Loans

Concord Summit Arranges $50M in Construction Financing for Fort Worth Multifamily Project

by Taylor Williams October 2, 2026

FORT WORTH, TEXAS — Concord Summit Capital, a South Florida-based intermediary, has arranged $50 million in construction financing for Vic Centre Apartments, a 268-unit multifamily project in Fort Worth. Vic Centre will be located on the city’s east side and will consist of nine three-story buildings that will house studio, one- and two-bedroom units. Specifics on the “premium” amenity package were not disclosed. David Larson and Keegan Burger of Concord Summit Capital arranged the financing, which includes both senior and mezzanine debt that was structured with an 80 percent loan-to-value ratio, on behalf of the sponsor, a partnership between Summa Terra Ventures and M13 Construction. The direct lender was not disclosed. Construction is underway and expected to be complete within 24 months.

October 2, 2026

Hospitality Loans Massachusetts Northeast

Driftwood Capital, MRC Fund Refinancing of Boston Residential Hotel

by Taylor Williams October 2, 2026

BOSTON — Miami-based Driftwood Capital and New York City-based Madison Realty Capital (MRC) have funded the refinancing of a 147-unit residential hotel in Boston’s Back Bay neighborhood. The amount(s) was not disclosed. The Raffles Boston Hotel & Residences opened in fall 2023 and offers a mix of residential-style guestrooms and suites. Guests have access to a wellness center with a pool, spa and fitness center, as well as three onsite restaurants and bars and butler service. The borrower is London-based investment firm Cain.

October 2, 2026

Affordable Housing California Development Loans Multifamily Western

KeyBank Provides $92.9M in Financing for Affordable Housing Development in Los Angeles

by Amy Works October 2, 2026

LOS ANGELES — KeyBank Community Development Lending and Investment (CDLI) has provided $92.9 million in financing for Broadway & Imperial, a new affordable housing development in South Los Angeles. The financing package includes a $43.8 million construction loan and an $18.1 million federal Low-Income Housing Tax Credit (LIHTC) equity investment from KeyBank CDLI. Key Commercial Mortgage Group arranged a $31 million Fannie Mae permanent loan, and KeyBanc Capital Markets underwrote a $31 million public bond issuance as part of the financing structure. Developed by SoLa Impact, Broadway & Imperial will feature 164 affordable apartments and two manager units that will be housed within four- and five-story buildings. Residents will have access to a range of amenities, including a lobby, rooftop deck, community room and three landscaped courtyards. Supportive services will be provided onsite by LifeSTEPS and will include educational, financial literacy, health and wellness and counseling services. Additionally, residents will have access to programs offered by the SoLa Foundation, including opportunities available through the SoLa Tech & Entrepreneurship Center Powered by Riot Games. Matthew Haas and Eileen Tran of KeyBank CDLI, along with Shana Daby of Key Commercial Mortgage Group, arranged the financing. Alex Stekler of KeyBanc Capital Markets marketed …

October 2, 2026

Development Loans Multifamily Utah Western

JLL Arranges Equity Placement for 217-Unit Multifamily Development in Bluffdale, Utah

by Amy Works October 2, 2026

BLUFFDALE, UTAH — JLL Capital Markets has arranged an equity placement for a multifamily development at 15580 Plentiful Way in Bluffdale, located south of Salt Lake City. Chris Gandy, Kevin Barron and Ellie Savage of JLL Capital Markets’ Equity Advisory represented the developer, Six Ridge Partners, in the equity placement. Situated within the master-planned Independence at the Point community, the five-story, midrise building will feature 217 apartments in studio, one-, two- and three-bedroom layouts, with an average unit size of 792 square feet. Community amenities will include a pool, spa, clubhouse, fitness center, coworking lounge, theater, game room and a rooftop deck. The average monthly rent is projected at $1,558.

October 2, 2026

Loans Office Retail Southeast Tennessee

BWE Arranges $42.5M Loan to Refinance Historic Baggage Building in Nashville

by Abby Cox October 2, 2026

NASHVILLE, TENN. — BWE has arranged a $42.5 million loan to refinance the historic Baggage Building, a 61,000-square-foot office and retail property located at 111 10th Ave. S near Nashville’s Gulch district. Nick Harb of BWE secured the financing through a regional bank on behalf of the borrower, DZL Properties. The loan features a “meaningful” interest-only payment period. The Baggage Building was originally built between 1898 and 1900 as part of the Louisville-Nashville Railroad/Union Station terminal complex used to handle luggage and freight. Renovated in 1999, tenants at the four-story property include Pinnacle Bank, The Finch Grill & Raw Bar and Global Medical Research.

