Loans

CBRE Arranges $81M Construction Loan for Multifamily Development in Charlotte

by John Nelson October 30, 2026

CHARLOTTE, N.C. — CBRE has arranged an $81 million construction loan for Sutherland at Piper Glen, a 299-unit apartment development located at 9621 Elm Lane in Charlotte’s Piper Glen neighborhood. Nate Sittema, Kristen Reilley and Elliott Voreis of CBRE’s Debt & Structured Finance team arranged the financing through Western-Southern Life Insurance Co. on behalf of the borrower, a consortium of investors led by the developer, RK Investors. The community will feature four five-story apartment buildings atop structured parking. Planned amenities include a fitness center, bike storage, coworking spaces, golf simulator, game room, swimming pool, fire pit, grilling areas, pet wash station and a coffee bar. The development team plans to launch leasing for Sutherland at Piper Glen next fall, with first units scheduled for delivery in March 2028. The property will be the multifamily component of Greenway at Piper Glen, a master-planned development by RK Investors.

October 30, 2026

Loans Multifamily Texas

Thorofare Capital Provides $16.5M Acquisition Loan for Houston Multifamily Property

by Taylor Williams October 30, 2026

HOUSTON — Los Angeles-based Thorofare Capital has provided a $16.5 million acquisition loan for a 240-unit multifamily property in Houston. The undisclosed property is located on the city’s northwest side and offers one-, two- and three-bedroom units with an average size of 969 square feet. The borrower and direct lender were also not disclosed. A portion of the loan proceeds will be used to further both interior and exterior capital improvements at the property.

October 30, 2026

California Development Loans Multifamily Student Housing Western

Northmarq Arranges $24M in Construction Financing for Student Housing Project Near UC Berkeley

by Amy Works October 30, 2026

BERKELEY, CALIF. — Northmarq has arranged $24 million in construction financing for the development of 2372 Ellsworth Street, a 166-bed student housing community located at the corner of Ellsworth Street and Channing Way near the University of California, Berkeley campus. Briana DeHaan and Brandy Buttram of Northmarq secured the financing on behalf of an undisclosed borrower. The community will offer 49 units upon completion. Further details on the project were not announced.

October 30, 2026

Development Loans New York Northeast

JLL Arranges $135M in Construction Financing for Yonkers Multifamily Project

by Taylor Williams October 30, 2026

YONKERS, N.Y. — JLL has arranged $135 million in construction financing for The Ibex at Ridge Hill, a 282-unit multifamily project that will be located north of New York City in Yonkers. The financing consists of a $93 million construction loan from Bank OZK and $42 million in equity from Eagle Realty Group. Evan Pariser, Aaron Niedermayer and John Lowe of JLL arranged the financing on behalf of the sponsor, a partnership between Saber-Hightower and Rafferty Real Estate. The Ibex at Ridge Hill will be a 17-story building with 254 market-rate units and 28 affordable housing units, as well as 423 parking spaces and 5,000 square feet of ground-floor retail space. Information on floor plans was not disclosed. Amenities will include a pool, fitness center with a yoga studio, residential and coworking lounges, rooftop deck and a 17th-floor sky lounge. Beyer Blinder Belle and ESG | Architecture & Design are the project architects, and Callahan Construction Managers in the general contractor.

October 30, 2026

Development Loans Multifamily New Jersey Northeast

PCCP Provides $130M Construction Loan for Newark Multifamily Project

by Taylor Williams October 29, 2026

NEWARK, N.J. — Los Angeles-based PCCP LLC has provided a $130 million senior construction loan for a 501-unit multifamily project in Newark. The project represents Phase II of a larger development known as Ballantine and will consist of 400 market-rate units and 101 affordable housing units, as well as a 57,500-square-foot Food Bazaar grocery store, within a seven-story building. Residences will come in studio, one-, and two-bedroom floor plans, and amenities will include a fitness center with a yoga studio, two courtyards, a pool, basketball court and coworking space. The borrower, a joint venture between Bogopa Enterprises and Shorewood Real Estate Group, expects to complete the project in late 2028.

October 29, 2026

California Development Loans Multifamily Western

Truist Provides $152M Construction Loan for Marina Shores Multifamily Project in Long Beach

by Amy Works October 29, 2026

LONG BEACH, CALIF. — Truist has closed a $152 million construction loan for Marina Shores, an apartment community at 6615 E. Pacific Coast Highway in Long Beach. Carmel Properties is developing the asset. The six-story project will convert an office complex and surface lot into a mixed-income community with 390 apartments and approximately 5,400 square feet of ground-floor retail space. Construction began in October, with completion slated for March 2029. Truist served as administrative agent and sole bookrunner on the development loan. Jason Paxton and Walt Reece led the transaction.

