Loans

BWE Arranges Two Loans Totaling $120M for Refinancing of New York City Hotels

by Taylor Williams January 16, 2026

NEW YORK CITY — BWE, a Cleveland-based commercial finance firm, has arranged two loans totaling $120 million for the refinancing of a pair of Marriott-branded hotels in the New York City. The financing consisted of $90 million for the 357-room Residence Inn Times Square hotel in Midtown Manhattan and $30 million for the 160-room Courtyard by Marriott Long Island City in Queens. Steve Perricone of BWE arranged the loans, both of which were structured with 15-year terms and 15-year amortization schedules. The name(s) of the direct lenders, as well as the regional hospitality investor that owns the properties, were not disclosed.

January 16, 2026

Loans New York Northeast Retail

Cronheim Mortgage Arranges $11.5M in Financing for Poughkeepsie Shopping Center

by Taylor Williams January 16, 2026

POUGHKEEPSIE, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged $11.5 million in financing for Poughkeepsie Plaza, a 181,746-square-foot shopping center located north of New York City. Marshalls and TJX/HomeGoods anchor the property, which is also home to tenants such as Sierra Trading Post, Mattress Firm, Famous Footwear, J. Crew, Wendy’s and Chase Bank. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim arranged the debt on behalf of the borrower, regional owner-operator Mehlich Associates. The direct lender was not disclosed.

January 16, 2026

California Development Loans Multifamily Western

Priority Capital Closes $174M Financing for Multifamily Project in Santa Maria, California

by Amy Works January 16, 2026

SANTA MARIA, CALIF. — Priority Capital Advisory has closed on $174 million in construction financing on behalf of the ownership of Blosser Ranch, a 160-acre master-planned development in Santa Maria. The financing funds both horizontal and vertical construction for the first phase, a three-story, 302-unit, garden-style apartment community on 12 acres. Additionally, the funding recapitalizes the remaining land within the entire development, positioning the borrower for the project’s six future subphases. The structured capital stack financing includes: The Class A multifamily property will feature studio, one-, two- and three-bedroom floor plans ranging in size from 490 to 1,188 square feet. Community amenities will include a pool and spa, clubhouse, fitness center, business center, outdoor barbecues, fire pits, a pet park and a playground. Completion of the first phase is slated for summer 2027. Upon full build-out, Blosser Ranch is planned to include approximately 1,500 single-family and multifamily residential units, retail space, a public park, a school and a water retention basin.

January 16, 2026

Loans New York Northeast Office Top Stories

Moinian Group Receives $310M Loan for Refinancing of Midtown Manhattan Office Property

by Abby Cox January 16, 2026

NEW YORK CITY — The Moinian Group has received a $310 million loan for the refinancing of 535-545 Fifth Avenue, a two-building office and retail property located near Grand Central Terminal in Midtown Manhattan. Deutsche Bank and Société Générale co-funded the loan, while Drew Anderman, Eddie Haber, AJ Bruno and Jared Fried of CBRE represented The Moinian Group in the debt placement process according to CoStar Group. “This refinancing underscores the value of prime Fifth Avenue assets and our disciplined approach to asset management,” says Joseph Moinian, founder & CEO of The Moinian Group. “We are pleased to secure attractive financing that positions the property for continued long-term success.” Situated between East 44th and East 45th streets, both buildings underwent renovations in 2009, with Gensler serving as the architect. Known for its pre-war architecture, the 36-story structure at 535 Fifth Avenue was originally completed in 1927. Spanning 329,733 square feet, the complex is occupied by several corporations, financial institutions, law firms and service organizations. Located adjacent to the first office building, 545 Fifth Avenue rises 13 stories tall and totals roughly 165,000 square feet of space. The building offers additional ground-floor retail space that houses tenants such as Best Buy and …

January 16, 2026

Loans Mixed-Use Texas

Joint Venture Receives Bridge Loan for Refinancing of Austin Mixed-Use Property

by Taylor Williams January 15, 2026

AUSTIN, TEXAS — A joint venture led by local investment firm Seamless Capital has received a bridge loan of an undisclosed amount for the refinancing of a newly built, mixed-use property in the South Lamar submarket of Austin. The property consists of The Bouldin, a 309-unit multifamily community, and a 138,612-square-foot commercial building. The Bouldin offers studio, one- and two-bedroom units and amenities such as a pool, courtyards, indoor and outdoor lounges, a fitness center and club area with a bar. Doug Opalka, Kyle Spencer and Patrick McCord of JLL arranged the loan through Canyon Partners Real Estate on behalf of the borrower.

