Loans Archives - REBusinessOnline

Walker & Dunlop Arranges $104.5M Construction Loan for Ritz-Carlton Savannah Hotel

John Nelson — Wed, 08 Apr 2026 14:30:23 +0000

SAVANNAH, GA. — Walker & Dunlop has arranged a $104.5 million construction loan for Ritz-Carlton Savannah, a 168-room luxury hotel located at 2 E. Bryan St. in Savannah. The hotel is a redevelopment of two obsolete office buildings built in 1911 in Savannah’s Historic District. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Ari Hirt, Sean Reimer and Jason Schwartzberg of Walker & Dunlop arranged the loan through The LCP Group LP on behalf of the borrower, TMGOC Ventures. Jay Morrow and Carter Gradwell of the Walker & Dunlop Hospitality Advisory team assisted and advised the borrower, which is utilizing federal and state historic rehabilitation tax credit programs to help fund the redevelopment. At completion, the Ritz-Carlton Savannah will feature multiple food-and-beverage options on the lower level, ground floor, second floor and rooftop.

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ACRES Capital Provides $96M Construction Loan for White Plains Multifamily Project

Taylor Williams — Wed, 08 Apr 2026 14:03:06 +0000

WHITE PLAINS, N.Y. — ACRES Capital Corp. has provided a $96 million construction loan for 70 Westchester, a new multifamily project in White Plains, located north of New York City. The number of units and floor plans was not disclosed, but residences will be furnished with quartz countertops and “high-quality” kitchen and bathroom finishes. Amenities will include a pool, private dining room, coworking lounge, rooftop terrace, fitness center and an esports lounge. Completion is slated for fall 2027. The developer was also not disclosed.

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Sonnenblick-Eichner Co. Arranges $26M Refinancing for Residence Inn Hotel in Walnut Creek, California

Amy Works — Wed, 08 Apr 2026 13:51:06 +0000

WALNUT CREEK, CALIF. — Sonnenblick-Eichner Co. has arranged a $26 million first mortgage loan to refinance the Residence Inn by Marriott Walnut Creek. Funded by a Wall Street investment bank, the nonrecourse fixed-rate, five-year loan features interest-only payments for the full term. Located in Walnut Creek, the six-story extended-stay hotel features 160 guest rooms and 870 square feet of meeting space, an indoor pool, fitness center, outdoor patio, barbecue area and subterranean parking for 144 cars. The property is located less than one-half mile from the Walnut Creek BART station, which provides access to downtown San Francisco and the surrounding Bay Area.

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Gantry Secures $10M Refinancing for Sunchase Apartments in Albuquerque

Amy Works — Wed, 08 Apr 2026 13:47:44 +0000

ALBUQUERQUE, N.M. — Gantry has secured a $10 milion permanent loan to refinance Sunchase, a multifamily property located at 3901 Montgomery Blvd. NE in northeast Albuquerque’s Reindeer neighborhood. Situated on 10.2 acres, the community consists of 15 garden-style residential buildings offering a total of 240 one- and two-bedroom apartments. Community amenities include a swimming pool with spa, clubhouse, business center, playground, covered parking and gated access. Blake Hering and Kristin Lapinskas of Gantry represented the borrower, a private real estate investor group, in the financing. The seven-year, fixed-rate loan was secured from one of Gantry’s correspondent life companies and features full-term interest-only payments. Gantry will service the loan for the lender.

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Berkadia Arranges Fannie Mae Loan for 96-Unit Meadowood Townhomes in Grand Rapids

Kristin Harlow — Wed, 08 Apr 2026 13:42:32 +0000

GRAND RAPIDS, MICH. — Berkadia has arranged financing for Meadowood Townhomes, a 96-unit, newly constructed multifamily property in Grand Rapids. Aaron Moll, Dominick Ens and Kevin Nimmo of Berkadia secured the loan through Fannie Mae. The borrower is the developer of the property, Grand Rapids-based Wheeler Development Group, which owns and operates the asset under its affiliated property management company, PURE Real Estate Management. The 10-year loan featured a 5.32 percent interest rate with seven years of interest-only payments followed by a 30-year amortization. Meadowood Townhomes was built in 2025.

