Loans

JLL Arranges $111M Construction Loan for Multifamily Development in Miami’s Edgewater District

by Abby Cox July 10, 2026

MIAMI — JLL Capital Markets has arranged a $111 million construction loan for the development of Sense22, a 328-unit multifamily project located in Miami’s Edgewater neighborhood. Max La Cava and Pier Barinci of JLL secured the three-year loan through S3 Capital on behalf of the borrower, HA Emprendimientos, a real estate development and construction company based in Buenos Aires, Argentina. JLL also previously secured the land and predevelopment loan for the property in 2025. The project is slated for completion in 2028. Sense22 will comprise 36 stories and will offer a mix of studios, one- and two-bedroom apartments. Amenities will include a resort-style swimming pool deck, a furnished rooftop terrace with outdoor grilling areas, spa, a fitness center and coworking spaces, along with 372 parking spaces.

July 10, 2026

Florida Loans Multifamily Southeast

Berkadia Secures $85.4M Refinancing of Two Orlando Multifamily Communities

by Abby Cox July 10, 2026

ORLANDO AND DAVENPORT, FLA. — Berkadia has secured a combined $85.4 million for the refinancing of two Orlando-area multifamily communities. Matt Robbins, Mitch Sinberg, Brad Williamson, Scott Wadler and Hugo Hernandez of Berkadia arranged the financing through Walton Street Capital on behalf of the borrower, Boston-based Taurus Investment Holdings. The first property, known as The Summit at MetroWest, is located at 6500 Metrowest Blvd., and features 280 multifamily apartments with a mix of one-, two- and three-bedroom floorplans. Amenities include a swimming pool, game room, sun deck, golf course, a grilling and picnic area and a dog park, according to Apartments.com. The second property, named The Legends at ChampionsGate, is situated at 8101 Champions Circle in Davenport and comprises 252 apartments in one- to four-bedroom configurations. Amenities include a clubhouse, business center, swimming pool, fitness center, playground, sun deck, cabana and grills.

July 10, 2026

Acquisitions Kentucky Loans Multifamily Southeast

Four Mile, Midloch Acquire Apartment Community in Louisville for $38.3M

by Abby Cox July 10, 2026

LOUISVILLE, KY. — A joint venture between Four Mile Capital and Midloch Investment Partners has acquired Frontgate Apartments, a 212-unit complex located in Louisville, for $38.3 million. Four Mile assumed an existing fixed-rate HUD loan on the property valued at approximately $27 million. The seller was not disclosed. Built in 2020, Frontgate Apartments offers a mix of one-, two- and three-bedroom floorplans, with an average size of 1,125 square feet. Amenities include a clubhouse, resort-style swimming pool, 24-hour fitness center and a dedicated dog park and dog spa. Four Mile plans to improve the property by installing washers and dryers in every unit and offering community-wide internet service, as well as improving leasing and overall operations. Four Mile will manage Frontgate through its affiliate Kalos Residential, which also manages the firm’s neighboring community, Avalon Springs.

July 10, 2026

Loans Midwest Multifamily Nebraska

MMCC Arranges $25.8M in Financing for Omaha Multifamily Property

by Kristin Harlow July 10, 2026

OMAHA, NEB. — Marcus & Millichap Capital Corp. (MMCC) has arranged $25.8 million in financing for the Preserve at Evans Place, a 418-unit multifamily property located at 10505 Evans Plaza in Omaha. Robert Bhat of MMCC arranged the two-year, nonrecourse financing on behalf of a private client. The loan, provided by a regional bank, features a 5.8 percent interest rate and an 80 percent loan-to-value ratio. The property was recently renovated and offers a mix of one- and two-bedroom units. Amenities include a clubhouse, fitness center, barbecue area, swimming pool and pet park.

July 10, 2026

Loans New York Northeast Office

JLL Arranges $352M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams July 9, 2026

NEW YORK CITY — JLL has arranged a $352 million loan for the refinancing of 425 Lexington Avenue, a 750,000-square-foot office building in Midtown Manhattan. The 31-story building occupies a full city block between 43rd and 44th streets and was 99 percent leased at the time of the loan closing. Law firm Simpson Thacher & Bartlett is the long-time anchor tenant at the building, which also recently received $35 million in capital improvements, including a new amenity center. Christopher Peck, Drew Isaacson, Christopher Pratt and Jennifer Zelko of JLL arranged the floating-rate loan, which was pre-placed entirely with funds and accounts managed by BlackRock, through Goldman Sachs. The borrower is Vanbarton Group.

