Loans

Walker & Dunlop Arranges $238M Refinancing for Landmark South Apartments in Doral, Florida

by John Nelson September 30, 2026

DORAL, FLA. — Walker & Dunlop has arranged a $238 million loan for the refinancing of The Landmark South, a 631-unit apartment community located at 6055 N.W. 105th Court in Doral, a western suburb of Miami. Aaron Appel, Michael Stepniewski, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Sean Bastian and Stanley Cayre of Walker & Dunlop arranged the floating-rate, interest-only bridge loan from Torchlight Investors on behalf of the borrower, JSB Capital. Completed in two phases in 2017 and 2021, The Landmark South comprises one-, two- and three-bedroom residences averaging 1,017 square feet in size. Amenities include two resort-style pools, two 24-hour fitness centers, outdoor courtyards, a business center, pet spa, resident lounges and structured parking.

September 30, 2026

Affordable Housing Development Florida Loans Multifamily Southeast

Greystone Provides $167M Financing for Affordable Housing Tower Development in Miami

by John Nelson September 30, 2026

MIAMI — Greystone has provided a loan package totaling $167 million for the construction of Gallery at Lummus Parc, an affordable housing high-rise development located at 395 N.W. 1st St. in Miami. The borrower is locally based Related Urban Development Group, an affordable housing subsidiary of Related Group. Greg Voyentzie and Jay Reed of Greystone Real Estate Capital (GREC) and Jason Kaye of Greystone Housing Impact Investors LP (GHI), along with Jeff Englund and Pharrah Jackson of Greystone, facilitated the financing. GHI is providing $80 million in construction financing through a joint venture with BlackRock Impact Opportunities Fund; GREC is providing $27.1 million in 4 percent low-income housing tax credit (LIHTC) equity; and Greystone provided a $60.1 million fixed-rate Freddie Mac loan that is expected to repay the construction financing upon conversion in conjunction with the LIHTC equity. Approximately 83 percent of the residences at Gallery at Lummus Park will be subject to income and/or rent restrictions, with affordability levels ranging from 20 to 100 percent of the area median income (AMI). The financing structure also incorporates project-based rental assistance, including 51 project-based voucher units and six RAD-assisted units. Gallery at Lummus Parc will comprise 257 studio, one- and two-bedroom …

September 30, 2026

Hospitality Loans Texas

Avatar Financial Provides $3.9M Bridge Loan for Metro Houston Hotel

by Taylor Williams September 30, 2026

RICHMOND, TEXAS — Seattle-based lender Avatar Financial Group has provided a $3.9 million bridge loan for the 80-room Fairfield Inn & Suites byMarriott hotel in Richmond, a southwestern suburb of Houston. The three-story, limited-service hotel was built on 2.5 acres in 2020 and offers amenities such as an outdoor pool, fitness center, business center and a sundries shop. The borrower, an entity doing business as Epic Hotel Investors LLC, recently acquired the hotel from its original developer and will use a portion of the loan proceeds to fund capital improvements.

September 30, 2026

Rechler-Business-District-Medford-New-York

Industrial Loans New York Northeast

JLL Arranges $75M in Financing for Industrial Park in Medford, New York

by Taylor Williams September 30, 2026

MEDFORD, N.Y. — JLL has arranged $75 million in financing for Rechler Business District, a master-planned industrial business park in Medford, located on Long Island. Rechler Business District encompasses a newly constructed, 140,875-square-foot logistics facility that is fully leased, 9.8 acres of industrial outdoor storage (IOS) space that are also fully leased and approximately 45 acres of shovel-ready land. Peter Rotchford and Tyler Peck of JLL arranged the financing through AllianceBernstein on behalf of the owner, Rechler Equity Partners.

September 30, 2026

Colorado Loans Multifamily Western

Griffis Residential Receives $86M in Financing for Denver Apartment Community

by Amy Works September 30, 2026

DENVER — Griffis Residential has received $86 million in financing for Griffis Union Station, a Class A apartment property in Denver. Eric Tupler, Kevin Barron and Jake Martin of JLL Capital Markets secured the five-year senior agency loan for the borrower. Completed in 2010, the five-story Griffis Union Station features 400 one- and two-bedroom apartments, averaging 918 square feet. A portion of the units have been fully renovated and feature new countertops, backsplashes, stainless steel appliances and improved lighting. Community amenities include a fitness center, resort-style pool, clubhouse, resident lounge, business center, game room and grilling stations, as well as a dog park and pet washing station. Griffis Union Station is situated on 4.9 acres at 2905 Inca St. in the heart of downtown Denver and close to LoDo, the Ballpark District and RiNo Arts District.