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Brandywine Receives $87.3M in C-PACE Financing for Philadelphia Life Sciences Facility

Taylor Williams — Wed, 08 Apr 2026 13:41:27 +0000

PHILADELPHIA — Brandywine Realty Trust has received $87.3 million in C-PACE financing for 3151 Market Street, a 494,530-square-foot life sciences facility located within the developer’s Schuylkill Yards mixed-use destination in Philadelphia. The newly completed facility also includes traditional office space in addition to lab facilities and various tenant amenities. Nuveen Green Capital provided the financing, and the deal team says that the amount represents the largest C-PACE loan closing in Pennsylvania’s history. The Philadelphia Energy Authority will administer the financing.

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JLL Arranges Acquisition Financing for 322-Unit Apartment Community in Denton

Taylor Williams — Tue, 07 Apr 2026 15:03:40 +0000

DENTON, TEXAS — JLL has arranged acquisition financing for Resia Rayzor Ranch, a 322-unit apartment community located in the North Texas city of Denton. Completed in 2024 and located within a master-planned community of the same name, Resia Rayzor Ranch consists of two buildings on a 3.1-acre site. Units come in one-, two- and three-bedroom floor plans and have an average size of 792 square feet. Amenities include a pool, fitness center, pickleball and basketball courts, outdoor grilling and dining stations, coworking space and package lockers. Jesse Wright, Philip Galligan and Lauren Dow of JLL arranged the loan through private equity firm ACRE on behalf of the borrower, Miami-based owner-operator Resia.

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Partnership Receives $172M in Financing for Mixed-Income Housing Redevelopment in Metro Boston

Taylor Williams — Tue, 07 Apr 2026 14:27:37 +0000

CHARLESTOWN, MASS. — A partnership between Leggat McCall Properties, Joseph J. Corcoran Co. and the Boston Housing Authority has received $172 million in financing for a mixed-income housing redevelopment in Charlestown, located north of Boston. The financing consists of a $122 million construction loan from Los Angeles-based Cottonwood Group and a $50 million equity investment from the City of Boston’s Housing Accelerator Fund. The partnership will use the proceeds to fund the redevelopment of the 266-unit Building F of the Bunker Hill Housing Redevelopment, which rises nine stories and comprises 208 market-rate units and 58 affordable housing units. The project is part of a larger initiative that aims to redevelop the entire Bunker Hill public housing community over the next decade, creating a total of 2,699 units of housing through both repositioning of existing affordable housing units and the addition of market-rate homes.

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JLL Arranges $20.5M Loan for Refinancing of Coastal New Jersey Shopping Center

Taylor Williams — Tue, 07 Apr 2026 13:47:20 +0000

STAFFORD TOWNSHIP, N.J. — JLL has arranged a $20.5 million loan for the refinancing of Stafford Park, a 140,893-square-foot shopping center in Stafford Township, located I coastal New Jersey. Developed in 2007, the open-air center was fully leased at the time of sale to tenants such as Dick’s Sporting Goods, Best Buy, PetSmart and Ulta. Jim Cadranell, Ryan Carroll and Christian Badalamenti of JLL arranged the five-year, fixed-rate loan through an undisclosed investment manager on behalf of the borrower, regional owner-operator Walters Group.

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Forman Capital Provides $20.5M Loan for Hotel Indigo in Huntsville

Abby Cox — Mon, 06 Apr 2026 14:02:24 +0000

HUNTSVILLE, ALA. — Forman Capital has provided a $20.5 million bridge loan for Hotel Indigo, a newly built, 112-room boutique hotel located within Huntsville’s MidCity District. Ben Jacobson, Scott Mehlman, Ty Regnier and Cameron Fleury of Forman Capital secured the loan on behalf of the borrower and developer, ViaNova Development. The loan paid off the construction financing for the five-story hotel. The pet-friendly property, which is expected to open over the next few weeks, will feature meeting space, an onsite restaurant and a fitness center.

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JLL Arranges Refinancing for The Opal Multifamily Community in West Valley City, Utah

Amy Works — Mon, 06 Apr 2026 13:50:55 +0000

WEST VALLEY CITY, UTAH — JLL Capital Markets has secured refinancing for The Opal, an apartment property at 2600 W. 3800 S. in West Valley City. Leon McBroom, Jack Hunsicker and Ellie Savage of JLL arranged the financing for the borrowers, TPG Angelo Gordon and Timberlane Partners. Completed in September 2024, The Opal features 262 studio, one- and two-bedroom apartments. Community amenities include a fitness center overlooking an elevated amenity deck with an outdoor swimming pool and hot tub, pickleball courts and a high-end clubroom. The three- and five-story buildings offer 447 parking spaces across a structured garage and surface lot.

