Tuesday, August 11, 2026
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Loans

16-20-Convent-Ave.-Manhattan
Affordable HousingDevelopmentLoansMultifamilyNew YorkNortheast

Affinius Capital Provides $40.7M Construction Loan for Upper Manhattan Multifamily Project

by Taylor Williams

NEW YORK CITY — Affinius Capital has provided a $40.7 million construction loan for an 84-unit multifamily project in Upper Manhattan. The borrower is Haussmann Development. The site is located within a Qualified Opportunity Zone at 16–20 Convent Ave., adjacent to Columbia University’s campus, and the mixed-income project will be developed pursuant to New York City’s 485-x tax abatement program. Information on floor plans, income restrictions and amenities was not disclosed. NDKazalas Architecture PC is designing the project, which is slated for an early 2028 completion.

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LoansNew JerseyNortheastRetail

CBRE Arranges $18.4M in Financing for Shopping Center in Perth Amboy, New Jersey

by Taylor Williams

PERTH AMBOY, N.J. — CBRE has arranged $18.4 million in financing for ≈, a 91,280-square-foot shopping center located in the Northern New Jersey community of Perth Amboy. A 60,665-square-foot ShopRite grocery store anchors the center, which was fully leased at the time of the loan closing to 15 tenants with a weighted average remaining lease term of 6.1 years. Richard Henry, Mike Ryan, Blake Cohen and J.P. Cordeiro of CBRE arranged the loan on behalf of the owner, Sterling Organization. The direct lender was not disclosed.

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LoansMultifamilyNevadaWestern

Newmark Arranges $33.5M Agency Loan for Refinancing of Reno Multifamily Property

by Amy Works

RENO, NEV. — Newmark has arranged a $33.5 million Fannie Mae loan for the refinancing of Ascent on Steamboat, a 204-unit community in Reno that is owned by Elan Multifamily Investments. Newmark’s Lowell Takahashi and Vince Punzi arranged the five-year, fixed rate loan. Located at 3300 Skyline Blvd. in Reno’s Old Southwest neighborhood, Ascent on Steamboat comprises one- and two-bedroom units and a pool, fitness center and clubhouse.

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1020-Spring
GeorgiaLoansOfficeSoutheast

Eldridge Capital Provides $278M Loan for Refinancing of Midtown Atlanta Office Tower

by Abby Cox

ATLANTA — Eldridge Capital Management has provided a $278 million loan to refinance Ten Twenty Spring, a 540,000-square-foot office tower located in Midtown Atlanta. Locally based Portman and funds affiliated with Blackstone Real Estate own the 25-story tower, which anchors Portman’s Spring Quarter mixed-use development at the corner of Spring and 10th streets. Ten Twenty Spring features floor-to-ceiling windows and 360-degree panoramic views of the city. Amenities include an indoor-outdoor bar; a multi-course, rooftop Japanese dining experience; 16,000 square feet of private office terraces; a coworking lounge; historic gardens, ground-floor retail space; and connectivity to the MARTA Midtown station. The tower was fully delivered in 2024. Tenants at Ten Twenty Spring include EY, Reed Smith and Pinnacle Financial Partners, which recently announced it will establish its corporate headquarters across five floors of the building. In addition, Sozou, a modern Japanese restaurant by Chef Fuyuhiko Ito, will open this summer. 

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Ibis Park at Harmony West
AcquisitionsBuild-to-RentFloridaLoansSoutheast

Berkadia Arranges $19.1M in Acquisition Financing for Build-to-Rent Community in St. Cloud, Florida

by Abby Cox

ST. CLOUD, FLA. — Berkadia has arranged $19.1 million in acquisition financing for Ibis Park at Harmony West, a newly constructed, build-to-rent (BTR) residential community located at 7110 Sandhill Crane Way in St. Cloud, about 28 miles south of Orlando. Brad Williamson, Kyle Ryan, Mitch Sinberg, Scott Wadler and Matt Robbins of Berkadia secured the financing on behalf of the Coral Gables, Fla.-based borrower, Bayshore Investment Partners (BIP), which purchased the property from D.R. Horton for $29.4 million. The five-year, fixed-rate loan features a full-term, interest-only structure. Completed in 2024, Ibis Park at Harmony West features 101 single-family rental homes with three-, four- and five-bedroom floorplans. Amenities include a clubhouse, fitness center, resort-style swimming pool, volleyball court, playground and outdoor gathering spaces.

