GRAPEVINE, TEXAS — Cleveland-based commercial finance firm BWE has provided a $16.8 million Freddie Mac loan for Cobblestone Village, a 200-unit mixed-income property in Grapevine, located in the northern-central part of the metroplex. Built in 1983, Cobblestone Village comprises 96 one-bedroom and 104 two-bedroom apartments, 70 of which are subject to income restrictions. Amenities include a pool, fitness center, playground and outdoor grilling and dining stations. Jake Roberts of BWE originated the seven-year loan on behalf of the owner, San Antonio-based Falkin Platnick Realty Group, which plans to use a portion of the proceeds to fund capital improvements.
MIDLAND, TEXAS — CooperWynn Capital, a Utah-based capital markets advisory firm, has arranged a $4.9 million loan for the cash-out refinancing of the 64-key My Place Hotel-Midland in West Texas. An entity doing business as CAMTOD Midland LLC, which is led by developer Dustin Campbell, opened the three-story, extended-stay hotel in late 2020. CooperWynn arranged the nonrecourse loan, which carried a five-year term and a fixed interest rate, through an undisclosed CMBS lender.
NEW YORK CITY — Bally’s Corp. (NYSE: BALY) has received $560 million in financing for its new casino and resort project in The Bronx. Los Angeles-based WhiteHawk Capital Partners provided the financing, which consists of $400 million in “closing date term loan commitments” and $160 million in “delayed draw term loan commitments.” According to Casino.org, the Rhode Island-based gaming and entertainment operator secured the casino license from the State of New York in late 2025 and subsequently acquired 16 acres in The Bronx for the casino and resort, land that was previously part of the Trump Golf Links at Ferry Point. Citizens Capital Markets served as financial advisor to Bally’s on the transaction, which is expected to close before the end of the current quarter.
HUNTSVILLE, ALA. — Trilogy Investment Co. has closed on a construction loan for REV3 at The Celeste, a 172-unit build-to-rent (BTR) townhome community underway in Huntsville. The loan amount was not released. Situated on Plummer Road on the north side of Huntsville, the property represents Trilogy’s second BTR opportunity zone fund development with Pinnacle Partners. REV3 at The Celeste will feature three-bedroom townhomes with attached garages, as well as a resort-style pool, clubhouse, fitness center and outdoor gathering spaces. Trilogy and construction affiliate REV3 Homes plan to deliver the first residences at the project in early 2027.
LOS ANGELES — Northmarq has arranged a $29.3 million loan to refinance Chapman Market, a 41,241-square-foot dining and entertainment center located in Los Angeles’ Koreatown neighborhood. Joe Giordani, Alex Kane and Karl Weidell of Northmarq secured the loan through Voya Investment Management on behalf of the borrower, Arc Capital Partners. Originally opened in 1928, Chapman Market is home to a mix of tenants including Club HUE, Quarters Korean BBQ, Starbucks, Origin Korean BBQ, Shibuyala, Toebang Café, Escala Ktown, Danbi, Tiger Sugar Boba, BHC Chicken, Kazunori: The Original Handroll Bar and Uncle Tetsu.
HARDEEVILLE, S.C. — Thorofare Capital has provided a $35 million loan for the refinancing and lease-up of Gateway Commerce Park, a two-building industrial park near the Port of Savannah. Built in 2025, Gateway Commerce Park spans nearly 450,000 square feet and is situated in Hardeeville, a city near the South Carolina-Georgia border. The park comprises a 330,480-square-foot cross-dock building and a 118,800-square-foot warehouse. Andrew Kim of Thorofare Capital originated the floating-rate, interest-only bridge loan on behalf of the borrower, an undisclosed real estate development firm.
NEW YORK CITY — JLL has arranged a $60.5 million acquisition loan for a portfolio of two multifamily buildings totaling 93 units in the Williamsburg area of Brooklyn. The buildings at 227 and 456 Grand St. were constructed between 2009 and 2014 and house a mix of market-rate, rent-stabilized and affordable housing units, as well as 22,700 square feet of retail space. Michael Zaremski and Clayton Ross of JLL arranged the loan through New York-based private equity firm Prospect Ridge Advisors on behalf of the owner, locally based developer Delshah Capital.
WAYNE, N.J. — Florida-based owner-operator Basis Industrial has received a $24 million construction loan for a self-storage project in the Northern New Jersey community of Wayne. ExtraSpace Storage will operate the facility at 555 Hamburg Turnpike, which will span 85,330 net rentable square feet across 586 climate-controlled units. Construction is underway and expected to be complete in early 2028. NexBank and NexPoint provided the loan.
KANSAS CITY, MO. — Gantry has secured a total of $50.8 million in two permanent loans to refinance post-construction bridge debt for a pair of recently renovated apartment communities in Kansas City. The 222-unit Palisades Apartments is situated in the Eastside submarket, and the 133-unit Mayfair Apartments is located in the city’s Woodbridge neighborhood. Mark Reichter and Alec Frook of Gantry represented the borrower, a private real estate investor. The CMBS loans feature five-year terms and fixed interest rates.
JACKSONVILLE, FLA. — BWE has secured a $101 million bridge loan for the refinancing of RISE at Glen Kernan Park, a new active adult community located at 4890 Sweetgrass Place in Jacksonville’s Southside neighborhood. Andy Effler of BWE led the team that closed the three-year, floating-rate loan through BlackRock affiliate HPS on behalf of the borrower, RISE, A Real Estate Company. The locally based developer is using the nonrecourse loan to retire the existing senior construction loan from Benefit Street Partners and the mezzanine loan from Pearlmark Real Estate, as well as funding reserves while RISE at Glen Kernan Park is in lease-up. The 308-unit property is reserved for households age 55 and older and features a mix of 109 one-bedroom and 127 two-bedroom luxury apartments, as well as 72 single-story cottage units with attached garages. Monthly rental rates range from $1,704 to $3,871, according to Apartments.com. Amenities include a fully equipped fitness facility, resort-style pool, pickleball courts and a bar and lounge room.
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