Loans

Dwight Capital Provides Two HUD-Insured Loans Totaling $95.5M for Refinancing of Corpus Christi Apartments

by Taylor Williams August 20, 2026

CORPUS CHRISTI, TEXAS — New York City-based Dwight Capital has provided two HUD-insured loans totaling $95.5 million for the refinancing of a pair of garden-style apartment complexes in Corpus Christi. In the first deal, Dwight originated a $48.2 million loan for La Joya by Azali, a waterfront property that consists of 336 units across 14 buildings. In the second transaction, Dwight funded a $47.3 million loan for Azali Heights, which features 312 units across 13 buildings. The properties, which were built in 2015 and 2024, respectively, both offer one-, two- and three-bedroom units with private patios and balconies and amenities such as pools, business centers, fitness centers, dog parks and playgrounds. Proceeds from both loans were used to retire existing debt, fund property enhancements, cover closing costs and establish replacement reserve accounts for future capital improvements. Andrew Tichy of Dwight originated both loans through HUD’s 223(f) program. The borrower was Azali Homes.

August 20, 2026

Development Loans Multifamily New York Northeast

Dwight Mortgage Trust Provides $55M Construction Loan for Multifamily Project in Kaser, New York

by Taylor Williams August 20, 2026

KASER, N.Y. — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided a $55 million construction loan for a 104-unit multifamily project that will be located at 10 Ashel Lane in Kaser, about 40 miles northwest of New York City. The property will feature one-, two-, three-, and four-bedroom units and 45,000 square feet of ground-floor commercial space that will be home to a grocery store and urgent care clinic. Steven Hersko of The SHB Group arranged the loan on behalf of the borrower, Sky Equity Group. A tentative completion date was not announced.

August 20, 2026

Arizona Loans Retail Western

CBRE Arranges $45.8 Million Loan for Refinancing of Scottsdale Towne Center

by Matthew Auchincloss August 19, 2026

SCOTTSDALE, ARIZ. — CBRE has arranged a $45.8 million loan for the refinancing of Scottsdale Towne Center, a 168,090-square-foot power center located at 15444 N. Frank Lloyd Wright Blvd. in Scottsdale. The center is nearly 100 percent leased and is anchored by TJ Maxx, Ross and Mountainside Fitness and shadow-anchored by Target. Shaun Moothart, Bruce Francis, Doug Birrell, Bob Ybarra and Nick Santangelo of CBRE Capital Markets’ Debt and Structured Finance team secured a five-year, fixed-rate, full-term interest-only loan on behalf of the owner, who acquired the property in 2021.

August 19, 2026

Colorado Loans Retail Western

ABMAR Investments Receives $5.7M Loan for Refinancing of Union Square Shopping Center in Colorado Springs

by Amy Works August 19, 2026

COLORADO SPRINGS, COLO. — ABMAR Investments has received a $5.7 million loan for the refinancing of Union Square Shopping Center, a retail property located at 5035-5069 N. Academy Blvd. in Colorado Springs. Andrew Deaver, Rob Bova and Tom Gilliland of JLL Capital Markets arranged the three-year, floating-rate loan on behalf of ABMAR Investments, which will use a portion of the proceeds to fund upcoming improvements for tenant Crunch Fitness, along with additional capital expenditures. Built in 1978 and renovated in 2005, Union Square features 69,347 square feet of retail space and 582 surface parking spaces on 8.3 acres. At the time of sale, the shopping center was 98 percent leased to 13 tenants, including Crunch Fitness, Chipotle Mexican Grill, Edward Jones, 7Brew Coffee and Big 5 Sporting Goods.

August 19, 2026

Development Loans Multifamily New Jersey Northeast

Drew Capital Arranges $16.2M Construction Loan for Newark Multifamily Project

by Taylor Williams August 18, 2026

NEWARK, N.J. — Drew Capital, a New Jersey-based mortgage banking firm, has arranged a $16.2 million construction loan for Central Pointe, a 77-unit multifamily project that will be located in Newark’s University Heights neighborhood. Designed by INOA Architecture, Central Pointe will have six studios, 29 one-bedroom units and 42 two-bedroom residences, with 16 apartments designated as affordable housing. Amenities will include a fitness center, coworking lounge, communal spaces and a rooftop garden. Trevian Capital provided the loan to the developer, Newark-based Giga Holdings, which expects to complete the project next summer. Akiva Drew led the debt placement effort for Drew Capital

August 18, 2026

Arizona Loans Retail Western

CBRE Arranges $45.8M Loan for Refinancing of Retail Center in Scottsdale, Arizona

by Amy Works August 18, 2026

SCOTTSDALE, ARIZ. — CBRE has arranged a $45.8 million loan for the refinancing of Scottsdale Towne Center, a retail center located at 15444 N. Frank Lloyd Wright Blvd. Shaun Moothart, Bruce Francis, Doug Birrell, Bob Ybarra and Nick Santangelo with CBRE Capital Markets’ Debt and Structured Finance secured the five-year interest-only, fixed-rate loan on behalf of the undisclosed owner. The 168,090-square-foot retail center was nearly 100 percent leased at the time of the loan closing, with current tenants including T.J. Maxx, Ross Dress for Less and Mountainside Fitness. Additionally, the property is shadow-anchored by Target. The sponsor acquired Scottsdale Towne Center in 2021 and subsequently leased a previously vacant 50,000-square-foot space to Mountainside Fitness’ for a flagship location.

