Loans

Newmark Arranges $94.4M Loan for Refinancing, Repositioning of Downtown Tampa Hotel

by John Nelson April 24, 2026

TAMPA, FLA. — Newmark has arranged a $94.4 million loan for the refinancing of Hotel Cala, formerly known as Hotel Tampa Riverwalk. The 281-room is located along the 2.6-mile Tampa Riverwalk overlooking the Hillsborough River in downtown Tampa. Jordan Roeschlaub, Nick Scribani, Ricky Braha, Tyler Dumon and Tate Keir of Newmark arranged the financing through Bain Capital and Smith Hill Capital on behalf of the borrower, a partnership between Newbond Holdings and Apollo. The ownership is executing a comprehensive repositioning strategy at Hotel Cala, including a full renovation and rebranding of the property into a luxury hotel under the Curio Collection flag. Renovations will include upgrades to guest rooms, meeting spaces and amenity offerings, including a flagship food-and-beverage concept. The construction timeline for the repositioning was not disclosed.

April 24, 2026

Development Industrial Loans Texas

CapRock Parters Breaks Ground on 483,128 SF Industrial Project in Sunnyvale, Texas

by Taylor Williams April 24, 2026

SUNNYVALE, TEXAS — California-based development and investment firm CapRock Partners has broken ground on Clay Road Business Park, a 483,128-square-foot industrial project in Sunnyvale, an eastern suburb of Dallas. Clay Road Business Park will consist of three shallow-bay buildings that will total 124,140, 155,802 and 203,186 square feet. Buildings will feature 32- to 36-foot clear heights, 81 dock-high doors, six grade-level doors and parking for 517 cars and 67 trailers. Greg Brown, Greg Napper, Peter Thompson, Kyle White and Nick Englhard of JLL arranged an undisclosed amount of construction financing for the project through an unnamed regional bank. The loan carried a floating interest rate and a 3.5-year term with two one-year extension options.

April 24, 2026

Hospitality Loans Washington Western

Sonnenblick-Eichner Co. Secures $24M Loan for Refinancing of Cedarbrook Lodge Hotel in Seattle

by Amy Works April 24, 2026

SEATTLE — Sonnenblick-Eichner Co. has arranged $24 million in first mortgage debt to refinance Cedarbrook Lodge in Seattle. A private real estate debt fund provided the nonrecourse, floating-rate, interim five-year loan. Located at 18525 36th Ave. S, Cedarbrook Lodge features a 167-room, full-service hotel situated on 7 acres of restored wetlands, more than 17,000 square feet of meeting space, a 1,600-square-foot fitness center, the 3,000-square-foot The Spa at Cedarbrook Lodge and Copperleaf Restaurant & Bar. Additionally, the property is less than two miles east of Seattle-Tacoma International Airport.

April 24, 2026

Loans Multifamily New York Northeast

CBRE Arranges $17.2M Acquisition Loan for Two Manhattan Apartment Buildings

by Taylor Williams April 24, 2026

NEW YORK CITY — CBRE has arranged a $17.2 million acquisition loan for two apartment buildings located at 159 and 161 Prince St. in Manhattan’s SoHo neighborhood. Built in the early 1900s, the historic, five-story buildings consist of 37 residential units and two ground-floor retail spaces totaling approximately 20,000 square feet. Shamir Seidman of CBRE arranged the loan through Derby Copeland Capital on behalf of the borrowers, private investors Michael and Ed Ostad.

April 24, 2026

Development Loans Multifamily New York Northeast

JLL Arranges $130M Construction Loan for Bronx Multifamily Project

by Taylor Williams April 23, 2026

NEW YORK CITY — JLL has arranged a $130 million construction loan for The 360, a 304-unit multifamily project that will be located in the Mott Haven neighborhood of The Bronx. The 360 will be a 13-story building with 228 market-rate and 76 affordable units that will come in studio, one- and two-bedroom floor plans. Amenities will include a rooftop lounge, fitness center with a yoga studio, coworking spaces and 24-hour concierge services, and The 360 will also house 47,892 square feet of retail space that is preleased to Food Bazaar. Lauren Kaufman and Nicco Lupo of JLL arranged the loan through PCCP on behalf of the developer, a partnership between Shorewood Real Estate Group and Bogopa Enterprises. Construction is slated for a 2028 completion.

