Loans Archives - REBusinessOnline https://rebusinessonline.com/category/loans/ Commercial Real Estate from Coast to Coast Thu, 19 Mar 2026 14:43:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://rebusinessonline.com/wp-content/uploads/2020/09/cropped-REBusiness-logo-512px-32x32.png Loans Archives - REBusinessOnline https://rebusinessonline.com/category/loans/ 32 32 JLL Arranges $24.7M Refinancing for Office Building in Coral Gables, Florida https://rebusinessonline.com/jll-arranges-24-7m-refinancing-for-office-building-in-coral-gables-florida/ Thu, 19 Mar 2026 14:43:18 +0000 https://rebusinessonline.com/?p=452746 CORAL GABLES, FLA. — JLL has arranged a $24.7 million loan for the refinancing of 2000 Ponce, a 109,745-square-foot office building in Coral Gables, about five miles west of Miami. Jesse Wright, Matt McCormack, Joshua Odessky and Patrick Salata of JLL arranged the five-year loan through Crestline Investors on behalf of the borrower, Westside Capital Group, a private equity firm that purchased the property in 2022. 2000 Ponce features ground-level retail space leased to tenants including Bachour Marketplace, D’Cassa and Zativa Life Health and Wellness Spa. Office tenants include Westside Capital Group and Hejl Foundation. The property also includes a 105-space parking garage.

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]]> Gantry Secures $12M Refinancing for Two-Building Industrial Asset in Hillsboro, Oregon https://rebusinessonline.com/gantry-secures-12m-refinancing-for-two-building-industrial-asset-in-hillsboro-oregon/ Wed, 18 Mar 2026 15:49:59 +0000 https://rebusinessonline.com/?p=452660 HILLSBORO, ORE. — Gantry has secured a $12 million permanent loan to refinance maturing debt for a pair of industrial warehouse buildings located at 5640 N.E. Wagon Drive Blvd. in Hillsboro. The 10-acre site features two buildings offering a total of 192,000 rentable square feet, including a single-tenant asset with 152,000 rentable square feet and an adjacent 40,000-square-foot multi-tenant flex building. Blake Hering, Kristin Lapinskas and Abi Hunter of Gantry’s Portland, Ore., office represented the borrower, a private real estate investor. The 10-year, fixed-rate nonrecourse loan set at a 25-year amortization was secured from one of Gantry’s insurance company correspondents. Gantry will service the loan for the lender.

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]]> Longleaf Capital Obtains Acquisition Loan for Industrial Property in Spartanburg, South Carolina https://rebusinessonline.com/longleaf-capital-obtains-acquisition-loan-for-industrial-property-in-spartanburg-south-carolina/ Wed, 18 Mar 2026 14:13:13 +0000 https://rebusinessonline.com/?p=452644 SPARTANBURG, S.C. — Nashville-based Longleaf Capital Partners has obtained an undisclosed amount of acquisition financing for 185 Littlejohn Street, a two-building industrial property in Spartanburg. The 247,000-square-foot property sits on 24.1 acres in close proximity to interstates 26 and 85, as well as Inland Port Greer and BMW’s U.S. manufacturing headquarters. Patterson Real Estate Advisory Group arranged the senior loan through Georgia Banking Co. Longleaf plans to overhaul the property’s building systems, address deferred maintenance and market the 114,000 square feet of available Class B space to prospective tenants.

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]]> JLL Arranges $370M Loan for Refinancing of Brooklyn Apartment Complex https://rebusinessonline.com/jll-arranges-370m-loan-for-refinancing-of-brooklyn-apartment-complex/ Wed, 18 Mar 2026 13:55:09 +0000 https://rebusinessonline.com/?p=452630 NEW YORK CITY — JLL has arranged a $370 million bridge loan for the refinancing of Society Brooklyn, a 517-unit apartment complex in the borough’s Gowanus neighborhood. Society Brooklyn comprises 385 market-rate units and 132 affordable housing units, as well as 57,288 square feet of retail and commercial space, across two buildings. Residences are furnished with stainless steel appliances, Caesarstone countertops and individual washers and dryers. Amenities include fitness centers, yoga studios, screening rooms, coworking spaces, rooftop terraces and pool decks with barbecue areas. Christopher Peck, Peter Rotchford and Nicco Lupo of JLL arranged the three-year loan through Brookfield Asset Management. The borrower is a partnership between Property Markets Group and The Carlyle Group.

