PRINCETON, TEXAS — A partnership between Core Spaces and Harrison Street Asset Management has refinanced a 408-unit multifamily property in Princeton, about 45 miles northeast of Dallas. The loan amount was not disclosed. Completed in late 2025, Oxenfree at Princeton offers a mix of rentable townhomes and detached single-family homes with private outdoor spaces and attached garages. Homes come in two-, three- and four-bedroom layouts, and amenities include a pool, fitness center, sports court and coworking space. Jonathan Firestone, Blake Thompson, Clint Frease, Travis Bailey and Josh Francis of Newmark arranged the loan through GID.
SAN MARCOS, TEXAS — JLL has arranged a bridge loan of an undisclosed amount for the refinancing of Clovis Crossing, a 213,125-square-foot industrial complex in San Marcos, located roughly midway between Austin and San Antonio. The two-building, 13.8-acre property features 32-foot clear heights, 60 dock doors, four drive-in ramps and 233 car parking spaces. Michael Klein, Jon Mikula, Michael Johnson, Nazario Paragano and John Beeler of JLL arranged the loan through Argentic Investment Management. The borrower, New Jersey-based investment firm Denholtz Properties, purchased Clovis Crossing in 2024.
DELAWARE, OHIO — Associated Bank has provided a $9 million loan to GTZ Properties for the development of Trailhead Crossing, a 12-acre retail property located at 1335-1131 U.S. Route 36 in Delaware, a northern suburb of Columbus. The project consists of three buildings occupied by Chik-Fil-A, Chipotle Mexican Grill and Take 5 oil change. A second, three-tenant strip center will be occupied by Dunkin’, Nothing Bundt Cakes and Pacific Dental Services. The project also contains two pad-ready sites, one of which is pending sale to a national daycare company. All Phase I tenants are expected to open by spring 2027. Phase II of the development will be anchored by a big-box national retailer.
WORCESTER, MASS. — JLL has arranged a $39 million bridge loan for the refinancing of The Arbella at Bramble Hill, a 123-unit active adult complex in the central Massachusetts city of Worcester. The newly built, 17.3-acre complex offers 57 one-bedroom and 66 two-bedroom apartments with an average size of 1,049 square feet that are housed across three buildings, as well as an 8,500-square-foot clubhouse. Amenities include a fitness center, wellness spa and salon, indoor pool, bistro, great room, multimedia theater, golf simulator and outdoor grilling and dining stations. Residents also have access to onsite pickleball and bocce courts, a community garden and a dog park. Henry Schaffer and Madeline Joyce of JLL arranged the loan through Eastern Bank on behalf of the owner, The United Group of Cos.
TAMPA, FLA. — KeyBank Real Estate Capital (KBREC) has provided a $22 million loan for the acquisition of U Lake Apartments, a 300-unit student housing community located near the University of South Florida in Tampa. Alan Isenstadt and Jack Hoffman of KBREC originated the loan on behalf of the borrower, Sharp Key Capital Fund VII, which plans to redevelop the property into a market-rate multifamily complex. Planned upgrades include the installation of property-wide HVAC systems, roofing improvements, enhanced landscaping and amenity renovations. Situated on nearly 22 acres at 14200 Bruce B. Downs Blvd. in Tampa’s University submarket, U Lake comprises 18 buildings with one- and two-bedroom floorplans, according to Apartments.com. Amenities at the property include three swimming pools, a fitness center, tennis and volleyball courts, a dog park, outdoor gathering spaces and clubhouse facilities.
FRIENDSWOOD, TEXAS — Florida-based intermediary Concord Summit Capital has arranged $28 million in financing for The Albritton, a 163,176-square-foot mixed-use project that is under construction in the southeastern Houston suburb of Friendswood. The Albritton is planned to feature 111 apartments, 11,000 square feet of retail space, 9,000 square feet of office space and a 72,000-square-foot parking garage. Daniel Eidson and Ben Applebaum of Concord Summit Capital originated the nonrecourse loan through an undisclosed lender on behalf of the borrower, Tannos Development Group. Completion is slated for 2028.
CHESTER, VA. — Bonaventure has begun construction on Attain at Swift Creek, a $93.3 million multifamily development located at 6805 Greenyard Road in Chester, a southern suburb of Richmond in Chesterfield County. The Alexandria, Va.-based developer obtained a $79.9 million HUD 221(d)(4) construction loan for the project. Walker & Dunlop originated the 40-year, fixed-rate loan on behalf of Bonaventure, which will finance the balance of the development costs via its balance sheet while searching for a long-term equity partner. Situated on a 31-acre site adjacent to a Kroger Marketplace-anchored shopping center, Attain at Swift Creek will feature a mix of one-, two- and three-bedroom apartments averaging 1,058 square feet in size. The project team includes KBS Inc. (general contractor), RBA Architects and Timmons Group (civil engineer). Bonaventure will name a property manager for the community at a later date.
BAYTOWN, TEXAS — Northmarq has arranged $102 million in financing for a 1.3 million-square-foot industrial project that will be located in the eastern Houston suburb of Baytown. The 92-acre project represents Phase II of Port 99 and will consist of three buildings with cross-dock and front-load configurations. The financing includes both debt and equity. A specific breakdown of each component was not disclosed, but the package includes a senior construction loan of an undisclosed amount from Bank OZK, a $30.4 mezzanine loan from PGIM and a joint venture equity investment from Junction Commercial Real Estate. Warren Hitchcock led the Northmarq team that arranged the financing on behalf of the developer, Provident Realty Advisors.
ROCKLIN, CALIF. — Merchants Capital has provided roughly $193 million in financing for The Frances and The Steven, a pair of affordable housing developments in Rocklin, about 20 miles north of Sacramento. Developed by USA Properties Fund, the communities will provide 504 new affordable apartments for seniors and families across a range of income levels. Financing for The Frances includes a $72.1 million private placement bond loan through AllianceBernstein and $76.1 million in construction period debt to bridge incoming tax credit equity and permanent bond financing provided by Merchants Bank. Financing for The Steven includes a $30.6 million private placement tax-exempt bond loan through AllianceBernstein and $15 million in construction period debt provided by Merchants Bank. The Frances will feature 324 one-, two- and three-bedroom apartments designated to residents earning 30 to 70 percent of the area median income (AMI) with fully equipped kitchens, central air conditioning and walk-in closets. Community amenities will include a pool, playground, fitness center, courtyard/picnic area, community room, dog park, computer room, service coordinator and an onsite manager. The Steven will add 180 one- and two-bedroom apartments for seniors aged 55 and up that earn between 30 and 70 percent of AMI. Nonprofit organization LifeSTEPS will …
NEW YORK CITY — Locally based developer Slate Property Group has received an $86.2 million loan for the refinancing of Dutch House, a 186-unit apartment complex located in the Long Island City area of Queens. Designed by Aufgang Architects and completed in 2022, Dutch House features studio, one- and two-bedroom units and 21,000 square feet of ground-floor retail space. Roughly 30 percent (56) of the apartments are earmarked as affordable housing. Amenities include a lobby with concierge service, fitness center, recreation room with a pool table and a rooftop terrace. Aaron Appel, Jonathan Schwartz, Dustin Stolly, Keith Kurland, Adam Schwartz and Sean Bastian of Walker & Dunlop arranged the loan through Ares Capital Management on behalf of Slate, which owns the property in partnership with Avenue Realty Capital. The loan retires 2023 debt issued by Los Angeles-based PCCP.
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