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Partnership Receives $298M in Financing for Redevelopment of Lake Tahoe Hotel

Taylor Williams — Mon, 06 Apr 2026 11:53:00 +0000

LAKE TAHOE, NEV. — A partnership between Colorado-based development and investment firm Realberry, operator Proper Hospitality and international real estate firm The KOR Group has received $298 million in financing for the redevelopment of a hotel resort property in Lake Tahoe, a tourist destination located along the California-Nevada border. The project involves the reimagining and conversion of the historic Cal Neva Hotel, which first opened in 1926, into a hospitality and entertainment destination that will be known as Lake Tahoe Proper Resort and Casino. Completion of the redevelopment and the opening of the new hotel are scheduled for 2027. “Cal Neva is one of the most storied hospitality properties in the West, and we feel a deep responsibility to get the execution right with Lake Tahoe Proper,” says Chad McWhinney, CEO of Realberry. “Our focus has been on rigorous restoration, and this financing milestone allows us to continue to thoughtfully reestablish this asset as a premier hospitality destination in Lake Tahoe, balancing preservation and long-term stewardship.” Plans for Lake Tahoe Proper Resort and Casino currently call for 197 guestrooms, suites and private villas, as well as multiple restaurants and bars. In addition to the casino, the property will also feature…

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Matthews Arranges Sale of 12,000 SF Academic Building in Leander, Texas

Taylor Williams — Fri, 03 Apr 2026 14:21:14 +0000

LEANDER, TEXAS — Nashville-based brokerage firm Matthews Real Estate Investment Services has arranged the sale of a 12,000-square-foot academic building in Leander, a northern suburb of Austin. The building at 441 W Broade St. is leased to Kindercare Learning. Bryce Wong and Patrick Graham of Matthews brokered the deal. The buyer and seller were not disclosed. Matthews also arranged a $5.2 million acquisition loan for the transaction through an undisclosed regional bank.

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Middleburg, HGI Secure Construction Financing for 299-Unit Multifamily Development in Richmond

Abby Cox — Fri, 03 Apr 2026 13:36:45 +0000

RICHMOND, VA. — A joint venture between Northern Virginia-based developer Middleburg and affiliates of Harbor Group International (HGI) has secured construction financing for Scottwood, a 299-unit multifamily development located at 4400 W. Broad St. in Richmond. Truist Bank provided an undisclosed amount of financing for the project. Construction is set to commence this month, with initial deliveries anticipated in late 2027. Situated just west of the city’s Scott’s Addition District near Topgolf Richmond, Scottwood will span two four-story buildings, one with 132 units and the other with 167, as reported by Richmond BizSense. Additionally, the project will feature curated courtyards throughout the property and activated amenity spaces along West Broad Street.

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Gantry Secures $18M in Financing for Gateway Quads Industrial Property in Mesa, Arizona

Amy Works — Fri, 03 Apr 2026 13:10:40 +0000

MESA, ARIZ. — Gantry has secured an $18 million permanent loan as construction takeout financing following the development and lease-up of Gateway Quads, an industrial park in Mesa. Located at 8150 E. Germann Road, the four-building, multi-tenant asset features 122,720 leasable square feet. The 30,680-square-foot buildings are each divisible to 7,600 square feet with 24-foot clear heights, truck well and grade-level loading, 1,200 amps of 480V and secured by 180-foot truck courts. Tim Storey, Chad Metzger and Andrew Christopherson of Gantry represented the borrower, a private real estate investor. The 10-year, nonrecourse, fixed-rate loan was provided by one of Gantry’s correspondent insurance company lenders. The loan features partial-term interest-only payments transitioning to 30-year amortization. Gantry will service the loan for its correspondent.

