Loans

PCCP Provides $180.5M Refinancing for 2.1 MSF Industrial Park Near Detroit

by Kristin Harlow March 26, 2026

HIGHLAND PARK, MICH. — PCCP has provided a $180.5 million senior loan to a joint venture between AEW Capital Management and Trident Capital Group for the refinancing of Oakland Park, a 10-building, 2.1 million-square-foot industrial park in Highland Park, about six miles north of downtown Detroit. Built between 1997 and 2020, the infill properties feature clear heights ranging from 24 to 32 feet, efficient loading ratios, ample truck parking and access to two major freeways. The park is located 10 miles away from Stellantis Detroit Assembly Complex and five miles from GM Factory Zero.

March 26, 2026

Industrial Loans Texas

Affinius Capital Provides Acquisition Loan for 917,374 SF Industrial Park in Benbrook, Texas

by Taylor Williams March 26, 2026

BENBROOK, TEXAS — New York City-based Affinius Capital has provided an acquisition loan of an undisclosed amount for Chisholm 20, an 917,374-square-foot industrial park in Benbrook, a southwestern suburb of Fort Worth. Developed in 2022-2023 by North Texas-based Jackson-Shaw, Chisholm 20 consists of three rear- and front-load buildings that range in size from 174,137 to 377,884 square feet. The buildings feature 32- to 36-foot clear heights, 185- to 190-foot truck court depths and a combined 162 dock doors, six drive-in doors and parking for 467 cars and 113 trailers. Tom Burns and Hunter Habash of CBRE arranged the loan on behalf of the buyer, Fort Worth-based Black Mountain Energy.

March 26, 2026

Acquisitions Alabama Loans Multifamily Southeast Uncategorized

Red Oak Provides $10.2M Loan for Acquisition, Renovation of Apartment Community Near Birmingham

by John Nelson March 26, 2026

FAIRFIELD, ALA. — Red Oak Capital Holdings LLC has provided a $10.2 million bridge loan for the $3.5 million acquisition and $6.6 million repositioning of Chateau Glen Oaks Apartments, a 230-unit, garden-style community located in Fairfield, a suburb of Birmingham. Chris Litzler of Marcus & Millichap arranged the financing on behalf of the borrower, an entity doing business as Fairfax Holdings LLC. Stratos Athanassiades, Thomas Gorski and James Myatt of Red Oak originated the non-recourse loan, which features a two-year initial term, interest-only payments and a loan-to-stabilized value ratio of 70.8 percent. Built in 1972 on 13.5 acres, Chateau Glen Oaks was approximately 20 percent occupied at the time of financing. The sponsor’s renovation plans comprise extensive interior improvements, including new flooring, finishes, appliances, cabinets, drywall repairs, LED lighting, painting and limited window repairs and replacements. Exterior improvements are expected to include roof and parking lot repairs, landscaping, security cameras, masonry repairs, lighting upgrades, pool improvements and the addition of amenities such as a dog park, pickleball court, playground and a picnic area.

March 26, 2026

Georgia Industrial Loans Southeast

MDH Partners Closes $946.8M Refinancing for National Industrial Portfolio

by John Nelson March 25, 2026

ATLANTA — Atlanta-based MDH Partners has closed a $946.8 million refinancing for Project Interstellar, a 59-property, 13.5 million-square-foot industrial real estate portfolio that spans 15 states. The names and locations of the properties were not released. The refinancing package involved restructuring nine existing mortgages into seven new loans, with Wells Fargo Bank NA providing $786.8 million as the sole bookrunner, joint lead arranger and administrative agent on six of the loan portfolios. ACORE Capital provided $160 million as the administrative agent on the seventh loan portfolio. Matthew Ludwig of MDH Partners worked with Melissa Frawley and Steve Hinkle at Wells Fargo and Scott Swisher at ACORE Capital to secure the loans. MDH Partners currently manages three investment vehicles that owns 38.5 million square feet of industrial space across 19 states. The firm is currently investing in Fund III, which has closed more than $591 million in acquisitions and another $160 million in properties under contract in the past six months.

March 25, 2026

Loans Multifamily New York Northeast

Affinius Capital Provides $300M Loan for Refinancing of Downtown Brooklyn Multifamily Project

by Taylor Williams March 25, 2026

NEW YORK CITY — Affinius Capital has provided a $300 million loan for the refinancing of 102 Fleet, a 30-story multifamily project in downtown Brooklyn. Upon completion, the 495-unit building will house 108 studios, 97 one-bedroom units, 262 two-bedroom residences and 28 three-bedroom apartments. Amenities include a rooftop pool, fitness center with a spa, coworking space and conference rooms, multiple resident lounges, an indoor game room, pet spa, indoor climbing wall and pickleball courts. Henry Bodek of Galaxy Capital arranged the loan on behalf of the owner, The Jay Group, which will use the proceeds to complete construction and lease the property to stabilization.