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]]> Walker & Dunlop Arranges $46.5M Loan for Refinancing of San Antonio Apartment Community https://rebusinessonline.com/walker-dunlop-arranges-46-5m-loan-for-refinancing-of-san-antonio-apartment-community/ Tue, 17 Mar 2026 14:29:10 +0000 https://rebusinessonline.com/?p=452578 SAN ANTONIO — Walker & Dunlop has arranged a $46.5 million loan for the refinancing of Park at Westover Hills, a 372-unit apartment community located in the Far West submarket of San Antonio. Park at Westover Hills is a garden-style community that consists of 14 buildings that house studio, one-, two- and three-bedroom units. Amenities include a pool, fitness center, conference rooms, coffee bar, outdoor grilling and dining areas and two dog parks. Walker & Dunlop Investment Partners provided the loan to GenCap Partners, which developed the property in partnership with International Development.

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]]> Peachtree Group Originates $103M Loan for Hilton Miami Beach Convention Center Hotel https://rebusinessonline.com/peachtree-group-originates-103m-loan-for-hilton-miami-beach-convention-center-hotel/ Tue, 17 Mar 2026 14:16:15 +0000 https://rebusinessonline.com/?p=452572 MIAMI BEACH, FLA. — Atlanta-based Peachtree Group has originated a $103 million bridge loan for the recapitalization and completion of the 289-room Hilton Miami Beach Convention Center Hotel. The development team behind the hotel was not released. The property is a redevelopment of the historic Collins Park Hotel, which is designated by the City of Miami Beach Historic Preservation Board. The hotel is set for completion in May and will sit steps from the Miami Beach Convention Center and two blocks from the Atlantic Ocean. According to the property website, the hotel will offer complimentary Wi-Fi, an onsite concierge, restaurant, bar, outdoor swimming pool and a fitness center. Also adjacent to Miami Beach Convention Center is Grand Hyatt Miami Beach, a 17-story hotel by Terra and Turnberry that will span 800 rooms upon completion.

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]]> GFP Receives $86.5M Loan for Refinancing of Midtown Manhattan Office Building https://rebusinessonline.com/gfp-receives-86-5m-loan-for-refinancing-of-midtown-manhattan-office-building/ Tue, 17 Mar 2026 14:02:47 +0000 https://rebusinessonline.com/?p=452558 NEW YORK CITY — Local owner-operator GFP Real Estate has received an $86.5 million loan for the refinancing of 515 Madison Avenue, a 42-story office building in Midtown Manhattan. Originally constructed in 1932, the 350,000-square-foot structure is known locally as the DuMont Building, a name that references the building’s role in the first television broadcasts of Allen DuMont’s experimental station W2XWV in 1938. Today, the building is home to tenants such as Encore Physical Therapy, Longacre Asset Management and GFP Real Estate itself. Paul Talbot of Newmark arranged the 10-year, floating-rate loan, which retires a $120 million loan that was originated in 2012 and had a balance of $81 million, through Apple Bank.

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]]> Northmarq Arranges $145M Refinancing for Two-Building Office Campus in Cupertino, California https://rebusinessonline.com/northmarq-arranges-145m-refinancing-for-two-building-office-campus-in-cupertino-california/ Tue, 17 Mar 2026 13:31:35 +0000 https://rebusinessonline.com/?p=452521 CUPERTINO, CALIF. — Northmarq has arranged $145 million in refinancing for The Towers at Cupertino City Center, a two-building office campus in Cupertino. Prometheus Real Estate Group owns and operates the Class A property. Nathan Prouty, Andrew Slaton and John Holt of Northmarq secured the financing for the borrower through Wells Fargo. Located at 20400 and 20450 Stevens Creek Blvd., the campus offers 357,502 square feet of office space on a 3.2-acre site at the intersection of Stevens Creek and De Anza boulevards. Originally constructed by Prometheus in 1989, the property underwent significant renovations in 2022.

