Friday, June 19, 2026
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1740-Broadway-Manhattan
DevelopmentLoansMultifamilyNew YorkNortheastOffice

MRC Provides $480M in Financing for Office-to-Residential Conversion Project in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Madison Realty Capital (MRC) has provided $480 million in financing for an office-to-residential conversion project in Midtown Manhattan. The project will convert the 27-story, 523,051-square-foot building at 1740 Broadway, which spans nearly a full city block between 55th and 56th streets, into a 420-unit multifamily building with 238 apartments and 182 condos. The converted building will also feature 60,000 square feet of amenities, including a 22,000-square-foot sporting club, a spa with a lap pool, a concealed speakeasy bar in the building’s original bank vault and dedicated lounge and sun deck spaces for residents. Jason Krane, Russ Schildkraut and Simon Ziff of Ackman-Ziff arranged the financing on behalf of the owner, Yellowstone Real Estate Investments. Completion is slated for the third quarter of 2029.

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The-Statesman-at-Horseshoe-Bay
DevelopmentLoansMultifamilySeniors HousingTexas

Nuveen Provides $38.6M in C-PACE Financing for Seniors Housing Development in Central Texas

by Taylor Williams

HORSESHOE BAY, TEXAS — Nuveen Green Capital has provided $38.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the development of a new seniors housing community in Horseshoe Bay, roughly 50 miles northwest of Austin. The borrower and developer is Falcon Senior Housing. Dubbed The Statesman at Horseshoe Bay, the community will total 313,714 square feet upon completion and will feature 180 independent living, assisted living and memory care units. Financing for the project also includes EB-5 immigration investment funds.

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LoansOfficeTexas

JLL Arranges Refinancing of Portion of Old Parkland Office Campus in Uptown Dallas

by Taylor Williams

DALLAS — JLL has arranged a loan of an undisclosed amount for the refinancing of six office buildings totaling 288,217 square feet within the historic Old Parkland campus in Uptown Dallas. The campus was originally built in 1894 as a teaching hospital and has been redeveloped and repositioned over the past 20 or so years. John Rose, Ryan Pollack and Jordan Buck of JLL arranged the five-year, fixed-rate loan through funds affiliated with Blackstone Real Estate Debt Strategies. The borrower was not disclosed.

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FloridaLoansMultifamilySoutheast

Newmark Secures Refinancing for 448-Unit Apartment Community in Boca Raton

by John Nelson

BOCA RATON, FLA. — Newmark has secured a loan of an undisclosed amount for the refinancing of The Seven at West Boca, a 448-unit apartment community located at 10235 Boca Entrada Blvd. in Boca Raton. Danny Matz, Roberto Salcedo, Matthew Williams and Robert Wright of Newmark secured the floating-rate loan through PGIM on behalf of the borrower, Grand Peaks, which acquired the property in 2024. Originally built in 1988, The Seven at West Boca features apartments averaging 883 square feet in size, as well as two swimming pools, a fitness center, barbecue areas, tennis courts and a playground.

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Signature-35-Fort-Worth
DevelopmentIndustrialLoansTexas

JLL Arranges Construction Financing for 111,923 SF Industrial Project in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — JLL has arranged an undisclosed amount of construction financing for Signature 35, a 111,923-square-foot industrial project that will be located in the Alliance submarket of North Fort Worth. The facility will feature 32-foot clear heights, 36 dock doors, 122-foot truck court depths, two oversized ramped doors and 5.2 acres of outdoor storage space. Completion is slated for the first quarter of 2027. Jarrod McCabe, Brennan Fewin and Ben Pollack of JLL arranged the financing through Simmons Bank on behalf of the developer, a partnership between Indco Partners and Holley Development Co. JLL also arranged an equity investment from an undisclosed family office as part of the project’s capitalization.

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LoansMidwestMissouriMultifamily

Dwight Capital Provides $36M HUD-Insured Loan for Multifamily Community in Missouri

by Kristin Harlow

WRIGHT CITY, MO. — Dwight Capital has provided a $36 million HUD 223(f) loan for the refinancing of Vista on the Park, a 234-unit apartment community in Wright City, about 50 miles west of downtown St. Louis. Jonathan Pomper of Dwight originated the financing on behalf of the borrower, Pollard Properties. The loan features a 35-year term.

