Loans

Associated Bank Provides $7.6M Construction Loan for Chicago Apartment Building

by Kristin Harlow March 9, 2026

CHICAGO — Associated Bank has provided a $7.6 million construction loan for a five-story, 40-unit apartment building located at 4725 N. Clifton Ave. in Chicago. CEDARst Cos. is developing the transit-oriented project, which is named Clifton Uptown. Located in the heart of the Uptown Square Historic District, the property will feature 12 studio units, 28 one-bedroom units and 1,839 square feet of ground-floor retail space. The site is adjacent to the CTA Red Line Lawrence Station that is in the final stages of a $2.1 billion Red and Purple Line modernization project. Daniel Barrins of Associated Bank managed the loan arrangements and closing.

March 9, 2026

Loans Multifamily New York Northeast

Joint Venture Receives $111M Loan for Refinancing of Queens Apartment Building

by Taylor Williams March 9, 2026

NEW YORK CITY — American Lions, which is a joint venture between locally based developers Fetner Properties and Lions Group, has received a $111 million bridge loan for the refinancing of The Bold, a 164-unit apartment building in Queens. Designed by SLCE Architects, the 28-story building is located at 2701 Jackson Ave. in the borough’s Long Island City area and includes 50 affordable housing residences. Units come in studio, one-, two- and three-bedroom floor plans. The amenity package consists of a coworking lounge, gym with a climbing wall, party room with a bar and kitchen, clubhouse lounge, media room and a golf simulator room. Christopher Peck, Nicco Lupo, Michael Shmuely, Alex Staikos and Adam Dietrich of JLL arranged the loan through PGIM Real Estate.

March 9, 2026

Industrial Loans New Jersey Northeast

JLL Arranges Acquisition Financing for 1 MSF Industrial Property in Millstone, New Jersey

by Taylor Williams March 9, 2026

MILLSTONE, N.J. — JLL has arranged an undisclosed amount of acquisition financing for a roughly 1 million-square-foot industrial property in Millstone, about 55 miles south of New York City. Millstone 8 Logistics Park was built in 2022 and features a cross-dock configuration, clear height of 40 feet, 170 loading doors and parking for 458 cars and 273 trailers. The facility was fully leased at the time of the loan closing to an undisclosed provider of third-party logistics services. Jim Cadranell, Jon Mikula, John Cumming and Caleb Henry of JLL arranged the loan through Northwestern Mutual on behalf of the buyer, institutional investment firm BGO.

March 9, 2026

Industrial Loans Northeast Pennsylvania Top Stories

CBRE Arranges $156M Loan for Refinancing of Philadelphia Industrial Property

by Taylor Williams March 9, 2026

PHILADELPHIA — CBRE has arranged a $156 million loan for the refinancing of Bridge Point Philadelphia, an 889,300-square-foot industrial property. Canyon Partners Real Estate and J.P. Morgan provided the loan to the owner of the property, Chicago-based Bridge Industrial, which will use a portion of the proceeds to fund lease-up costs. Steve Roth led the CBRE team that originated the debt. Delivered in 2024, Bridge Point Philadelphia comprises two buildings, one of which features a rear-load configuration and the other of which features a cross-dock configuration. The development also offers “excess “trailer parking, and multi-tenant divisibility. Third-party logistics firm Veho signed a 148,611-square-foot lease at the property shortly after it was completed. In addition, Bridge Point Philadelphia offers proximity to an array of major thoroughfares and logistics hubs, including interstates 76, 95 and 476, as well as the Port of Philadelphia and Philadelphia International Airport. “We were pleased to work closely with Canyon, whose efforts were instrumental in efficiently completing this financing,” said Roth, who holds the title of vice chairman at CBRE. “Their collaborative approach ensured a smooth execution and a successful outcome for all parties involved.”

March 9, 2026

Development Loans Multifamily Oregon Seniors Housing Western

Gantry Secures $12M Construction-to-Permanent Loan for Assisted Living Project in Oregon

by Amy Works March 6, 2026

WOODBURN, ORE. — Gantry has secured a $12 million construction-to-permanent loan for the development of an assisted living facility in Woodburn. Charlie Kokernak and Tim Brown of Gantry arranged the 10-year, fixed-rate loan for the borrower, an affiliate of Benicia Senior Living. An Oregon-based credit union provided the loan, which includes interest-only payments for the first three years followed by a 25-year amortization. Located at 1000 Country Club Road NE, the community will feature 46 units, totaling 51 beds. The property is adjacent to Heartwood Place Memory Care, which is also owned and managed by Benecia Senior Living.