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Newmark Arranges $525M Refinancing for Amazon-Leased Office Tower in Bellevue, Washington

Abby Cox — Fri, 03 Apr 2026 11:45:00 +0000

BELLEVUE, WASH. — Newmark has arranged a $525 million loan for the refinancing of The Artise, a recently delivered, 25-story trophy office tower located in downtown Bellevue. Goldman Sachs and Deutsche Bank issued the new loan, which replaces a $520 million loan that was originally secured in September 2021, according to Puget Sound Business Journal. Jonathan Firestone, Blake Thompson and Kevin Shannon of Newmark secured the financing on behalf of a joint venture between Schnitzer West, the developer of the tower, and The Baupost Group. “Securing this refinancing for The Artise underscores lender confidence in Bellevue’s premier office market and the long-term durability of this tenancy,” says Firestone, who serves as the co-president of Global Debt & Structured Finance at Newmark. Situated at the corner of NE 8th Street and 106th Avenue on the other side of Lake Washington from Seattle, The Artise was completed in 2024 and includes more than 600,000 square feet of office space that is fully preleased to Amazon. Amazon paused interior construction at the office property in 2022, but restarted work in October 2025, as reported by Puget Sound Business Journal. Along with office space, The Artise features 7,000 square feet of vacant ground-floor retail…

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Naftali Provides $203M in Financing for Office-to-Residential Conversion Project in Manhattan

Taylor Williams — Thu, 02 Apr 2026 14:31:47 +0000

NEW YORK CITY — Naftali Credit Partners, an alternative lender and subsidiary of global investment firm Naftali Group, has provided $203 million in financing for an office-to-residential conversion project in Midtown Manhattan. The financing comprises a $167 million senior loan and a $36 million mezzanine loan. The borrower is private equity firm Yellowstone Real Estate Investments, and the property in question is the 25-story building at 221 West 41st St., which was originally constructed in 1925. The converted building will include a 25 percent affordable housing component and amenities such as a fitness center, spa, golf simulator, lounge and an outdoor terrace. A construction timeline was not announced.

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JLL Arranges Refinancing for 506-Room Tri-Brand Hotel in Downtown Nashville

John Nelson — Thu, 02 Apr 2026 14:04:35 +0000

NASHVILLE, TENN. — JLL has arranged the refinancing of a tri-brand Marriott hotel located at 410 Rep. John Lewis Way S in downtown Nashville. Opened in 2019, the hotel combines three Marriott selective-service hotel brands and is one of two tri-brand hotel properties in the United States, according to JLL. The property comprises AC Nashville Downtown (209 rooms), Residence Inn Nashville Downtown/Convention Center (172 rooms) and SpringHill Suites Nashville Downtown/Convention Center (125 rooms). Kevin Davis, Dan Peek, Mark Fisher, Carolina Bernal, Carly Pomerantz and Malia Buljat of JLL arranged the five-year loan on behalf of the borrower, North Point Hospitality. Terms of the financing were not disclosed. North Point completed a $13 million expansion last year that added 36 Residence Inn Elite rooms to the property. Amenities at the property include eight food-and-beverage outlets, as well as 9,016 square feet of meeting space, an outdoor pool and hot tub deck, fitness center, sundries shop and 275 onsite parking spaces with valet service.

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GFP Real Estate Receives $83M Loan for Refinancing of Manhattan Office, Retail Building

Taylor Williams — Thu, 02 Apr 2026 13:56:25 +0000

NEW YORK CITY — Local owner-operator GFP Real Estate has received an $83 million loan for the refinancing of 100 Crosby Street, an office and retail building in Manhattan’s SoHo neighborhood. The six-story, 175,000-square-foot building was originally constructed in 1884 and was fully leased at the time of the loan closing. Office users include Runway Growth Capital, Little Spoon, Shine Capital and Empire Entertainment, while American Eagle and Canadian fashion retailer Aritzia anchor the building’s retail component. TD Bank and BNY (formerly Bank of New York Mellon) provided the loan, which was arranged by Paul Talbot of Newmark.

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SF Capital Arranges $31.2M Refinancing for Multifamily Property in Metro Green Bay

Kristin Harlow — Thu, 02 Apr 2026 13:10:00 +0000

GREEN BAY, WIS. — SF Capital has arranged a $31.2 million loan for the refinancing of a multifamily property in metro Green Bay. Aaron Stemple of SF Capital arranged the loan through a life insurance company on behalf of the undisclosed borrower. The loan features a 75 percent loan-to-value ratio and a 10-year, fixed-rate term.

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