October 29, 2026

California Loans Retail Western

Gantry Secures $31M Refinancing for Value-Add Retail Property in Southern California

by Amy Works October 29, 2026

LANCASTER, CALIF. — Gantry has secured a $31 million permanent refinance for the Valley Central Shoppes, located at 44410-44690 Valley Central Way in Lancaster. Tony Kaufmann, Jake Davis and Ramza Zeiter of Gantry represented the borrower, a private real estate investor. The 10-year, fixed-rate, nonrecourse loan was secured from one of Gantry’s insurance company correspondents. Gantry will service the loan for the lender. The 174,000-square-foot inline center is part of a master-planned retail power center cluster and shadow anchored by a Walmart Supercenter and a Food 4 Less. Additional tenants includes Boot Barn, Staples, Marshalls, Five Below, Planet Fitness, Starbucks Coffee, Jersey Mike’s Subs, Black Angus Steakhouse, Ulta, Sally Beauty Supply, Lenscrafters, Calidental, America’s Tire Co. and additional entertainment, restaurant and necessities retailers.

October 29, 2026

Alabama Florida Industrial Loans Maryland North Carolina Southeast Texas Top Stories

Adler Real Estate Partners Receives $212.8M Refinancing for Sun Belt Industrial Portfolio

by Hayden Spiess October 29, 2026

MIAMI — Adler Real Estate Partners has received a $212.8 million loan for the refinancing of an eight-property industrial portfolio spanning several states in the Southeast and Texas. Together, the properties total 43 buildings and roughly 1.6 million square feet in Alabama, Florida, Maryland, North Carolina and Texas, located in markets including Austin, Dallas-Fort Worth, South Florida, Charlotte, Birmingham and the Baltimore-Washington corridor. The collection includes multi-tenant business parks and light industrial assets. At the time of financing, the properties were leased to more than 115 tenants within 22 industries, including the medical and pharmaceutical, building services, manufacturing, technology, professional services, healthcare and logistics industries. The average tenant tenure across the portfolio is 10.5 years. Melissa Rose, Michael DiCosimo, Jack Britton, Kate Rathman, Nicole Diaz and Magnus Kron of JLL Capital Markets secured the financing on behalf of the borrower. An undisclosed life insurance company provided the loan. Based in Miami, Adler Real Estate Partners specializes in acquiring and operating multi-tenant light industrial properties throughout the United States. This transaction marks the second major recapitalization for the company this year. In July, Adler secured a $343 million refinancing for a portfolio of light industrial assets, including $140 million in equity and …

October 29, 2026

Loans Multifamily Northeast Pennsylvania

CBRE Arranges $85M in Financing for Apartment Community in Downingtown, Pennsylvania

by Taylor Williams October 28, 2026

DOWNINGTOWN, PA. — CBRE has arranged $85 million in financing for Mi-Place at Downingtown, a 318-unit apartment community located on the western outskirts of Philadelphia. The property features one-, two- and three-bedroom units and amenities such as a pool, clubhouse, fitness center, pickleball courts and a dog park. Matthew Klauer and Cassandra Russell of CBRE arranged the loan through Barings on behalf of the owner, Fernmoor Homes.

October 28, 2026

Loans Multifamily Nevada Western

Dwight Investment Management Provides $73M Bridge Loan for Reno Multifamily Community

by Amy Works October 28, 2026

RENO, NEV. — Dwight Investment Management, an affiliate of Dwight Capital, has closed a $73 million bridge refinancing for Ballpark Apartments in Reno. Brandon Baksh, Tommy Ng and Talisse Thompson of Dwight Investment Management originated the loan on behalf of the borrower, a joint venture between Bridge Investment and Pacific Development. Loan proceeds were used to refinance existing senior debt, fund an interest reserve, cover transaction costs and return equity to the borrower. The 486,000-square-foot Ballpark Apartments community spans a city block in downtown Reno. The five-story property features 368 apartments, a pool, spa, 24-hour fitness center and a rooftop lounge overlooking Greater Nevada Field, a minor league baseball venue.

October 28, 2026

Newer Posts

Older Posts