Loans

JLL Arranges $333.3M Refinancing for 1,184-Unit Multifamily Portfolio Near Denver

by Amy Works October 27, 2026

DENVER — JLL Capital Markets has arranged $333.3 million in bridge financing for Palomino Park, a 1,184-unit multifamily portfolio located in Highlands Ranch, an unincorporated, master-planned community 12 miles south of Denver. Greystar provided the floating-rate loan for the borrower, a real estate fund advised by Crow Holdings Capital. The financing, which includes $325 million at initial funding and $8.3 million in future funding for unit renovations, retired existing loans and provides capital for continued value-add projects across the three-community portfolio. The portfolio includes: The communities are anchored by the Colorado Club, a 26,000-square-foot central amenity facility with a resort-style pool, a gym with regulation basketball court and racquetball courts, a full-service bar and resident gathering areas. Additionally, the facility is surround by a 17-acre park with three tennis courts, two full-size sports fields and a playground. Since acquiring the assets in 2021, the borrower has invested significant capital in various interior and exterior capital improvements across each community. Trey Morsbach, Campbell Roche, Tony Nargi, Jarrod McCabe, Jordan Buck and Scott Cole of JLL represented the borrower in the financing.

October 27, 2026

California Hospitality Loans Western

CBRE Secures $32.8M Refinancing for Hilton Garden Inn Hotel in Cupertino, California

by Amy Works October 27, 2026

CUPERTINO, CALIF. — CBRE has arranged a $32.8 million loan for the refinancing of the Hilton Garden Inn Cupertino, located at 10741 N. Wolfe Road in Cupertino. Mike Walker, Brad Zampa, Andy Gross and Pierson Souza of CBRE arranged the financing on behalf of ownership, a partnership between Heil & Associates and Terracommercial. Built in 1988, the five-story hotel features 164 guest rooms totaling 100,110 square feet on 2.7 acres. Hotel amenities include Pavilion Cafe serving breakfast and dinner, a 24-hour Pavilion Pantry market, an outdoor pool and spa, a fitness center, guest laundry facilities, 1,650 square feet of flexible meeting space, complimentary parking and weekday shuttle service within a three-mile radius. Heil Associates and Terracommercial have owned and operated the Hilton Garden Inn Cupertino since acquiring the asset in 2007.

October 27, 2026

Industrial Loans Midwest Ohio

Cronheim Arranges $27M Refinancing for 929,119 SF Industrial Portfolio in Columbus

by Kristin Harlow October 27, 2026

COLUMBUS, OHIO — Cronheim Mortgage has arranged $27 million in refinancing across two transactions secured by four fully occupied industrial buildings totaling 929,119 square feet in Columbus. The new loans increased total proceeds by $7.5 million from the prior financing. Dev Morris and Andrew Stewart placed the financing with one of Cronheim’s correspondent insurance companies. The two loans feature 20-year terms with the interest rates resetting every five years. The larger transaction, a $20.5 million loan, is secured by three buildings totaling 770,569 square feet on Fisher Road. A $6.5 million loan is for a 158,550-square-foot facility at 4545 Groves Road.

October 27, 2026

Illinois Loans Midwest Multifamily

Associated Bank Provides $16.5M in Financing for Multifamily Property in Libertyville, Illinois

by Kristin Harlow October 27, 2026

LIBERTYVILLE, ILL. — Associated Bank has provided a $16.5 million loan toward the $22 million acquisition of Eleven5 Lake Apartments in Libertyville. The property features 34 units, 41 parking spaces and 25,147 square feet of commercial space. The apartments were 97 percent occupied at the time of acquisition. The commercial space is fully leased to five tenants: TLP Management, Egg Harbor Café, Shakou, The Board Room and Casa Bonita. Daniel Barrins of Associated Bank managed the loan arrangements and closing. Philip Galligan, Annie Thomas, Merrick Evans and Patricia Heminger of JLL arranged the debt on behalf of the undisclosed sponsor.

October 27, 2026

Loans New Jersey Northeast Office

JLL Arranges Loan for Refinancing of 160,904 SF Office Building in Princeton

by Taylor Williams October 27, 2026

PRINCETON, N.J. — JLL has arranged a $15.3 million loan for the refinancing of a 160,904-square-foot office building in Princeton. The four-story building at 500 College Road E was constructed in 1984 and renovated in 2022 and now offers amenities such as a café, fitness center, employee lounge with games and a multimedia conference and training facility. Michael Klein, Gregory Nalbandian, Nazario Paragano and Kevin Badger of JLL arranged the four-year, fixed-rate loan through an undisclosed life insurance company. The borrower is a partnership led by Bergman Real Estate Group.