August 18, 2026

Development Georgia Industrial Loans Southeast

JLL Secures Financing for Industrial Development Underway Near Savannah Totaling $70.4M

by Abby Cox August 17, 2026

BLACK CREEK, GA. — JLL Capital Markets has secured $30.5 million in joint venture equity and $39.9 million in construction financing for Black Creek Commerce Center, a three-building industrial development underway in Black Creek, roughly 23 miles northwest of Savannah. Bobby Norwood, Mark Sixour, Britton Burdette, Jim Freeman, Kelsey Bawcombe and Austin Smith of JLL arranged the construction loan through Seacoast Bank on behalf of the developer, Xebec, and placed the joint venture equity with a unnamed, private investment group. Scheduled to deliver in the third quarter of 2027, the 687,890-square-foot development will include three rear-load buildings that feature 36-foot clear heights, 50-foot loading bays with 60-foot speed bays, 130-foot truck courts, ESFR fire suppression systems and TPO roofing. The site sits nearly seven miles from Hyundai’s $7.6 billion Metaplant America facility underway and 28 miles from the Port of Savannah’s Garden City Terminal. Xebec will continue to hold a right of first refusal on Phase II of the project, an adjacent 77-acre parcel, through April 2027.

August 17, 2026

Loans Maryland Retail Southeast

Northmarq Arranges $50.8M Loan for Grocery-Anchored Retail Center in Metro D.C.

by Abby Cox August 17, 2026

POTOMAC, MD. — Northmarq has arranged a $50.8 million permanent, fixed-rate loan for the refinancing of Potomac Place Shopping Center, an 80,040-square-foot retail center located in Potomac, roughly 15 miles northwest of downtown Washington, D.C. Originally constructed in 1967, Potomac Place is anchored by Safeway and features a tenant mix including Chipotle Mexican Grill, Starbucks Coffee, Mathnasium, Rose Home Services, Walgreens, PNC Bank and East West Tae Kwon Do. Jason Smith and Kenneth Gentzel of Northmarq arranged the loan through Nationwide Life Insurance Co. on behalf of the borrower, Zuckerman Gravely.

August 17, 2026

Acquisitions Development Florida Industrial Loans Southeast

Bluecrest Capital Acquires 226,500 SF Flex Development in Jacksonville, Plans Industrial Conversion

by Abby Cox August 17, 2026

JACKSONVILLE, FLA. — Nashville-based Bluecrest Capital Advisors has acquired Cypress Point Business Park, a 226,500-square-foot industrial flex development in Jacksonville, for $28 million. Philip Rachels of CBRE secured debt financing through First Horizon Bank on behalf of Bluecrest Capital. Robbie McEwan and Jesse Jones of JLL Capital Markets represented the seller, an entity doing business as Viking Partners Cypress LLC, in the transaction. Constructed between 1999 and 2004, the six-building park features four office buildings totaling 146,500 square feet and two light industrial buildings totaling 80,000 square feet. The property was 62 percent leased at the time of sale to five regional and national tenants including US Assure Insurance and ADT. Bluecrest Capital plans to convert 85,000 square feet of vacant space to small-bay light industrial infill space (SBLI). Within three years, the company says it expects to have converted approximately 76 percent of the gross leasable area converted to SBLI through lease rollovers and strategic build-outs. The remaining 24 percent is expected to be converted following year three. Bluecrest Capital also plans upgrades and renovations to subdivide larger suites into smaller units.

August 17, 2026

California Loans Multifamily Seniors Housing Western

Newmark Provides $58M Fannie Mae Loan for Active Adult Community in San Clemente, California

by Amy Works August 17, 2026

SAN CLEMENTE, CALIF. — Newmark has provided a $58 million Fannie Mae loan for Everleigh San Clemente, an active adult community in Southern California in San Clemente. Lee Redmond, Alec Newman and Nick Schroeder of Newmark originated the loan on behalf of an institutional level joint venture. Designed for residents age 55 and older, Everleigh features 150 residences with convenient access to San Clemente’s beaches, coastal trails, golf courses and retail and dining destinations. The Class A property was delivered in 2023.

August 17, 2026

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