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]]> Gantry Secures $13.5M Loan for Refinancing of Historic Office Building in Palo Alto, California https://rebusinessonline.com/gantry-secures-13-5m-loan-for-refinancing-of-office-building-in-palo-alto-california/ Fri, 13 Mar 2026 14:02:19 +0000 https://rebusinessonline.com/?p=452318 PALO ALTO, CALIF. — Gantry has secured a $13.5 million permanent loan to refinance a timely maturity on a historic office building in Palo Alto. Located at 384 University Ave., the three-story property features 14,500 square feet of rentable space, including street-level retail space with two office floors above. The property is currently fully leased with a staggered lease roll. Jeff Wilcox and Joe Foley of Gantry represented the borrowers, Big Property Ventures and Baskin Investment Group, in the financing. An institutional pension fund lender provided the five-year, fixed-rate loan, which features first-year interest-only payments followed by a 25-year amortization.

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]]> BWE Arranges Acquisition Financing for 142-Unit Seniors Housing Community in Metro Charleston https://rebusinessonline.com/bwe-arranges-acquisition-financing-for-142-unit-seniors-housing-community-in-metro-charleston/ Fri, 13 Mar 2026 13:11:15 +0000 https://rebusinessonline.com/?p=452331 SUMMERVILLE, S.C. — BWE has arranged an undisclosed amount of acquisition financing for The Claiborne at Brickyard Crossing, a 142-unit seniors housing community located in the Charleston suburb of Summerville. Taylor Mokris and Ryan Stoll of BWE arranged the loan through an unnamed national bank on behalf of the borrower, Chicago-based GEM Realty Capital. Opened in 2022, The Claiborne at Brickyard Crossing is an independent living, assisted living and memory care community. The complex includes salon services and social spaces, restaurant-style dining and wellness and fitness amenities, along with a heated, zero-depth swimming pool, golf simulator, covered parking garage and a fitness and yoga studio.

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]]> Partnership Acquires Victoria Gardens Open-Air Mall in Inland Empire for $530M, Plans $50M Renovation https://rebusinessonline.com/partnership-acquires-victoria-gardens-open-air-mall-in-inland-empire-for-530m-plans-50m-renovation/ Fri, 13 Mar 2026 11:45:00 +0000 https://rebusinessonline.com/?p=452366 RANCHO CUCAMONGA, CALIF. — Southern California-based firms Redwood West and Panattoni, in partnership with Prime Finance and Prism Places, have acquired Victoria Gardens, a 1.2 million-square-foot lifestyle retail center located in the Inland Empire city of Rancho Cucamonga. New York City-based Brookfield Properties, a subsidiary of Brookfield Corp. (NYSE: BN), sold the open-air mall for $530 million. Ares Real Estate (NYSE: ARES) provided debt financing for the transaction. “We see tremendous opportunity with Victoria Gardens,” says John Pomer, co-founder and managing partner at Redwood West, “It is a one-of-a-kind, highly productive asset with deep roots in the region.” Built in 2004, Victoria Gardens is one of the largest regional malls in Southern California, with more than 30 buildings on 12 blocks, as reported by the Los Angeles Times. Victoria Gardens was 98 percent leased at the time of sale and attracts more than 14 million visitors a year, according to Redwood West. The center is home to 160 specialty retailers and restaurants including Apple, lululemon, Chanel, Gorjana, Sephora, Nike, Zara, AMC Theatres, Shake Shack, Tecovas, The Cheesecake Factory, Warby Parker, Fleming’s Steakhouse, Sweetgreen and Macy’s. In addition to retail and dining, Victoria Gardens features a cultural center, public library, performance venue, multiple…

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]]> BridgeInvest Provides $57M Construction Loan for Frisco Multifamily Project https://rebusinessonline.com/bridgeinvest-provides-57m-construction-loan-for-frisco-multifamily-project/ Thu, 12 Mar 2026 14:06:28 +0000 https://rebusinessonline.com/?p=452279 FRISCO, TEXAS — Miami-based lender BridgeInvest has provided a $57 million construction loan for Freemont Frisco Apartments, a 313-unit multifamily project that will be located on the northern outskirts of Dallas. Freemont Frisco will offer studio, one-, two- and three-bedroom units and will include an affordable housing component. Amenities will include a pool, clubhouse, fitness center and multiple courtyards. The sponsor is a partnership between Stryker Properties and Griffon Capital Management, and 25 Capital Partners is also a preferred equity investor in Frisco Freemont. BBL Building Co. is the general contractor for the project, construction of which is scheduled to be complete in mid-2028. Dallas-based Humphreys & Partners Architects is the project architect.

