

by Kristin Harlow September 11, 2026

MAPLE GROVE, MINN. — Gantry has arranged a $48.3 million permanent Freddie Mac loan to retire construction financing for The Edison at Maple Grove, a multifamily property in Maple Grove, about 20 miles northwest of Minneapolis. The two-building, five-story asset features 248 units along with two stories of heated underground parking and an additional 149 surface parking spaces. Floor plans include one-, two- and three-bedroom layouts. Amenities include a pool, rooftop clubhouse, business center, fitness center, dog park and playground. Joe Monteleone and Bonnie Monteleone of Gantry represented the borrower, a private real estate investor. The 10-year, fixed-rate loan features interest-only payments for the full term.

September 11, 2026

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