January 15, 2026

Development Loans Multifamily Texas

AREP, PACE Equity Provide Financing for Multifamily Project in Celina, Texas

by Taylor Williams January 15, 2026

CELINA, TEXAS — Aquarian Real Estate Partners (AREP), the real estate investment arm of Aquarian Holdings, and PACE Equity LLC have provided financing for Jefferson Ownsby, a 436-unit multifamily project in the North Texas city of Celina. The financing consists of a senior construction facility from advisory clients of AREP and $23.5 million in C-PACE financing from PACE Equity. Jefferson Ownsby will be a four-story, garden-style property that will offer amenities such as a pool, fitness center, dog park and a clubhouse. The borrower is JPI. The groundbreaking of the project took place in early December, and completion is slated for late 2027.

January 15, 2026

Acquisitions Loans New York Northeast Retail

Newmark Brokers $425M Sale of Shops at Skyview in Queens

by Taylor Williams January 15, 2026

NEW YORK CITY — Newmark has brokered the $425 million sale of The Shops at Skyview, a 555,000-square-foot grocery-anchored retail center located in the Flushing neighborhood of Queens. Anchored by BJ’s Wholesale Club and Sky Foods, The Shops at Skyview was 97 percent leased at the time of sale. Additional tenants include Target, Nordstrom Rack, Bath & Body Works, Burlington, Adidas, Converse, Marshalls, Foot Locker, Old Navy, Sephora and Swarovski. Adam Spies, Adam Doneger, Conor Lalor and Ben Lushing of Newmark represented the seller, Perform Properties, in the transaction. Jordan Roeschlaub, Nick Scribani, John Caraviello and Tim Polglase, also with Newmark secured a $289 million acquisition loan through Mizuho on behalf of the buyer, a joint venture between Acadia Realty Trust and TPG Real Estate.

January 15, 2026

Development Loans Multifamily New York Northeast Office

IPA Arranges $93.5M Construction Loan for Office-to-Residential Conversion Project in Manhattan

by Taylor Williams January 15, 2026

NEW YORK CITY — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged a $93.5 million construction loan for an office-to-residential conversion project in Manhattan. The 13-story, 147,101-square-foot office building at 830 Third Ave. was built in 1958 and renovated in 1994 and includes 7,121 square feet of ground-floor retail space. The borrower, a joint venture between Namdar Realty Group and Empire Capital Holdings, plans to convert the property into a 188-unit apartment complex with 124 studios, 60 one-bedroom units and four two-bedroom units. Marko Kazanjian, Max Herzog, Max Hulsh and Andrew Cohen of IPA arranged the financing through Deutsche Bank on behalf of the developer.

January 15, 2026

Development Loans New Jersey Northeast

Univest Bank Provides $19.6M Construction Loan for Industrial Conversion Project in Parsippany, New Jersey

by Taylor Williams January 15, 2026

PARSIPPANY, N.J. — Univest Bank & Trust Co. has provided a $19.6 million construction loan for an industrial conversion project in the Northern New Jersey community of Parsippany. The project will convert the 156,000-square-foot, vacant office building at 7 Campus Drive into a 128,150-square-foot industrial facility with a clear height of 36 feet, 23 dock doors, two drive-in doors and103 car parking spaces. John Alascio, Chuck Kohaut, T.J. Sullivan and Mary Shin of Cushman & Wakefield arranged the debt. The borrower is a partnership between Saxum Real Estate and Penwood Real Estate Investment Management.

January 15, 2026

Hospitality Illinois Loans Midwest

JLL Secures Refinancing for Dual-Branded, 523-Room Hotel in Chicago

by Kristin Harlow January 15, 2026

CHICAGO — JLL Capital Markets has secured the refinancing for a dual-branded hotel in Chicago’s River North district. The property comprises the 270-room Residence Inn River North and the 253-room SpringHill Suites River North, both of which are Marriott-affiliated and located at 410 N. Dearborn St. Danny Kaufman, Jeffrey Bucaro and Malia Buljat of JLL worked on behalf of the borrower, a joint venture between Friedman Properties and White Lodging, to secure a fixed-rate, five-year loan through PGIM. Both hotels completed a renovation of all guestrooms in April 2025. Public space and meeting room renovations are slated for completion in February. The property features 1,358 square feet of meeting space, a fitness center and multiple food-and-beverage outlets, including two new restaurant concepts by Lettuce Entertain You — Gus’s Slip & Dip and Crying Tiger — that opened on the ground floor. The Residence Inn offers suites with full kitchens, separate living areas and complimentary breakfast. The SpringHill Suites offers suites with kitchenettes and amenities.

January 15, 2026

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