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]]> IPA Capital Markets Arranges $44M in Financing for Two Apartment Properties in Los Angeles https://rebusinessonline.com/ipa-capital-markets-arranges-44m-in-financing-for-two-apartment-properties-in-los-angeles/ Thu, 12 Mar 2026 13:36:21 +0000 https://rebusinessonline.com/?p=452224 LOS ANGELES — IPA Capital Markets, a division of Marcus & Millichap, has arranged $44 million in financing for two multifamily communities in Los Angeles. Moderno Axis, located at 7650 Van Nuys Blvd. in the city’s Van Nuys neighborhood, received $28.3 million in financing. Moderno La Granada Hills, at 17454 Chatsworth St. in the Granada Hills neighborhood, received $15.7 million in financing. Anita Paryani-Rice of IPA Capital Markets secured the financing with a national bank on behalf of the private client. The five-year, fixed-rate, nonrecourse loans were structured with full-term interest-only payments, step-down prepay and no lender origination fees. Situated next to Van Nuys MetroLink and Amtrak Station, Moderno Axis offers 126 studio, one- and two-bedroom units. Community amenities include in-unit laundry, a fitness center, swimming pool, hot tub, bike storage, fire pits, a barbecue area, dog park and an onsite pet grooming spa. Located near California State University Northridge, Moderno La Granada Hills features 54 studio, one- and two-bedroom apartments with in-unit laundry and central air and heating. Onsite community amenities include a fitness center, pool with hot tub and sundeck, a dog park and onsite pet grooming, recreation room with media and gaming, a media theater, fire pit…

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]]> Waterfall Provides $127M Loan for Refinancing of Metro Philadelphia Office Campus https://rebusinessonline.com/waterfall-provides-127m-loan-for-refinancing-of-metro-philadelphia-office-campus/ Thu, 12 Mar 2026 13:34:38 +0000 https://rebusinessonline.com/?p=452265 KING OF PRUSSIA, PA. — Waterfall Asset Management, a New York City-based lender, has provided a $127 million loan for the refinancing of Chesterbrook, a 1.1 million-square-foot office campus located northwest of Philadelphia in King of Prussia. The borrower, Rubenstein Partners, purchased the 14-building campus in 2019 and has subsequently invested $50 million in capital improvements. Those improvements included the creation of The Circuit, an amenity center with a food hall, outdoor gathering spaces, meeting rooms, a fitness center and a 20,000-square-foot coworking suite. Shawn Rosenthal, Jason Gaccione, Jake Salkovitz, Justin Helbling, Doug Rodio, Jerry Kranzel and Bruer Kershner of CBRE arranged the loan.

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]]> Gantry Secures $25.5M Refinancing for Logistics Facility in Riverside, Missouri https://rebusinessonline.com/gantry-secures-25-5m-refinancing-for-logistics-facility-in-riverside-missouri/ Thu, 12 Mar 2026 13:29:26 +0000 https://rebusinessonline.com/?p=452259 RIVERSIDE, MO. — Gantry has secured a $25.5 million permanent loan to retire maturing construction debt from the development of Riverside Logistics Centre II, a 328,000-square-foot, multi-tenant logistics facility in the northwest Kansas City suburb of Riverside. The building features a clear height of 36 feet, 36 overhead dock doors, four drive-in doors and parking for 88 trailers. Mark Reichter and Alec Frook of Gantry represented the borrower, a private real estate investor. A life insurance company provided the nonrecourse loan, which features a seven-year term, fixed interest rate and 27-year amortization.

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]]> Ariel Property Advisors Arranges $12M Loan for Refinancing of Queens Multifamily Portfolio https://rebusinessonline.com/ariel-property-advisors-arranges-12m-loan-for-refinancing-of-queens-multifamily-portfolio/ Thu, 12 Mar 2026 13:18:48 +0000 https://rebusinessonline.com/?p=452238 NEW YORK CITY — Ariel Property Advisors has arranged a $12 million loan for the refinancing of a portfolio of three multifamily buildings totaling 60 units in Queens. The addresses of the buildings, which are located in the borough’s Sunnyside neighborhood, were not disclosed. Matthew Dzbanek and Matt Swerdlow of Ariel arranged the five-year loan, which was structured with at 65 percent loan-to-value ratio and two years of interest-only payments. The undisclosed borrower will use a portion of the proceeds to complete renovations that are already underway.