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IndustrialLoansNew YorkNortheast

JLL Arranges $19.5M Loan for Refinancing of Industrial Building in Westchester County

by Taylor Williams

CROTON-ON-HUDSON, N.Y. — JLL has arranged a $19.5 million loan for the refinancing of a 118,991-square-foot industrial building in Croton-on-Hudson, located north of New York City in Westchester County. The single-tenant building at 1 Half Moon Bay Drive, which was fully leased at the time of the loan closing, was purpose-built for tire distribution in 1995 and features a clear height of 29 feet, 10 dock doors and two drive-in doors. Jillian Mariutti led the JLL team that placed the loan with Webster Bank on behalf of the owner, a partnership between Monday Properties and KPR Centers.

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La-Bahia-Resort-Santa-Cruz-CA
CaliforniaHospitalityLoansWestern

Sonnenblick-Eichner Arranges $115M Refinancing for La Bahia Hotel & Spa in Santa Cruz

by Amy Works

SANTA CRUZ, CALIF. — Sonnenblick-Eichner Co., on behalf of Ensemble Investments, has arranged $115 million in first mortgage debt to refinance La Bahia Hotel & Spa, a newly opened waterfront hotel in Santa Cruz. Madison Realty Capital, working with Newbond Holdings, provided the five-year, floating-rate, nonrecourse loan. Opened in September 2025, La Bahia Hotel & Spa features 155 guestrooms, an indoor-outdoor spa, fitness center, outdoor pool and hot tub, three distinct dining concepts, the Pearl Champagne lobby bar and 13,720 square feet of meeting and event space.

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Kalaco-Apts-Denver-CO
ColoradoLoansMultifamilyWestern

Opus Development Receives $67M Refinancing for Multifamily Community in Denver

by Amy Works

DENVER — Opus Development Co., along with an Ares Real Estate fund, has received a $67 million, three-year construction take-out loan from a national balance sheet lender for the refinancing of Kalaco, a 280-unit apartment property in Denver. Kristian Lichtenfels, Eric Tupler and Ellie Savage of JLL Capital Market’s Debt Advisory team secured the financing for the borrower. Delivered in August 2024, the six-story building features studio, one-, two- and three-bedroom apartments averaging 752 square feet. Units offer stainless steel appliances, luxe plank flooring, quartz countertops, walk-in closets, full-size washers and dryers, private patios and balconies. Community amenities include a 233-space parking garage, resort-style sundeck with pool and spa, fire pits and grilling stations, courtyard with lawns games, pet spa, outdoor dog run, two-level fitness center with yoga studio, coworking lounge, social lounge, game area, top-floor lounge/speakeasy, EV charging stations and bicycle storage/repair spaces. Kalaco is situated on 1.9 acres at 1010 W. Colfax Ave.

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GeorgiaHospitalityLoansSoutheast

Newmark Arranges $53M Refinancing for American Hotel Atlanta Downtown

by John Nelson

ATLANTA — Newmark has arranged a $53 million loan for the refinancing of The American Hotel Atlanta Downtown, a 315-room hotel located at 160 Ted Turner Drive NW in downtown Atlanta. The property dates back to 1962 as downtown Atlanta’s first integrated hotel and today is affiliated with Hilton’s Tapestry Collection. Chris Kramer, Tyler Dumon, Tate Keir and Jordan Roeschlaub of Newmark arranged the loan through Structured Hotel Capital on behalf of the borrower, locally based The RADCO Cos. The owner recently executed an $11.3 million renovation for The American Hotel Atlanta Downtown’s guestrooms, public spaces, food-and-beverage options and amenities, which includes a fitness center, outdoor pool and 13,300 square feet of event space. The hotel is situated within close proximity to the Georgia World Congress Center, Centennial Olympic Park, Mercedes-Benz Stadium, State Farm Arena, the Georgia Aquarium, College Football Hall of Fame and the World of Coca-Cola.

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