Loans Archives - REBusinessOnline

Kennedy Wilson Acquires The Fletcher Southlands Apartments in Aurora, Colorado for $94.8M

Amy Works — Mon, 26 Jan 2026 14:30:45 +0000

AURORA, COLO. — Kennedy Wilson (NYSE: KW) has acquired The Fletcher Southlands in Aurora’s Southlands submarket for approximately $94.8 million from CBRE Global Investors. JLL Capital Markets has arranged a $61.8 million Freddie Mac acquisition loan for Kennedy Wilson. Brandon Smith, Annie Rice, Mark Wintner and Tony Nargi led the JLL team. The Fletcher Southlands, located at 22959 E. Smoky Hill Road, was built in 2001 on a 23-acre site and features one- to four-bedroom units and amenities that include a pool and hot tub, fitness and business centers, a gaming area, covered parking, a dog park, package lockers, grills, valet trash services, a complimentary coffee bar and free Wi-Fi in common areas.

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Berkadia Arranges $33.8M Refinancing for Seniors Housing Community in Bozeman, Montana

Amy Works — Mon, 26 Jan 2026 14:26:24 +0000

BOZEMAN, MONT. — Berkadia has arranged $33.8 million in refinancing for Bozeman Lodge, an independent and assisted living community located in Bozeman. Oregon-based Radiant Senior Living is the borrower. Ed Williams, Steve Muth, Austin Sacco, Garrett Sacco and Alec Rosenfeld of Berkadia secured the financing from a debt fund on behalf of Radiant. The 2.5-year loan features interest-only payments for the full term. The transaction marks the debt fund lender’s first loan within the seniors housing sector.

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NewMark Merrill Receives $36M Loan for Refinancing of Shopping Center in Melrose Park, Illinois

Kristin Harlow — Mon, 26 Jan 2026 14:02:00 +0000

MELROSE PARK, ILL. — NewMark Merrill has received a $36 million loan for the refinancing of Winston Plaza, a shopping center in Melrose Park. NewMark Merrill acquired the property in 2008 and completed an extensive remodeling and repositioning. Since the end of COVID, the center has received more than 100,000 square feet of new merchants, including a Cermak grocery store, Ross Dress for Less, Burlington, JD Sports, Sistar Beauty and an expanded Five Below store. Kostas Kavayiotidis of Pacific Southwest Realty and Bryan Gortikov of Gortikov Capital arranged the refinancing loan with Wells Fargo for long-term debt from Mutual of Omaha. Sandra Kist and Josh Ginsborg represented NewMark Merrill on an internal basis.

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Newmark Arranges $218M in Financing for Office-to-Residential Conversion Project in Manhattan

Taylor Williams — Mon, 26 Jan 2026 12:59:00 +0000

NEW YORK CITY — Newmark has arranged $218 million in financing for the acquisition and office-to-residential conversion of 101 Greenwich Street in downtown Manhattan. Apollo Global Management provided the funds to the borrower, a partnership between Quantum Pacific and MetroLoft Developers. According to the property website, 101 Greenwich Street was originally constructed in the early 20th century and spans 480,000 rentable square feet. Neither a timeline for construction nor information on residential floor plans or amenities was announced, but the New York Business Journal reports that the new complex will have 614 units. Jordan Roeschlaub, Christopher Kramer and Holden Witkoff led the debt placement efforts for Newmark on behalf of ownership. Adam Spies and Adam Doneger, also with Newmark, represented the seller, institutional investment firm BentallGreenOak, in the $105 million sale of the property. According to the deal team, 101 Greenwich Street is a viable office building for residential conversion due to certain design features, such as U-shaped floor plates, extensive window lines, strong natural light and above-average ceiling heights. — Taylor Williams

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Largo Capital Arranges $13.2M Loan for Refinancing of Houston Hotel

Taylor Williams — Fri, 23 Jan 2026 16:31:30 +0000

HOUSTON — Largo Capital, a financial intermediary based in upstate New York, has arranged a $13.2 million loan for the refinancing of a 125-room hotel in Houston. The specific name and address of the hotel were not disclosed, but the property is operated under the Homewood Suites by Hilton brand. The undisclosed borrower will use a portion of the proceeds to fund capital improvements. Ben Blanton and Max Downing led the transaction for Largo Capital.

