Wednesday, November 26, 2025
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GeorgiaLoansMultifamilySoutheast

Dwight Mortgage Trust Provides $41M Refinancing for Augusta Apartment Community

by John Nelson

AUGUSTA, GA. — Dwight Mortgage Trust, an affiliate REIT of Dwight Capital, has provided a $41 million loan for the refinancing of Pointe Grand Reservation Way, a newly constructed, 264-unit apartment community located at 255 Reservation Way in Augusta. Josh Hoffman and Jonathan Pomper of Dwight Mortgage Trust originated the loan for the borrower, Winter Park, Fla.-based Hillpointe. The loan will refinance existing debt, fund an interest reserve, cover transaction costs and return built-up equity accumulated during construction. Pointe Grand Reservation Way features a clubhouse, resort-style pool, business center, fitness center, firepit, picnic area and electric vehicle charging stations.

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4701-Pine-Street-Philadelphia
LoansMultifamilyNortheastPennsylvania

GFI Realty Arranges $96M Loan for Refinancing of Philadelphia Multifamily Property

by Taylor Williams

PHILADELPHIA — New York City-based brokerage and advisory firm GFI Realty Services has arranged a $96 million loan for the refinancing of 4701 Pine Street, a 412-unit multifamily property in Philadelphia’s University City neighborhood. The property consists of a 192-unit pre-war building that was recently renovated, a newly constructed, 220-unit building, 10,000 square feet of retail space and a 260-space parking garage. Daniel Lerer of GFI Realty arranged the loan. The borrower and direct lender were not disclosed.

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From Hype to Readiness AI webinar panel
AcquisitionsFeaturesIndustrialLeasing ActivityLoansMidwestMultifamilyNortheastOfficeRetailSoutheastTexasVideoWebinarWestern

Webinar: From Hype to Readiness — How Commercial Real Estate Firms Are Preparing for AI

by Sarah Daniels

The November 18 France Media webinar “From Hype to Readiness — How Commercial Real Estate Firms Are Preparing for AI,” hosted by France Media and sponsored by Defease With Ease | Thirty Capital, offered a look at the realities of artificial intelligence (AI) within the industry. What can a year of AI use in commercial real estate tell us about implementation and tactics? Panelists touched on the limitations of general-purpose tools, as well as trending topics including safeguards, data privacy, accuracy and institutional control.  For professionals engaged in commercial real estate, the session highlighted practical ways AI can elevate both day-to-day efficiency and organizational sophistication (especially if efforts are backed up by a unified library of proprietary portfolio data).  Panelists discussed how purpose-built platforms can support underwriting, refinancing, internal reporting and ongoing asset optimization by using secure, updated data. The expert presenters gave concrete examples on how AI can act as an effort multiplier: it can strengthen accuracy, surface risks earlier and broaden the capabilities of team members. The included case study underscored real-world advantages, including improved reporting integrity, stronger oversight and better workflow automation. Register here to watch this brief webinar to gain helpful insights on integrating new technology …

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LoansMultifamilyNew YorkNortheast

GFI Realty Arranges $40M Acquisition Loan for Brooklyn Multifamily Building

by Taylor Williams

NEW YORK CITY — Locally based brokerage and advisory firm GFI Realty Services has arranged a $40 million acquisition loan for 1501 Voorhies Avenue, a multifamily building in Brooklyn’s Sheepshead Bay area. The loan is collateralized by the rental portion of the building, spanning floors two through 19, as well as a 105-space parking garage. Floors 20 through 28 house condos. Daniel Lerer of GFI Realty arranged the loan through OceanFirst Bank. The undisclosed borrower has rebranded the building as Aqualina New York.

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CaliforniaDevelopmentLoansMultifamilyWestern

Northmarq Secures $66.1M Construction Loan for Palm & Hollister Apartments in San Diego

by Amy Works

SAN DIEGO — Northmarq has arranged a $66.1 million construction loan on behalf of Ambient Communities for the development of Palm & Hollister Apartments in San Diego. Located at 555 Hollister St., the proposed community will feature 198 apartments. Aaron Beck, Bryce Quezada, Conor Freeman and Wyatt Campbell of Northmarq arranged the financing through Genesis Capital. The loan includes a three-year initial term and the option to roll into a mini perm upon completion of construction.