March 6, 2026

Development Loans Multifamily New York Northeast Office

Largo Capital Arranges $76M in Financing for Office-to-Residential Conversion in Lower Manhattan

by Taylor Williams March 6, 2026

NEW YORK CITY — Largo Capital, a financial intermediary based in upstate New York, has arranged $76 million in construction-to-permanent financing for an office-to-residential conversion project in Lower Manhattan. The project will redevelop the historic, 21-story office building at 2 Wall St. into a 211-unit apartment complex. Jack Phillips of Largo Capital structured the debt. The direct lender was not disclosed. The borrower was also not disclosed, but the building is listed on the website of local landlord George Comfort & Sons.

March 6, 2026

Loans Midwest Minnesota Multifamily

Northmarq Provides $22.7M Agency Loan for Refinancing of Minnesota Apartment Building

by Kristin Harlow March 6, 2026

EXCELSIOR, MINN. — Northmarq has provided a $22.7 million Fannie Mae loan for the refinancing of One West Drive, a boutique apartment building with 49 units in Excelsior. Andy Finn of Northmarq arranged the permanent fixed-rate financing on behalf of the borrower, which included Monarch Development Partners, Red Leaf Partners and Blue Baukol Capital Partners. Completed in late 2024, One West Drive is situated on the site of the former Excelsior City Hall. The property features seven connected two-story buildings. Units come in one-, two- and three-bedroom layouts as well as two-bedroom rowhomes with private rooftops and garages. Amenities include a spa pool, fitness and yoga studio, private dining room, coworking lounge, outdoor grilling area, resident garden, two-story lobby and dog run.

March 6, 2026

Development Georgia Loans Mixed-Use Southeast

Atlantic Cos. Secures Construction Financing, Breaks Ground on Mixed-Use Project in Roswell, Georgia

by John Nelson March 5, 2026

ROSWELL, GA. — The Atlantic Cos. has secured construction financing and commenced construction on Hillrose Market, a seven-acre mixed-use development in downtown Roswell, a northern suburb of Atlanta. The financing included debt from SouthState Bank and a revenue bond issued by the Roswell Downtown Development Authority. Patterson Real Estate Advisory Group arranged the financing. Located adjacent to City Hall with a walking trail connection to the city’s Canton Street district, Hillrose Market will comprise a six-building, 75,000-square-foot retail village surrounding a central greenspace, as well as an office building dubbed 25 Hill along Atlanta Street and an adaptive reuse of the former Roswell Police Department dubbed Station 37 that will feature ground-floor retail space and a second-level workplace. The overall development will also include 143 luxury rental flats and 16 two-story brownstone townhomes. Atlantic Cos. plans to deliver the project in the second half of 2027. The design-build team includes ASD | SKY (architect), Westbridge (commercial consultant), New South Construction Co. (general contractor), Kimley-Horn (civil engineer) and Crosby Design Group (interior design for the multifamily component). Bridger Properties is handling the development’s retail leasing assignment, and Cushman & Wakefield is handling office leasing.

March 5, 2026

Acquisitions Industrial Loans Southeast Tennessee

CBRE Arranges $58M Acquisition Financing for Industrial Portfolio in Metro Nashville

by John Nelson March 5, 2026

GOODLETTSVILLE AND SMYRNA, TENN. — CBRE has arranged $58 million in acquisition financing for a last-mile industrial portfolio in metro Nashville spanning more than 600,000 square feet. Mike Ryan, Richard Henry, J.P. Cordeiro and Taylor Crowder of CBRE’s Debt & Structured Finance team arranged the financing through Starwood on behalf of the borrower, Raith Capital Partners. The properties in the portfolio include: 300 Oak Bluff Lane in Goodlettsville (207,080 square feet); 100 Northfork Lane in Goodlettsville (67,000 square feet); 200 Northfork Lane in Goodlettsville (100,500 square feet); and 801 Swan Drive in Smyrna (229,504 square feet). Delivered between 1993 and 1998, the properties were fully leased at the time to five tenants and feature clear heights ranging from 24 to 30 feet.

March 5, 2026

Loans Office Washington Western

Gantry Secures $10.2M Refinancing for Terminal Sales Office Building in Downtown Seattle

by Amy Works March 5, 2026

SEATTLE — Gantry has secured a $10.2 million permanent loan to refinance the historic Terminal Sales office building in downtown Seattle. Located at 1932 1st Ave., adjacent to Pike Place Market, the 11-story, 92,400-square-foot building was originally delivered in 1925. The property was eventually renovated to serve as modern creative office space and includes street-level retail space. Mike Wood and Tim Brown of Gantry represented the borrower, a private real estate investor. The 10-year, fixed-rate nonrecourse loan was secured by Gantry’s network of insurance company correspondent lenders with 25-year amortization. Gantry will service the loan for the lender.

March 5, 2026

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