October 27, 2026

Kentucky Loans Mixed-Use Southeast

Newmark Arranges Recapitalization of Fritz Farm Mixed-Use Center in Lexington, Kentucky

by John Nelson October 27, 2026

LEXINGTON, KY. — Newmark has arranged the recapitalization of the ownership structure at Fritz Farm, a 330,077-square-foot mixed-use destination in Lexington. Developer-operator Kimco Realty is now a preferred equity partner at the development, which Hendricks Commercial Properties purchased last year from a partnership between Swift Creek Real Estate Partners and Centennial Real Estate Management LLC. Additionally, funds managed by Blackstone provided $104 million in financing for the recapitalization. Conor Lalor of Newmark represented Hendricks Commercial in the transaction. Chris Kramer and Dan Axelson, also with Newmark, arranged the Blackstone financing. Originally called The Summit at Fritz Farm, the 36-acre campus was delivered by Birmingham, Ala.-based Bayer Properties in 2017. The property houses retail brands including Whole Foods Market, Pottery Barn, Arhaus, Orangetheory Fitness, Apple, Lovesac, Carhartt, Warby Parker, Starbucks, CRU Food & Wine Bar, Williams-Sonoma and Shake Shack, as well as apartments and offices. The property also includes approximately six acres available for future development and development rights for additional retail and residential components. Not included in the transaction were Fritz Farm’s seniors housing community and hotel.

October 27, 2026

Development Loans Multifamily Southeast Tennessee

PCCP Provides $71M Construction Loan for Multifamily Project in Spring Hill, Tennessee

by John Nelson October 27, 2026

SPRING HILL, TENN. — PCCP has provided a $71 million senior construction loan for the development of Crossings Boulevard, a 360-unit apartment community located at 4101 Legacy Point Trail in Spring Hill, about 37 miles south of downtown Nashville. The borrower, a joint venture between Embrey Partners and Southstar Development, plan to deliver the community by first-quarter 2028. Plans for Crossings Boulevard include 216 one-bedroom apartments and 144 two-bedroom units across four floorplans, as well as a conference room, micro-offices, fitness studio and yoga room, resort-style pool with cabanas, shaded outdoor kitchen with grills, dog park, pet spa and grooming station, coffee bar, EV charging stations and a secure, 24/7 package room. The 14-acre site will house three-story, garden-style apartment buildings within a larger 213-acre master-planned community that will also feature a hotel, 17 acres of recreational space and more than 400,000 square feet of commercial space.

October 27, 2026

Loans Multifamily New York Northeast

MMCC Arranges $9.8M Acquisition Loan for Brooklyn Apartment Building

by Taylor Williams October 26, 2026

NEW YORK CITY — Marcus & Millichap Capital Corp. (MMCC) has arranged a $9.8 million acquisition loan for an 11-unit apartment building in Brooklyn’s Williamsburg neighborhood. The building at 235-237 Kent Ave. includes ground-floor retail space above three levels of apartments. Bradley Buzil of MMCC arranged the nonrecourse loan, which carries a five-year term and a fixed interest rate, on behalf of the undisclosed buyer. The direct lender was also not disclosed.

October 26, 2026

District of Columbia Loans Multifamily Southeast

Affinius Capital Originates $97.9M Refinancing for Multifamily Community in D.C.

by Abby Cox October 26, 2026

WASHINGTON, D.C. — Affinius Capital has originated a $97.9 million loan for the refinancing of The Lydian, a 324-unit apartment community located in Washington D.C.’s Mount Vernon Triangle submarket. Chris Hew and Susan Carras of JLL arranged the loan on behalf of the borrower, a joint venture between affiliates of locally based Quadrangle Development Corp. and The Wilkes. Co. Built in 2018, The Lydian comprises studio, one- and two-bedroom apartments ranging in size from 544 to 1,215 square feet. Amenities include a fitness center with a private yoga/training studio; an indoor-outdoor penthouse community space with extensive seating, a chef’s kitchen and private dining room; resort-style rooftop swimming pool and sun deck with grilling stations; landscaped interior courtyard; dog washing stations; secure bike room; and a controlled-access parking garage with 155 spaces.

October 26, 2026

Acquisitions Georgia Loans Multifamily Southeast

CBRE Arranges $83M Acquisition Loan for Luxury Multifamily Community in Atlanta’s Buckhead District

by Abby Cox October 26, 2026

ATLANTA — CBRE has arranged $83 million in acquisition financing for AMLI Lenox, a 391-unit luxury multifamily community located in Atlanta’s Buckhead district. Robert LaChapelle and Blake Cohen of CBRE secured the loan through New York Life on behalf of the owner, ORIX Corp. Shea Campbell, Ahish Cholia, Colleen Hendrix and Don Hoffman of CBRE represented the seller, AMLI Residential, in the transaction. Rebranded as Akari Buckhead, the apartment tower rises 24 stories and serves as a centerpiece for AMLI’s 1,302-unit, four-property campus that surrounds the 1.5-acre Marie Sims Park. The community, which was 96 percent occupied at the time of financing, offers studio, one-, two- and three-bedroom floorplans, as well as penthouses. Amenities include laundry services, a pet play area, pet washing station, electric vehicle charging stations and onsite retail, management and maintenance services.

October 26, 2026

Newer Posts

Older Posts