Loans

JLL Arranges $53M Refinancing for Apartment Community in Huntsville

by John Nelson October 6, 2026

HUNTSVILLE, ALA. — JLL has arranged a $53 million refinancing loan for Bobo Development Group’s Arcadia Huntsville. The 250-unit property at 4810 Bradford Drive in Huntsville’s Cumming Research Park was completed in 2024. Newport Beach, Calif.-based Revitate is a limited partner in the project. Arcadia features studios, one- and two-bedroom floor plans, 18,000 square feet of retail and such amenities as a heated saltwater pool, clubhouse with demonstration kitchen, fitness center, coworking space, dog park, electric vehicle charging stations and outdoor grilling stations and lounge areas with gas fire pits. Gregg Shapiro, Anthony Sansone, Kelsey Bawcombe, Connor McCarthy and Jada Cooper headed up JLL’s team for the refinancing.

October 6, 2026

Affordable Housing Loans Massachusetts Multifamily Northeast

Northmarq Provides $22.8M Agency Acquisition Loan for Metro Boston Affordable Housing Complex

by Taylor Williams October 6, 2026

LAWRENCE, MASS. — Northmarq has provided a $22.8 million Fannie Mae acquisition loan for Elora Flats & Townhomes, a 104-unit affordable housing complex in Lawrence, a northern suburb of Boston. Built in 2009, Elora Flats & Townhomes comprises six four-story buildings with 48 one-bedroom units, 23 two-bedroom residences and 33 three-bedroom apartments. All units are reserved for households earning 80 percent or less of the area median income. Kevin Sykes, Ed Riekstins and Jeffrey Munoz of Northmarq originated the loan through Fannie Mae’s Delegated Underwriting Service (DUS) program on behalf of the borrower, Arrowpoint Properties.

October 6, 2026

Development Florida Loans Multifamily Southeast

PTM Partners Obtains $125M Construction Loan for Phase II of High-Rise Project in St. Petersburg, Florida

by Abby Cox October 5, 2026

ST. PETERSBURG, FLA. — PTM Partners has obtained a $125 million construction loan to finance EDGE Collective II, a 330-unit residential development in downtown St. Petersburg’s EDGE District. Scott Wadler, Alec Fox, Mitch Sinberg, Matt Robbins and Brad Williamson of Berkadia arranged the three-year, floating-rate loan through an affiliate of GID on behalf of PTM Partners. Rising 20 stories, EDGE Collective II will feature 330 residential units with roughly 19,000 square feet of retail space. Further details of the project were not disclosed. Berkadia also advised PTM Partners on the debt and equity capitalization of Edge Collective’s first phase, including $42 million in construction financing for the Moxy St. Petersburg Downtown and the adaptive reuse components of the mixed-use development.

October 5, 2026

Development Florida Loans Multifamily Southeast Walker & Dunlop

Walker & Dunlop Provides $75M Refinancing of 23-Story Multifamily Tower in Metro Tampa

by Abby Cox October 5, 2026

ST. PETERSBURG, FLA. — Walker & Dunlop has provided a $75 million Freddie Mac loan to refinance EVO St. Petersburg, a 220-unit residential complex located at 334 2nd Ave. S. in St. Petersburg. Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Michael Stepniewski, Michael Ianno and Cody Ela of Walker & Dunlop arranged the fixed-rate financing on behalf of the borrower, FrontRange Capital Partners. Delivered in 2023, the 23-story tower features studio, one-, two- and three-bedroom floorplans. The community provides roughly 23,000 square feet of indoor-outdoor amenities including a swimming pool, fitness center, business center, clubhouse, a pet play area and 13,000 square feet of ground-floor retail.

October 5, 2026

Affordable Housing Loans Multifamily New York Northeast

Walker & Dunlop Arranges $170.5M Loan for Refinancing of Harlem Apartment Community

by Taylor Williams October 5, 2026

NEW YORK CITY — Walker & Dunlop has arranged a $170.5 million permanent loan for the refinancing of Lenox Terrace, a 1,696-unit apartment community in Harlem. Opened in 1958, Lenox Terrace primarily offers rent-restricted residences that are housed across six 16-story buildings. Amenities include landscaped green spaces, a dog park and a playground. Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno and Cody Ela of Walker & Dunlop arranged the loan through Chase Commercial Bank on behalf of the owner, The Olnick Organization.

October 5, 2026

California Loans Multifamily Seniors Housing Top Stories Western

JLL Arranges $276M Refinancing for Southern California Seniors Housing Portfolio

by Taylor Williams October 5, 2026

NEWPORT BEACH, CALIF. — JLL has arranged two loans totaling $276 million for the refinancing of a two-property seniors housing portfolio in the Newport Beach area of Southern California. The portfolio totals 395 units. The borrower is an affiliate of owner-operator Nexus Development. The first piece of the transaction involves a $140 million loan for Vivante Newport Center, a six-story, luxury community that features 99 independent living, assisted living and memory care units. Vivante Newport Center also offers a theater, bowling alley and a golf simulator, in addition to multiple onsite food-and-beverage options. The second component of the deal features $136 million in agency financing for Vivante Newport Mesa, a 296-unit community that was built in phases between 2013 and 2020. Vivant Newport Mesa comprises two buildings on a 6.8-acre site that also offer independent living, assisted living and memory care services. An undisclosed national bank provided the loan for Vivante Newport Center, and the name of the agency that originated the financing for Vivante Newport Mesa was also not disclosed. Greg Brown and Aaron Rosenzweig of JLL acted as intermediaries on both deals.

October 5, 2026

Development Loans Multifamily Texas

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

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