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LoansMultifamilyTexas

Newmark Arranges $52M Loan for Refinancing of Metro Houston Multifamily Property

by Taylor Williams

CYPRESS, TEXAS — Newmark has arranged a $52 million loan for the refinancing of Cantera at Towne Lake, a 366-unit multifamily property in the northwestern Houston metro of Cypress. Built in 2008 within the Towne Lake master-planned community, the property offers one-, two- and three-bedroom units and amenities such as two pools, a fitness center, conference center and outdoor grilling and dining stations. Vince Punzi and Lowell Takahashi of Newmark arranged the loan on behalf of the borrower, California-based owner-operator The Bascom Group, which will use a portion ($4.4 million) of the proceeds to fund capital improvements. The direct lender was not disclosed.

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LoansMultifamilyNew YorkNortheast

Silver Arch Capital Provides $5.6M in Financing for Long Island Apartment Building

by Taylor Williams

HUNTINGTON STATION, N.Y. — Silver Arch Capital Partners, a New Jersey-based private lender, has provided $5.6 million in financing for a 16-unit apartment building in Huntington Station, located on Long Island. The building, the address of which was not disclosed, also includes two ground-floor retail spaces. The borrower is an entity doing business as BGNYAVE LLC.

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IndustrialLoansSelf-StorageTexas

MMCC Arranges $8.2M Loan for Refinancing of Self-Storage Facility in DeSoto, Texas

by Taylor Williams

DESOTO, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged an $8.2 million loan for the refinancing of Grizzly Self Storage, located in DeSoto, a southern suburb of Dallas. The number of units was not disclosed, but Grizzly Self Storage spans 132,265 net rentable square feet and offers both personal and commercial storage spaces. Doug Brooks of MMCC arranged the 10-year loan on behalf of the undisclosed borrower. The direct lender was also not disclosed.

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Sumner-Mill-Apts-Sumner-WA.jpg
LoansMultifamilyWashingtonWestern

Mesa West Capital Provides $52M Loan for Refinancing of Sumner Mill Apartments Near Seattle

by Amy Works

SUMNER, WASH. — Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments in Sumner, approximately 30 miles south of Seattle. Joshua Westerberg led the Mesa West Capital team that originated the loan. Jake Roberts of BWE’s Los Angeles office arranged the financing. Delivered in 2024 by the sponsor, Sumner Mill Apartments features 162 garden-style studio, one- and two-bedroom apartments spread across 3.8 acres at 5816 162nd Ave. E. Community amenities include an outdoor pool, fitness center, resident clubhouse with full kitchen, conference room, package room, dog park, picnic area, EV-enabled parking spaces and rooftop solar panels.

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PSRS-San-Bernardino-CA
CaliforniaLoansOfficeWestern

PSRS Arranges $11.2M Loan for Refinancing of Office Building in San Bernardino, California

by Amy Works

SAN BERNARDINO, CALIF. — Commercial mortgage banking firm PSRS has arranged a $11.2 million loan for the refinancing of a nine-story office building in San Bernardino. At the time of financing, the 126,000-square-foot property was 89 percent leased to tenants such as the Internal Revenue Service (IRS) and the City of San Bernardino. Jacob Lee and Nathan Toomey of PSRS arranged the loan, which was structured with a five-year term, a 25-year amortization schedule and a dedicated reserve for capital expenditures. The direct lender and borrower were not disclosed.

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