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Affordable HousingDevelopmentLoansMidwestMultifamilyOhio

Merchants Capital Secures $152.3M in Financing for Affordable Housing Project Near Columbus, Ohio

by Kristin Harlow

WHITEHALL, OHIO — Merchants Capital has secured $152.3 million in total financing for The Aries Lofts, a 315-unit affordable housing community in Whitehall developed by LDG Development LLC. Merchants Capital secured a $42.7 million Freddie Mac Forward TEL permanent loan, a $60 million tax-exempt construction loan and an $8 million equity bridge loan provided by Merchants Bank. As the syndicator, Merchants Capital provided $41.6 million in 4 percent low-income housing tax credit equity. LDG Development received Brownfield Remediation Funds from the Ohio Department of Development for environmental remediation of the project site, formerly the Wirthman Brothers Junkyard. The City of Whitehall awarded a 15-year payment in lieu of taxes agreement, granting a Community Reinvestment Area tax exemption. The Franklin County Economic Development & Planning Department also awarded a grant. Additional project financing included a bridge loan from The Affordable Housing Trust for Columbus and Franklin County as well as a partnership through a capital lease with the Columbus-Franklin County Finance Authority. Upon completion, The Aries Lofts will set aside 66 units for families earning 50 percent of the area median income (AMI), 183 units at 60 percent AMI and 66 units at 70 percent AMI. The project will feature one-, …

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33-35-W.-125th-St.-Harlem
DevelopmentLoansMultifamilyNew YorkNortheast

Dwight Mortgage Trust Provides $70M Construction Loan for Harlem Multifamily Project

by Taylor Williams

NEW YORK CITY — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided a $70 million construction loan for a proposed 180-unit multifamily project that will be located at 33-35 W. 125th St. in Harlem. The property will offer a mix of studio, one- and two-bedroom units, 30 percent of which will be reserved as affordable housing. Amenities will include a fitness center, rooftop terrace, lounge and a library, and the property will also house 17,440 square feet of commercial space. Keith Hoffman led the transaction for Dwight. The borrower is Irgang Group.

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Parks at Delray Skye
FloridaLoansMultifamilySoutheast

13th Floor, Key International Break Ground on 327-Unit Skye Apartment Community in Delray Beach, Florida

by Abby Cox

DELRAY BEACH, FLA. — 13th Floor Investments and Key International have broken ground on Skye, a 327-unit apartment community located in Delray Beach, approximately eight miles north of Boca Raton, Fla. CIBC Bank USA is providing a $79.2 million construction loan to finance the project. The Skye apartment complex is the second residential phase of the 50-acre Parks at Delray mixed-use development, following the debut of Savio, a 420-unit apartment complex. Skye is slated for completion in 2027. Designed by MSA Architects, Skye will offer studios, one-, two- and three-bedroom floorplans ranging in size from 560 to 1,410 square feet, as well as three-bedroom townhome options spanning up to 1,770 square feet. Amenities at the complex will include a beach-entry swimming pool with cabanas and a pool bar, parks with jogging trails and outdoor BBQs and an outdoor “tot lot” and children’s playroom. Additional amenities include a 24-7 fitness center, yoga room, dog park, coworking spaces with a business center, lounge, social club room with a kitchen and a bar. Residents also have access to package rooms, select garages, covered parking and complimentary Wi-Fi in common areas.

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Hilton Garden Inn Bel Air
HospitalityLoansMarylandSoutheast

PMZ Realty Capital Arranges $12M Loan for Hilton Hotel Property in Metro Baltimore

by Abby Cox

BEL AIR, MD. — PMZ Realty Capital has arranged a $12 million bridge loan for Hilton Garden Inn Bel Air, an 83-room hotel located in Bel Air, roughly 30 miles northeast of Baltimore. A private lender provided the financing for the new bridge loan, which will replace the previous loan. The Hilton Garden Inn Bel Air features a heated indoor swimming pool, fitness center, complimentary Wi-Fi, free parking, electric vehicle charging stations, the Garden Grill & Bar hotel restaurant and 2,200 square feet of flexible meeting and event space.

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21008-N-23rd-Ave-Phoenix-AZ
ArizonaLoansMultifamilyWestern

Gantry Secures $8.5M Refinancing for Multifamily Property in Phoenix

by Amy Works

PHOENIX — Gantry has secured an $8.5 million permanent loan to refinance the Rose Garden Apartments, located at 21008 N. 23rd Ave. in Phoenix. The Class B, garden-style apartment community features 55 one- and two-bedroom floor plans. Adam Parker, Chad Metzger and Andrew Christopherson of Gantry’s Phoenix production office represented the borrower, a private real estate investor. The Fannie Mae loan features a 10-year term, fixed interest rate and interest-only payments for half of the term prior to transitioning to a 30-year amortization schedule.

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