July 9, 2026

District-at-15Fifteen-Parsippany-New-Jersey

Loans New Jersey Northeast

Affinius Capital Provides $188M Loan for Refinancing of Northern New Jersey Apartment Community

by Taylor Williams July 9, 2026

PARSIPPANY, N.J. — Affinius Capital has provided a $188 million loan for the refinancing of District at 15Fifteen, a 498-unit apartment community located in Northern New Jersey city of Parsippany. District at 15Fifteen comprises three buildings on a 12.7-acre site and includes 58,800 square feet of retail space. Amenities include a fitness/wellness space, coworking and conference areas, lounges, party rooms, courtyards, a pool, roof deck, simulator rooms, dog wash/pet spa areas and a dedicated gym for age-restricted residents. John Alascio, Chuck Kohaut, Meredith Donovan, Niko Nicolaou and Ryan Dowd of Cushman & Wakefield arranged the debt. The borrower, a joint venture between PCCP, Claremont Development, and Stanbery Development Group, will use a portion of the proceeds to complete lease-up and stabilization of the property.

July 9, 2026

Illinois Loans Midwest Multifamily

JLL Arranges $124.6M Refinancing for Luxury Apartment Tower in Chicago

by Kristin Harlow July 9, 2026

CHICAGO — JLL Capital Markets has arranged a $124.6 million refinancing for Arthur on Aberdeen, a newly stabilized luxury apartment tower in Chicago’s Fulton Market neighborhood. Located at 210 N. Aberdeen St., the property rises 18 stories with 363 units. Delivered in 2024, the asset is 92 percent occupied. Amenities include a rooftop pool and spa, a fitness center spanning more than 2,000 square feet, a podcasting studio and coworking spaces. The community also includes roughly 10,000 square feet of fully leased ground-floor retail space. Danny Kaufman, Medina Spiodic, Rebecca Mitchell, Merrick Evans and Annie Thomas of JLL represented the borrower, LG Development Group LLC, in arranging the three-year, floating-rate loan through Pacific Life Insurance Co.

July 9, 2026

Acquisitions Illinois Loans Midwest Retail

Marcus & Millichap Brokers $14M Sale of LA Fitness-Anchored Retail Property in Metro Chicago

by Kristin Harlow July 9, 2026

MUNDELEIN, ILL. — Marcus & Millichap has arranged the nearly $14 million sale and financing of a LA Fitness-anchored, four-suite retail property in Mundelein. Austin Weisenbeck and Shean Sharko of Marcus & Millichap marketed the property on behalf of the seller, an experienced real estate investor and developer in Chicagoland. The Sharko | Weisenbeck | Mendoza Group also procured the out-of-state buyer, which completed a 1031 exchange. Dean Giannakopoulos of Marcus & Millichap Capital Corp. arranged $9.8 million in acquisition financing through a regional lender. The 89,357-square-foot shopping center is situated on 7.5 acres at 1555 S. Lake St. Built in 2019, the property is home to Kids Empire, The Dog Stop and The Picklr Club. The asset is part of Townline Square Shopping Center.

July 9, 2026

Loans Midwest Multifamily Wisconsin

Priority Capital Advisory Secures $11.5M Loan for Recapitalization of Wisconsin Multifamily Property

by Kristin Harlow July 9, 2026

MADISON, WIS. — Priority Capital Advisory has secured an $11.5 million senior loan on behalf of REALM and OTR Real Estate for the recapitalization of Vivo Madison, a 153-unit multifamily property located at 517 Grand Canyon Drive in Madison. The joint venture acquired the property, which was a Radisson hotel at the time of acquisition, in April 2023 and converted the hotel into a multifamily asset. The main scope of work included adding kitchenettes in all units and building out common area amenities. The property received its multifamily Certificate of Occupancy in January 2026 and is currently 56 percent leased, with full occupancy anticipated by the end of this year. Vivo Madison features 147 studios and six one-bedroom units. Amenities include a clubhouse, indoor pool, fitness center, game room, coworking space, laundry facilities and outdoor lounge areas. The two-story asset is situated on 4.5 acres adjacent to University Research Park, a 1.8 million-square-foot life sciences and technology corporate campus. It is also a 10-minute drive from the University of Wisconsin-Madison and is within walking distance of West Towne Mall.

July 9, 2026

Loans Multifamily Oregon Western

Gantry Places $40M in Loans for Suburban Portland Multifamily Communities

by Amy Works July 8, 2026

CLACKAMAS AND TIGARD, ORE. — Gantry has placed two $20 million permanent loans for a single sponsor to refinance maturing debt for a pair of apartment communities near Portland, Ore. Blake Hering and Kristin Lapinskas of Gantry’s Portland office arranged the loans on behalf of the undisclosed borrower. The five-year, fixed-rate, nonrecourse permanent loans were provided by one of Gantry’s correspondent life company lenders. The loans feature full-term, interest-only payment schedules. Gantry will also service the loans. The properties are Squires Court in Clackamas and Riverwood Heights in Tigard. Totaling 475 units, the garden-style assets feature a mix of one-, two- and three-bedroom floor plans. Community amenities include pools, clubhouses and “well-maintained” structures and landscaping.

July 8, 2026

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