April 23, 2026

Loans Multifamily New York Northeast Seniors Housing

Lument Provides $58.2M Agency Loan for Refinancing of Rochester Seniors Housing Property

by Taylor Williams April 23, 2026

ROCHESTER, N.Y. — New York City-based Lument has provided a $58.2 million Freddie Mac loan for the refinancing of The Village at Unity and The Hamlet, a 332-unit seniors housing property in Rochester. Built in 1990 and subsequently renovated in 2000, 2012 and 2022, the property consists of 272 independent living units, 40 assisted living units and 20 memory care residences. Tyler Armstrong, Chris Cain and Taylor Russ of Lument originated the financing on behalf of the owner, Wegman Cos. The loan carries a 10-year term with interest-only payments for four years, a fixed interest rate and a 30-year amortization schedule.

April 23, 2026

Acquisitions Industrial Loans Nevada Western

Bendetti, Singerman Real Estate Complete $71M Recapitalization of Industrial Portfolio in Sparks, Nevada

by Amy Works April 23, 2026

SPARKS, NEV. — Irvine, Calif.-based Bendetti and Singerman Real Estate have completed a $71 million off-market recapitalization of an industrial portfolio in Sparks. Known as Southern Way Industrial, the portfolio includes three single- and multi-tenant buildings totaling more than 635,000 square feet. Spread across a 21-acre site, the buildings feature clear heights ranging from 18 feet to 28 feet. At the time of closing, the portfolio was 54 percent occupied.

April 23, 2026

Hospitality Loans Texas

Partnership Receives Financing for Renovation of 337-Room Hotel in Irving

by Taylor Williams April 22, 2026

IRVING, TEXAS— A partnership between 3H Group Inc. and Dallas Lodging Associates LLC has received an undisclosed amount of financing for the renovation of the 337-roomRenaissance Dallas North Hotel in Irving. The 12-story hotel sits on a 7.5-acre site at 1590 Lyndon B Johnson Freeway in the Las Colinas district and includes 25 suites, as well as 22,670 square feet of meeting and event space and three onsite food-and-beverage options. Jillian Mariutti, Adrienne Andrews and Pierce Rutledge of JLL arranged the five-year, floating-rate loan through Western Alliance Bank on behalf of ownership.

April 22, 2026

California Industrial Loans Western

Gantry Secures $40M Loan for Xebec-Owned Industrial Properties Near Los Angeles

by Amy Works April 22, 2026

VERNON AND PACOIMA, CALIF. — Gantry has secured a $40 million permanent loan to retire maturing debt on two cross-collateralized industrial buildings in Vernon and Pacoima, two active Los Angeles submarkets. Both buildings are fully occupied with different single-tenant occupiers. PODS occupies the first building, a 203,000-square-foot property located at 5370 Boyle Ave. in Vernon. The second asset, located at 10445 Glenoaks Blvd. in Pacoima, is a 95,000-square-foot building used as a sound stage facility as part of the Quixote studios campus. George Mitsanas, Bahman Mirhashemi and Keegan Bridges of Gantry represented the borrower, a privately held real estate joint venture managed by Xebec, a private real estate investor. The five-year, fixed-rate loan was secured from an insurance company lender and features full-term, interest-only payments.

April 22, 2026

Industrial Loans Massachusetts Northeast

JLL Arranges $15.1M Acquisition Loan for Industrial Portfolio in Avon, Massachusetts

by Taylor Williams April 22, 2026

AVON, MASS. — JLL has arranged a $15.1 million acquisition loan for a portfolio of two industrial buildings totaling 129,380 square feet in Avon, located south of Boston. The buildings at 20 and 40 Ledin Drive are situated on a combined 6.6 acres within Avon Industrial Park and feature clear heights of 17 and 32 feet. At the time of sale, both buildings were fully leased to Waste Management. Amy Lousararian and Anthony Nakhle of JLL arranged the five-year, fixed-rate loan through M&T Bank on behalf of the borrower, Vigilant Real Estate Holdings.

April 22, 2026

Newer Posts

Older Posts