September 30, 2026

Iowa Loans Midwest Multifamily

Dwight Capital Provides $60M HUD-Insured Loan for Refinancing of Iowa Multifamily Property

by Kristin Harlow September 30, 2026

DAVENPORT, IOWA — Dwight Capital has provided a $60 million HUD 223(f) loan for the refinancing of Birchwood Grove, a newly developed 194-unit townhome community in Davenport. The rental property includes 56 two- and three-story buildings along with a separate community building that houses a clubhouse, leasing office and 4,800 square feet of ground-floor commercial space. Loan proceeds will retire existing debt, cover closing costs, fund a replacement reserve for future capital improvements and enable the borrower to draw on equity accumulated since the original construction financing. Josh Hoffman and Jonathan Pomper of Dwight Capital originated the financing on behalf of the borrower, Kevin Dolan of Dolan Homes LLC.

September 30, 2026

Development Loans Multifamily New Jersey Northeast

PCCP Provides $66.8M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams September 29, 2026

FAIR LAWN, N.J. — Los Angeles-based PCCP LLC has provided a $66.8 million senior construction loan for Plaza Greene, a 145-unit multifamily project that will be located in the Northern New Jersey community of Fair Lawn. Floor plans were not disclosed, but about 12 percent (18) of the residences will be reserved as affordable housing, and all residences will be subject to age restrictions. Amenities will include a fitness center, spa and a landscaped courtyard, and a 22,300-square-foot Sprouts Farmers Market will anchor the building’s ground-floor retail space. The borrower is a partnership between regional owner-operator Sterling Properties and New Jersey-based Danbro Properties.

September 29, 2026

Illinois Industrial Loans Midwest Wisconsin

Darwin Investment Group Receives $130M Refinancing for Industrial Portfolio in Chicago, Southeast Wisconsin

by Kristin Harlow September 29, 2026

CHICAGO — Darwin Investment Group has received a $130 million refinancing for a 39-building industrial portfolio totaling more than 2 million square feet across the greater Chicago area and Southeast Wisconsin. A dedicated middle market real estate team within Wells Fargo Commercial Banking provided the financing. In conjunction with the refinancing, Darwin Investment Group principals George Cibula and Matthew Lewandowski acquired the 49 percent ownership interest held by their partners, bringing Cibula and Lewandowski’s ownership of the portfolio to 100 percent. The 39 properties are home to more than 225 tenants. Lewandowski, Erin Cibula and Patricia Liston facilitated the refinancing and ownership consolidation on behalf of Darwin. Paul Mokhatas, Anu Agarwal and Paul Crusen led the Wells Fargo team.

September 29, 2026

Florida Industrial Loans Southeast

JLL Arranges $66.8M Refinancing for Industrial Development in Stuart, Florida

by Abby Cox September 28, 2026

STUART, FLORIDA — JLL Capital Markets has arranged a $66.8 million loan to refinance South Florida Gateway, a 987,184-square-foot industrial development located at 2400-2450 Southwest Gateway Place in Stuart, a coastal city about 40 miles north of West Palm Beach. Melissa Rose, Michael DiCosimo, Michael Romero and Nicole Diaz of JLL secured the floating-rate loan on behalf of the borrowers, Orlando-based Foundry Commercial and San Francisco-based Stockbridge Capital Group. The lender was not disclosed. South Florida Gateway comprises two newly delivered buildings that are situated on nearly 65 acres. Building One features 285,510 square feet of rear-load warehouse space with 32-foot clear heights, 60 dock doors and two drive-in ramps. Building Two encompasses 701,674 square feet of cross-dock distribution space with 36-foot clear heights, 120 dock doors and four drive-in ramps.

September 28, 2026

Loans Multifamily New York Northeast

Benchmark Real Estate Receives $44.5M Loan for Refinancing of Manhattan Apartment Building

by Taylor Williams September 28, 2026

NEW YORK CITY — Locally based owner-operator Benchmark Real Estate Group has received a $44.5 million loan for the refinancing of a 61-unit apartment building located at 194 E. Second St. in Manhattan’s East Village. The six-story building offers a fitness center, resident lounge and landscaped courtyard in addition to 15,450 square feet of retail space that is anchored by convenience store operator Duane Reade. Michael Zaremski, John Flynn and Clayton Ross of JLL arranged the loan through Citi on behalf of Benchmark, which purchased the building in 2024 and implemented capital improvements.

September 28, 2026

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