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CBRE Arranges $58M Loan for Refinancing of Office Complex in Short Hills, New Jersey

Taylor Williams — Fri, 23 Jan 2026 15:57:45 +0000

SHORT HILLS, N.J. — CBRE has arranged a $58 million loan for the refinancing of a two-building, 320,000-square-foot office complex in Short Hills, about 25 miles west of New York City. The property, which was 95 percent leased at the time of sale, offers amenities such as a fitness center with a yoga and meditation room, cafeteria and shuttle service to nearby public transit lines. Brad Zampa and Mike Walker of CBRE arranged the five-year, floating-rate loan on behalf of the owner, Columbia Pacific Advisors. An undisclosed, East Coast-based institutional real estate lender provided the funds.

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Mesa West Capital Originates $201.5M Loan Package for mResidences Portfolio Acquisition

Amy Works — Fri, 23 Jan 2026 14:47:29 +0000

LOS ANGELES — Mesa West Capital has provided a joint venture between Interstate Equities Corp. and PGIM with a $201.5 million loan package for the previously announced acquisition of the mResidences Portfolio. The four properties, located in Mountain View, Redwood City and Sunnyvale, Calif., and Seattle, offer a total of 564 units. Eastdil Secured arranged the financing.

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Walker & Dunlop Arranges $96.7M Refinancing for Three Multifamily Communities in Louisville

Abby Cox — Fri, 23 Jan 2026 14:39:05 +0000

LOUISVILLE, KY. — Walker & Dunlop has arranged a $96.7 million loan for the recapitalization of three newly constructed multifamily communities totaling 640 units in Louisville. The multifamily portfolio includes Belmond Flats (240 units), Cedar Creek Flats (168 units) and Glengrove Apartments (232 units). Jonathan Zilber, Joel Chetner and Josh Geller of Walker & Dunlop secured three floating-rate, interest-only loans through an institutional lender on behalf of the borrower, Highgates Group. Proceeds will be used to repay existing debt, fund closing costs and return capital to investors.

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Patmos Receives $100M C-PACE Loan for Redevelopment of Kansas City Star Building into Data Center

Kristin Harlow — Fri, 23 Jan 2026 14:31:37 +0000

KANSAS CITY, MO. — Patmos Holdings Inc., a provider of internet infrastructure, data center and hosting services, has received a $100 million C-PACE (Commercial Property Assessed Clean Energy) loan from PACE Loan Group for the ongoing redevelopment of the former Kansas City Star building into a data center and artificial intelligence (AI) campus. When the next phase of infrastructure upgrades is complete this spring, the 421,112-square-foot, four-story Patmos AI Campus will feature 35 megawatts of power. The C-PACE loan will fund energy-efficient infrastructure improvements. Patmos initially started construction in late 2024. Since then, two publicly traded tenants have inked multi-year leases with Patmos. Located at 1601 McGee St. in downtown Kansas City on the site that had been previously declined by the Kansas City Royals for its new stadium, the 5-acre campus is part of a significant retrofit project. In addition to creating AI data halls, Patmos will also convert nearly 150,000 square feet of the building into a multi-tenant technology hub, coworking and event space. The C-PACE proceeds will be used for energy efficiency, equipment, HVAC and plumbing improvements to support the data center’s cooling and electrical load. The project is slated for completion in March. Rafi Golberstein of…

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MONTICELLOAM Provides $60M in Bridge Financing for Illinois Skilled Nursing Portfolio

Kristin Harlow — Fri, 23 Jan 2026 14:29:56 +0000

ILLINOIS — MONTICELLOAM LLC, a specialized seniors housing and multifamily bridge lending platform, has provided $60 million in bridge financing for a five-property skilled nursing portfolio in Illinois. Karina Davydov of MONTICELLOAM originated the loan on behalf of the borrower, which operates more than a dozen skilled nursing facilities in Illinois. The borrower will use the loan proceeds to acquire the portfolio of more than 620 licensed beds.

