Tuesday, April 21, 2026
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LoansMultifamilyNorth CarolinaSoutheast

Walker & Dunlop Arranges $105M Refinancing for Maeve Apartment Tower in Raleigh

by John Nelson

RALEIGH, N.C. — Walker & Dunlop has arranged a $105 million loan for the refinancing of Maeve, a 20-story apartment tower located at 319 W. Lenior St. in Raleigh. Capital Square delivered the 297-unit high-rise last year. Alexandra Huffman, Justin Nelson and P.J. Feichtmeier of Walker & Dunlop arranged the floating-rate, interest-only bridge loan through TPG Real Estate Finance. Situated in Raleigh’s Warehouse district, Maeve offers studio, one-, two- and three-bedroom residences, as well as 10,000 square feet of retail space and amenities such as a resort-style pool and rooftop lounge.

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LoansMultifamilyTexas

Newmark Arranges Bridge Financing for 360-Unit Apartment Community in Kemah, Texas

by Taylor Williams

KEMAH, TEXAS — Newmark has arranged an undisclosed amount of bridge financing for a 360-unit apartment community in Kemah, about 35 miles southeast of Houston. The Kippford at Kemah Crossing was built in 2023 and offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, walk-in closets and individual washers and dryers. Amenities include a pool, fitness center and coworking spaces. David Schwarz of Newmark arranged the debt through Greystar on behalf of the owner, a partnership between Allen Harrison Co. and Carlyle. 

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Rambler-Park-Dallas
AcquisitionsLoansOfficeTexas

Joint Venture Acquires 310,943 SF Office Building in North Dallas

by Taylor Williams

DALLAS — A joint venture between Dallas-based Pillar Commercial and New York-based Ascent Real Estate Advisors has acquired Rambler Park, a 310,943-square-foot office building in North Dallas. The 14-story building is located within a medical district that is anchored by Texas Health Presbyterian Hospital and is home to multiple healthcare tenants. Brian Carlton and De’On Collins of JLL arranged an undisclosed amount of acquisition financing for the deal through First Bank. The seller was not disclosed.

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LoansMultifamilyNew YorkNortheast

North Bridge Provides $8.5M C-PACE Loan for Midtown Manhattan Apartment Complex

by Taylor Williams

NEW YORK CITY — North Bridge, a provider of commercial credit solutions, has provided an $8.5 million C-PACE (Commercial Property Assessed Clean Energy) loan for Herald Towers, a three-building apartment complex located at 50 W. 34th St. in Midtown Manhattan. The borrower, JEMB Realty, will use the loan proceeds to fund infrastructural upgrades and modernize building systems across the 690-unit complex. According to North Bridge, the transaction represents the first multifamily C-PACE deal to close in New York City.

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110-Roy-St-Apts-Seattle-WA
LoansMultifamilyWashingtonWestern

Cushman & Wakefield Arranges $53M Refinancing for Multifamily Community in Seattle

by Amy Works

SEATTLE — Cushman & Wakefield has arranged $53 million in refinancing for 110 Roy Street, an apartment property in Seattle. Dave Karson, Chris Moyer, Alex Lapidus and Zarif Hasan of Cushman & Wakefield represented the borrower, Low Tide Properties, in securing the five-year financing, provided by Northwestern Mutual. Situated in Seattle’s Queen Anne neighborhood, 110 Roy Street features 167 studio, one- and two-bedroom apartments. Community amenities include a rooftop terrace, 24-hour fitness studio, pet spa and a resident lounge. Additionally, the property features 6,700 square feet of ground-floor retail space along Roy Street. The asset was developed by Continental Properties in partnership with Low Tide Properties.

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Prospect-Place-Hackensack
LoansMultifamilyNew JerseyNortheast

CBRE Provides $96M Agency Loan for Refinancing of Prospect Place Apartments in Hackensack

by Taylor Williams

HACKENSACK, N.J. — CBRE has provided a $96 million Freddie Mac loan for the refinancing of Prospect Place, a 360-unit apartment complex in Hackensack. Prospect Place consists of two buildings: an 18-story tower with 157 units and a five-story midrise building with 203 apartments. Residences come in one- and two-bedroom floor plans. Amenities include an outdoor pool, fitness center, clubhouse, resident lounge, business center, courtyard and a billiards room. Judah Hammer, Jason Gaccione, Shawn Rosenthal, Jake Salkovitz and Lauren Weinstein of CBRE originated the financing on behalf of the owner, Khosla Capital.

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PSRS-Flex-Industrial-Carlsbad-CA
CaliforniaIndustrialLoansWestern

PSRS Arranges $6.5M Refinancing for Flex Industrial Property in Carlsbad, California

by Amy Works

CARLSBAD, CALIF. — PSRS has arranged $6.5 million in refinancing for a flex industrial property in Carlsbad. Constructed in 1998 and renovated in 2022, the asset consists of two two-story buildings totaling 65,964 square feet of net rentable area. The fully occupied, three-tenant property features a specialized mix of climate-controlled R&D/lab, warehouse and office space tailored for the biotech and semiconductor industries. Trevan Swierczewski of PSRS secured the loan, which features a competitive spread over the five-year Treasury and a flexible prepayment structure, for the undisclosed borrower through a local bank.

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KansasLoansMidwestMultifamily

Gantry Secures $73M Refinancing for Kansas Multifamily Property

by Kristin Harlow

LENEXA, KAN. — Gantry has secured a $73 million permanent loan to refinance Prairie Creek Apartments & Townhomes in Lenexa. The 425-unit apartment community features a mix of garden-style and townhome buildings with one-, two- and three-bedroom floor plans. Amenities include a clubhouse, media room, business center, fitness center, pool, sports court, car wash facility and playground. Gantry’s Mark Reichter and Alec Frook represented the borrower, a private real estate investor. The Fannie Mae loan features a fixed interest rate and a five-year term.

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DevelopmentIllinoisLoansMidwestMultifamily

Draper and Kramer Provides $64.8M HUD-Insured Construction Loan for Chicago Apartment Project

by Kristin Harlow

CHICAGO — Draper and Kramer Inc. has provided a $64.8 million HUD 221(d)(4) construction loan on behalf of Riverside Investment & Development for a new 12-story, 199-unit apartment building at 566 W. Van Buren St. in Chicago’s West Loop. Matt Wurtzebach, Dave Tomfohrde, Bill Barry, Jeff Ross and Kevan Briscoe of Draper and Kramer originated the loan, which features a fixed interest rate with interest-only payments during construction and converts to a fully amortizing 40-year permanent loan after year 10. The $85 million project is slated for delivery in 2027.

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LeftBank-Fort-Worth
LoansMultifamilyTexas

JLL Provides Agency Acquisition Financing for 589-Unit Apartment Community in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — JLL has provided an undisclosed amount of Fannie Mae acquisition financing for LeftBank, a 589-unit apartment community in Fort Worth. Built in 2018 and located just west of the downtown area, LeftBank offers studio, one-, two-, three- and four-bedroom units that are furnished with stainless steel appliances, granite and quartz countertops, in-unit washers and dryers and private patios/balconies. Amenities include a pool, fitness center, bowling lounge, shared workspaces and a dog park with a washing station. Leon McBroom, Rob Bova, Lauren Dow and Ellie Savage of JLL originated the five-year, fixed-rate loan on behalf of the owner, Bow River Capital.

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