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]]> Newmark Arranges $145M Loan for Refinancing of Philadelphia Apartment Building https://rebusinessonline.com/newmark-arranges-145m-loan-for-refinancing-of-philadelphia-apartment-building/ Wed, 11 Mar 2026 13:56:44 +0000 https://rebusinessonline.com/?p=452155 PHILADELPHIA — Newmark has arranged a $145 million loan for the refinancing of Josephine, a 255-unit apartment building in Philadelphia. The 27-story building is located at 1620 Sansom St. within the Center City District and includes more than 20,000 square feet of retail and restaurant space across two floors. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a pool with a bar and lounge area, rooftop terrace, club lounge with games and a demonstration kitchen, a fitness center, spa areas, coworking lounge, coffee bar and outdoor grilling and dining stations. Jordan Roeschlaub, Nick Scribani and Samuel Speciale of Newmark arranged the loan on behalf of the owner, Nashville-based developer Southern Land Co.

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]]> JLL Arranges $25.2M Refinancing for Boutique Apartment Building in Chicago https://rebusinessonline.com/jll-arranges-25-2m-refinancing-for-boutique-apartment-building-in-chicago/ Wed, 11 Mar 2026 13:39:37 +0000 https://rebusinessonline.com/?p=452152 CHICAGO — JLL Capital Markets has arranged a $25.2 million loan for the refinancing of Chateau on Wells, a 43-unit luxury apartment building in downtown Chicago. The boutique property, built in 2016, features one retail suite and is located at 707 N. Wells St. in the heart of the River North entertainment district. Current occupancy is 95 percent. Units average 1,059 square feet and monthly rents average $4,091. Jesse Wright, Joshua Odessky, Sam Tarter, Miguel Pedersen and Ben Banzhof of JLL represented the borrower, Akara Partners, in arranging the three-year, floating-rate loan through D2 Residential.

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]]> JLL Provides $125.5M Agency Loan for Refinancing of Brooklyn Apartment Building https://rebusinessonline.com/jll-provides-125-5m-agency-loan-for-refinancing-of-brooklyn-apartment-building/ Wed, 11 Mar 2026 13:39:09 +0000 https://rebusinessonline.com/?p=452149 NEW YORK CITY — JLL has provided a $125.5 million Freddie Mac loan for the refinancing of Union Channel, a 224-unit apartment building located in the Gowanus area of Brooklyn. Designed by Fogarty Finger Architecture, the building is the first of four within the Gowanus Wharf development and also houses 22,226 square feet of retail space. Units come in studio, one-, two- and three-bedroom floor plans, with 25 percent of residences reserved as affordable housing. Amenities include a rooftop pool and sundeck, fitness center with a yoga studio and a coworking lounge. Christopher Peck, Peter Rotchford, Nicco Lupo and Michael Shmuely of JLL originated the seven-year, fixed-rate loan on behalf of the borrower, a partnership between Charney Cos., Tavros and Canyon Partners Real Estate.

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]]> Partnership Receives $48M Loan for Refinancing of Tri-State Seniors Housing Communities https://rebusinessonline.com/partnership-receives-48m-loan-for-refinancing-of-tri-state-seniors-housing-communities/ Wed, 11 Mar 2026 13:33:55 +0000 https://rebusinessonline.com/?p=452142 NEW CITY, N.Y. AND WASHINGTON TOWNSHIP, N.J. — A partnership between Bain Capital Real Estate and Capitol Seniors Housing has received a $48 million loan for the refinancing of two seniors housing communities in the Tri-State area. The communities include The Chelsea at New City, located about 40 miles north of New York City, and The Chelsea at Washington Township, about 75 miles west of New York City. The properties were built in 2021 and 2023, respectively, and both offer memory care and assisted living services, as well as various onsite amenities. JLL arranged the three-year, floating-rate loan through an undisclosed regional bank on behalf of the partnership.

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