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MMCC Arranges $7.6M in Financing for Retail Center in Suburban Indianapolis

Kristin Harlow — Fri, 23 Jan 2026 14:28:16 +0000

FRANKLIN, IND. — Marcus & Millichap Capital Corp. (MMCC) has arranged $7.6 million in financing for Franklin Commons, an 85,980-square-foot retail center at 1010 N. Morton St. in Franklin, about 20 miles south of Indianapolis. Garrett Fierstein of MMCC secured the financing with a local bank on behalf of the borrower. The five-year loan features a 6.5 percent interest rate, 25-year amortization period and a 70 percent loan-to-value ratio. Anchored by Kroger, the property is also home to Marshalls, Ross Dress for Less, PetSmart and Five Below.

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Walker & Dunlop Arranges $250M in Financing for Newark Multifamily Project

Taylor Williams — Thu, 22 Jan 2026 14:43:02 +0000

NEWARK, N.J. — Walker & Dunlop has arranged $250 million in financing for 22 Fulton, a 396-unit multifamily project in the Military Park neighborhood of Newark. The financing includes nearly $119 million from the Urban Investment Group at Goldman Sachs Alternatives across a construction loan, 4 percent Low-Income Housing Tax Credit (LIHTC) equity and a LIHTC bridge loan. The package also includes a $20 million preferred equity investment from an unnamed institutional capital provider and a $100 million forward commitment for a permanent loan by Barings. Barings has also committed additional funds to the project via the purchase of tax credits from the New Jersey Economic Development Authority’s Aspire program, which supports transit-oriented development. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella, Michael Ianno and Jackson Irwin of Walker & Dunlop arranged the financing on behalf of the borrower, a partnership between SK Development and the Berger Organization. The 21-story building will house 315 market-rate apartments and 80 affordable housing units that will be reserved for renters earning 60 percent or less of the area median income, as well as one staff residence and 4,700 square feet of retail space. Units will come in one- and two-bedroom floor…

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Lument Provides $21.5M Refinancing for Seniors Housing Community in Metro Seattle

Amy Works — Thu, 22 Jan 2026 14:25:02 +0000

FEDERAL WAY, WASH. — Lument has provided a $21.5 million loan for the refinancing of a seniors housing community located in Federal Way, roughly 25 miles south of Seattle. Village Green of Federal Way totals 170 units, with 136 assisted living units and 34 independent living cottages. Casey Moore of Lument arranged the HUD/FHA Section 232/223(f) loan on behalf of the borrower, a family-owned company. The loan features a fixed interest rate and 35-year term.

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PSRS Arranges $9.2M Refinancing for Historic Office Property in Santa Barbara, California

Amy Works — Thu, 22 Jan 2026 14:20:03 +0000

SANTA BARBARA, CALIF. — PSRS has arranged $9.2 million in refinancing for The Julia, a historic office building located at 924 Anacapa St. in Santa Barbara. Designed by famed architect Julia Morgan in 1926 initially as a women’s hotel, the 40,000-square-foot property was converted to office use in the 1970s. Seth Ludwick and Thomas Rudinsky of PSRS secured the loan, which features a 25-year amortizing term with rate resets every five years, through one of PSRS’ correspondent life insurance companies.

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Lynd Group Receives $66M Refinancing for Multifamily Property in Willow Springs, Illinois

Kristin Harlow — Thu, 22 Jan 2026 14:17:05 +0000

WILLOW SPRINGS, ILL. — The Lynd Group has received $66 million in refinancing for Willow Glen, a 224-unit multifamily community in Willow Springs developed by Lynd Development in partnership with West Point Builders in 2023. The refinancing repays the project’s construction loan and replaces it with a new financing package consisting of a $58 million CMBS senior loan originated by Barclays and an $8 million mezzanine loan provided by Ghisallo Capital, which retired the project’s government-backed bonds and simplified the capital stack. Willow Glen consists of 188 apartment units and 36 three-story townhomes. Amenities include a clubhouse, fitness center, pool, courtyard terrace, fireside lounge, game room, pet park and outdoor gathering spaces.