March 25, 2026

Loans Multifamily Washington Western

Gantry Secures $14.8M Refinancing for Latitude Queen Anne Apartments in Seattle

by Amy Works March 25, 2026

SEATTLE — Gantry has secured a $14.8 million permanent loan to refinance maturing debt for the Latitude Queen Anne, a multifamily property located in Seattle’s Queen Anne neighborhood. Located at 500 3rd Ave. W., the Class A, mid-rise property offers 76 apartments in urban one-bedroom layouts and traditional one- and two-bedroom floor plans, as well as a rooftop deck. Mike Wood and Tim Brown of Gantry represented the borrower, a private real estate investor, in the financing. The 10-year, fixed-rate, nonrecourse loan was secured from one of Gantry’s correspondent life company lenders and features full-term interest-only payments. Gantry will service the loan for its correspondent.

March 25, 2026

Illinois Industrial Loans Midwest Ohio

JLL Arranges $59M Refinancing for Industrial Portfolio in Metro Chicago, Cincinnati

by Kristin Harlow March 25, 2026

CHICAGO AND CINCINNATI — JLL Capital Markets has arranged a $59 million loan for the refinancing of a three-building industrial portfolio totaling 647,717 square feet across the Chicago and Cincinnati metropolitan areas. The Midwest Industrial 3-Pack comprises two facilities in Fairfield, Ohio, and one property in Hoffman Estates, Ill. All three buildings were completed in 2023 and feature a clear height of 32 feet, LED lighting with motion sensors, ESFR sprinkler systems and concrete tilt-wall construction. The portfolio is fully leased to a mix of tenants serving the logistics, distribution, manufacturing, packaging and thermal processing industries. The Ohio properties are known as Seward Pointe Commerce Park, while the Chicago asset is known as The Ninety Logistics Center and totals 201,676 square feet. Matthew Schoenfeldt, Lucas Borges, Brian Walsh, Michael Gurwin and Christian Johnston of JLL arranged the loan on behalf of the borrower, Brennan Investment Group and Reinsurance Group of America Inc. A regional bank provided the five-year loan.

March 25, 2026

Illinois Loans Midwest Office Retail

MMCC Secures $4M in Financing for Office, Retail Property in Suburban Chicago

by Kristin Harlow March 25, 2026

DOWNERS GROVE, ILL. — Marcus & Millichap Capital Corp. (MMCC) has secured $4 million in financing for a 19,000-square-foot office and retail property located at 5100 Main St. in Downers Grove. Dean Giannakopoulos of MMCC secured the financing with a regional lender on behalf of the private client. The loan features high leverage, flexible prepayment and a 5.95 percent interest rate. The property’s ground floor is home to Peet’s Coffee and Duly Health. There is additional office space on the building’s upper floors.

March 25, 2026

Acquisitions California Industrial Loans Office Western

Avatar Financial Group Provides $16.1M Acquisition Loan for Flex Campus in Hawthorne, California

by Amy Works March 24, 2026

HAWTHORNE, CALIF. — Avatar Financial Group has provided a $16.1 million bridge loan for the acquisition of The Yukon, an industrial campus in Hawthorne. The two-year loan carries a 62 percent loan-to-value ratio and financed the undisclosed sponsor’s purchase of the property through a bankruptcy sale. Additionally, the loan provided capital to improve one of the buildings that is vacant and execute a lease-up strategy. Situated on 2.3 acres at 13100-13130 Yukon Ave., the 52,074-square-foot campus features three single-story flex office/light industrial buildings built between 1960 and 1966. The buildings offer 16- to 19-foot ceilings, a secured gated yard, approximately 100 surface parking spaces, six roll-up garage-style doors and 1,600 to 3,000 amps of power. Two of the three buildings, totaling 25,707 square feet, are fully occupied under long-term net leases. The remaining 26,367-square-foot building is currently vacant and will be built out and marketed for lease.

March 24, 2026

Loans Multifamily New Jersey Northeast

Cushman & Wakefield Arranges $136M Loan for Refinancing of Jersey City Apartment Building

by Taylor Williams March 23, 2026

JERSEY CITY, N.J. — Cushman & Wakefield has arranged a $136 million loan for the refinancing of Modera Lofts, a 366-unit apartment building located in the Powerhouse Arts District in Jersey City. Completed in 2016, Modera Lofts offers studio, one- and two-bedroom floor plans. Amenities include a fitness center, a rooftop deck, indoor lounge, 24-hour concierge services and a pet spa, and the building also houses about 13,000 square feet of retail space and unique rentable artist studios. John Alascio, Alex Hernandez, Chris Moyer, Chuck Kohaut, Alex Lapidus and Meredith Donovan of Cushman & Wakefield arranged the loan through J.P. Morgan on behalf of the borrower, Harrison Street Asset Management.

March 23, 2026

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