October 2, 2026

Illinois Industrial Loans Midwest Multifamily

Draper and Kramer Arranges Two Loans Totaling $27.5M for Chicago-Area Multifamily, Distribution Properties

by Kristin Harlow October 2, 2026

CHICAGO AND BRIDGEVIEW, ILL. — Draper and Kramer Inc. has arranged two loans totaling $27.5 million. The transactions include a $13.5 million loan to finance the acquisition of a three-building industrial complex in Bridgeview, a southwest suburb of Chicago, and a $14 million bridge loan for a 56-unit multifamily property in Chicago’s Edgewater neighborhood. Dan Freedman and Chris Beck of Draper and Kramer’s Commercial Finance Group arranged the loans. The distribution center serves as the headquarters for Chicagoland Quad Cities Express. A joint venture between Curtis Ashton Partners and Burnham Industrial Partners was the borrower. A correspondent life insurance company provided the loan. The newly constructed multifamily property is located at 1101 W. Berwyn Ave. Draper and Kramer secured the bridge loan on behalf of the developer with a two-year initial term and an option to extend for an additional three years.

October 2, 2026

Industrial Loans Self-Storage Texas

Talonvest Capital Arranges $47.7M Permanent Loan for Texas Self-Storage Portfolio

by Taylor Williams October 1, 2026

NEWPORT BEACH, CALIF. — Talonvest Capital, a California-based intermediary, has arranged a $47.7 million permanent loan for a portfolio of six self-storage facilities in Texas. The number of units was not disclosed, but the portfolio spans more than 600,000 net rentable square feet. The facilities are located in Austin, McKinney, Frisco, Houston and Bee Cave. The borrower was a partnership between The Jenkins Organization, a Houston-based owner-operator, and Kansas-based Clark Investment Group The direct lender was not disclosed.

October 1, 2026

Loans Multifamily New York Northeast Seniors Housing

JLL Arranges $41.1M Construction Loan for Long Island Seniors Housing Project

by Taylor Williams October 1, 2026

EAST ISLIP, N.Y. — JLL has arranged a $41.1 million construction loan for Benchmark at East Islip, a seniors housing project on Long Island. Benchmark at East Islip will offer 64 assisted living units and 26 memory care apartments across 104 licensed beds. Amenities will include multiple dining venues, a theater, fitness center, salon and various outdoor spaces. Jim Dooley led the JLL team that arranged the debt on behalf of the borrower, a joint venture between National Development and an affiliate of Benchmark Senior Living. The direct lender was not disclosed. Construction is underway and expected to be complete in early 2028.

October 1, 2026

Loans New York Northeast Retail

Northmarq Places $13.5M in Financing for Retail Property in Middle Island, New York

by Taylor Williams October 1, 2026

MIDDLE ISLAND, N.Y. — Northmarq has placed $13.5 million in financing for Strathmore Commons Shopping Mall, a 146,381-square-foot retail property in the Long Island community of Middle Island. Built in 1991, Strathmore Commons is a grocery-anchored center that is also home to tenants such as McDonald’s, Giunta’s Meat Farms, NYU Langone Health, Gold’s Gym, Subway, Dollar Tree and Carvel. Robert Delitsky and Dylan Hamer of Northmarq arranged the financing through WoodmenLife on behalf of the undisclosed borrower.

October 1, 2026

Florida Loans Multifamily Southeast

Walker & Dunlop Arranges $238M Refinancing for Landmark South Apartments in Doral, Florida

by John Nelson September 30, 2026

DORAL, FLA. — Walker & Dunlop has arranged a $238 million loan for the refinancing of The Landmark South, a 631-unit apartment community located at 6055 N.W. 105th Court in Doral, a western suburb of Miami. Aaron Appel, Michael Stepniewski, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Sean Bastian and Stanley Cayre of Walker & Dunlop arranged the floating-rate, interest-only bridge loan from Torchlight Investors on behalf of the borrower, JSB Capital. Completed in two phases in 2017 and 2021, The Landmark South comprises one-, two- and three-bedroom residences averaging 1,017 square feet in size. Amenities include two resort-style pools, two 24-hour fitness centers, outdoor courtyards, a business center, pet spa, resident lounges and structured parking.

September 30, 2026

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