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Lument Provides $53.1M Loan for Refinancing of Luxury Apartment Community in Columbus

Kristin Harlow — Thu, 22 Jan 2026 14:16:01 +0000

COLUMBUS, OHIO — Lument has provided a $53.1 million balance sheet loan for the refinancing and lease-up of South Bank at Quarry Trails, a 266-unit luxury apartment community built in 2025 in Columbus. Ryan Duling of Lument led the transaction on behalf of the borrower, Columbus-based Thrive Cos. The loan refinances existing construction debt, funds reserve accounts and supports the lease-up of the mid-rise property. The loan features an adjustable interest rate and interest-only payments for the two-year term. South Bank at Quarry Trails is part of a master-planned development in the Upper Arlington submarket of Columbus. Amenities include a clubhouse, saunas, outdoor pool and the Quarry Trails Metropark. Twenty percent of the units are designated as affordable housing.

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CPC Provides $7.5M Construction Loan for Multifamily Project in Hicksville, New York

Taylor Williams — Thu, 22 Jan 2026 14:08:01 +0000

HICKSVILLE, N.Y. — The Community Preservation Corp. (CPC), a nonprofit, multifamily finance company, has provided a $7.5 million construction loan for a 20-unit project in Hicksville, located on Long Island. The building will be located at 33-37 Cherry St. in the downtown area, just three blocks from the LIRR Hicksville Station, where a $300 million modernization is nearing completion. The building, which is slated for a spring 2027 delivery, will include three permanently affordable units and offer amenities such as a fitness center and a coworking lounge. The borrower is an entity doing business as Premerio Cherry LLC.

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Petros, Lone Star Provide $3.6M in C-PACE Financing for Denton Industrial Project

Taylor Williams — Wed, 21 Jan 2026 16:01:14 +0000

DENTON, TEXAS — Petros PACE Finance and Lone Star PACE have provided $3.6 million in C-PACE financing for a six-building, 107,000-square-foot industrial project in the North Texas city of Denton. The undisclosed sponsor will use the financing to fund the installation of an energy-efficient building envelope and lighting systems. These measures are projected to reduce the building’s energy usage by 37 percent annually.

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AANDAR Arranges $145.3M Refinancing of Apartment Building in New Rochelle, New York

Taylor Williams — Wed, 21 Jan 2026 15:25:06 +0000

NEW ROCHELLE, N.Y. — AANDAR Real Estate Capital, a boutique capital advisory firm based in New Jersey, has arranged the $145.3 million refinancing of The Alary, a 315-unit apartment building in New Rochelle, located north of New York City. The financing consists of a $125.8 million senior bridge loan from Greystone and a $19.5 million preferred equity investment from Forum Investment Group. Developed by Allstate Ventures and completed last year, The Alary offers studio, one- and two-bedroom units. Indoor amenities include a fitness center, coworking spaces with private pods and conference rooms, a game room with a wet bar, sports simulator, children’s playroom and a sky lounge with a full-service bar. Outside, residents have access to a rooftop area with a pool, outdoor cinema, barbecue kitchens, fire pits and a dog park. Shaya Sonnenschein and Michael Weisz led the transaction for AANDAR.

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Hilco Provides $47.5M Construction Loan for Mixed-Use Development in Chattanooga

John Nelson — Wed, 21 Jan 2026 15:04:26 +0000

CHATTANOOGA, TENN. — Hilco Global Real Estate Capital has provided a $47.5 million loan to Urban Story Ventures to support the recapitalization and continued development of The Bend, a 100-acre mixed-use development underway in Chattanooga. Plans for the project, which will feature more than 3,000 linear feet of frontage along a bend of the Tennessee River, include approximately 1,700 residential units; 1.1 million square feet of office space; 1.2 million square feet of dining, shops and service retailers; 600 hotel rooms; entertainment and cultural venues; and a 300-slip marina. The Bend will be supported by public infrastructure investment through a public-private partnership structure between Urban Story Ventures and The City of Chattanooga. Jimmy White, president of Urban Story Ventures, says that the development has nearly $1 billion in potential investments in the works. The construction timeline for the project was not released.

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