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Northmarq Arranges $35M in Acquisition Financing for Long Island Industrial Portfolio

Taylor Williams — Fri, 17 Jul 2026 14:05:42 +0000

FARMINGDALE, HICKSVILLE AND OCEANSIDE, N.Y. — Northmarq has arranged $35 million in acquisition financing for a portfolio of five small-bay industrial properties totaling 275,891 square feet on Long Island. Three of the properties are located in Farmingdale, and the other two are located in Hicksville and Oceanside. The portfolio, which spans 13.9 acres and houses 40 suites, has maintained an average occupancy rate of 95 percent over the past five years. Ernest DesRochers and Charles Cotsalas of Northmarq arranged the seven-year loan through an undisclosed life insurance company. The borrower was also not disclosed.

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Cushman & Wakefield Arranges $56.6M Refinancing of Luxury Multifamily Community in D.C.

Abby Cox — Fri, 17 Jul 2026 13:25:36 +0000

WASHINGTON, D.C. — Cushman & Wakefield has arranged a $56.6 million loan to refinance The Ellington, a 190-unit luxury multifamily property located at 1301 U St. in Washington, D.C. John Alascio, Alex Hernandez, Marshall Scallan, Meredith Crawford and Will Wohlgemuth of Cushman & Wakefield secured the financing through New York Life Investors on behalf of the borrower, an affiliate of Atlanta-based Jamestown LP. Spanning nine stories tall, The Ellington comprises a mix of one- and two-bedroom apartments. Amenities include a fitness center, yoga studio, recreation room, coworking lounge, rooftop dog park, pet wash station, landscaped rooftop terrace and bike storage, along with 192 parking spaces. The site also includes more than 16,000 square feet of retail space, which is currently 93 percent leased to tenants including Street Markets, Roaming Rooster, 354 Restaurant and Eatopia Eatery. Since acquiring the property in 2018, Jamestown has invested more than $10.7 million in capital improvements, including upgrades to unit interiors, common areas and building systems.

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NewPoint Provides $34.6M Loan for Hotel-to-Multifamily Conversion Project in Arlington, Virginia

Abby Cox — Fri, 17 Jul 2026 13:24:27 +0000

ARLINGTON, VA. — NewPoint has provided a $34.6 million bridge loan for the acquisition and planned multifamily conversion of the Clarion Collection Arlington Court Suites, a 187-room, extended-stay hotel located in Arlington’s Rosslyn-Ballston corridor. Jacob Gabriel of NewPoint originated the financing on behalf of the borrower, Goodhomes Communities LLC. The bridge loan, which was used to finance the purchase of the hospitality property, includes future funding for capital improvements and is structured to support the borrower’s business plan to convert the asset into a multifamily community. Upon completion of the conversion, the property will offer a mix of studio, one-, two- and three-bedroom apartments. Goodhomes Communities LLC will announce the property’s new name at a later date. Clarion Collection Hotel Arlington Court Suites first opened as an apartment building in 1963.

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TSB Capital Advisors Arranges Loan for Refinancing of 530-Bed Community Near Arizona State University

Amy Works — Fri, 17 Jul 2026 13:17:54 +0000

TEMPE, ARIZ. — TSB Capital Advisors has arranged a loan of an undisclosed amount for the refinancing of Atmosphere Tempe, a 530-bed student housing community located near the Arizona State University campus in Tempe. The floating-rate bridge loan was secured on behalf of the borrowers, Trinitas and Harrison Street Asset Management, through PGIM. Delivered in 2021, the high-rise building offers 252 units with bed-to-bath parity. Shared amenities include a rooftop pool and hot tub, resort-style sundeck with lounge seating, grilling stations, “state-of-the-art” fitness center, private study lounges, computer lounge and a coffee bar.

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Partnership to Develop Chicago’s First Geothermal-Powered Multifamily Community

Abby Cox — Fri, 17 Jul 2026 11:45:00 +0000

CHICAGO — Tree Street Group, along with Magellan Development Group and Mark Goodman & Associates, will co-develop the first geothermal-powered, all-electric multifamily high-rise in Chicago. The 33-story building, 410 North Elizabeth, will be the first phase of a two-tower, mixed-use development in the city’s Fulton Market District. Bank OZK, the senior lender on the project, provided a $102 million construction loan for the development, according to various media sources. Beach Point Capital and Circle Property Partners were the junior lenders. “Closing on financing for 410 North Elizabeth is a significant milestone for our team, one that dares to achieve what no one else has attempted — Chicago’s first geothermal multifamily high-rise,” says Ted Weldon, principal of Tree Street Group. “Our ability to move forward on this project underscores the faith of the many parties involved that Chicago is a national leader in sustainable development and a premier market for institutional investment.” The geothermal system, along with other key design features, has the potential to reduce energy usage by an estimated 60 percent. As a result of lower energy use, the building is projected to reduce emissions by 30 percent and energy cost savings by more than 25 percent. According to the U.S.…

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Marcus & Millichap Brokers Sale of 250-Room Hotel in East Syracuse

Taylor Williams — Thu, 16 Jul 2026 14:51:07 +0000

EAST SYRACUSE, N.Y. — Marcus & Millichap has brokered the sale of a 250-room hotel in East Syracuse. Opened in 1977 and renovated in 2016, the DoubleTree Syracuse is located in the Carrier Circle area and comprises a central building that houses public spaces in addition to four-story and seven-story guestroom wings. Amenities include a tavern and bar, a business center, indoor pool, fitness center and approximately 17,000 square feet of meeting and event space. Andy Kern, Jerry Swon and David Altobello of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction. John Horowitz of Marcus & Millichap assisted in closing the deal as the broker of record.

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Cushman & Wakefield Arranges $95.7M in Financing for Metro Houston, Dallas Affordable Housing Portfolio

Taylor Williams — Wed, 15 Jul 2026 15:10:06 +0000

HUMBLE AND ROWLETT, TEXAS — Cushman & Wakefield has arranged $95.7 million in financing for a portfolio of two affordable housing properties totaling 626 units. Grove East is a 324-unit, garden-style property located in the northern Houston suburb of Humble, and Rowlett Station is a 302-unit midrise building located northeast of Dallas. Both properties were built in 2021 and are subject to Housing Finance Corp. (HFC) income restrictions. The financing consists of $76.2 million in senior debt provided by Benefit Street Partners and a $19.5 million mezzanine loan funded by CCL Capital. Chase Johnson and Caleb Riebe led the Cushman & Wakefield team that arranged the debt on behalf of the owner, Salt Lake City-based investment firm Sundance Bay.

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Pinecroft Realty Refinances Two Metro Houston Medical Office Buildings Totaling 70,000 SF

Taylor Williams — Wed, 15 Jul 2026 14:59:47 +0000

SHENANDOAH AND RICHMOND, TEXAS — Pinecroft Realty has refinanced two medical office buildings totaling approximately 70,000 square feet in metro Houston. The loan amount(s) was not disclosed. The buildings include the 57,000-square-foot Vision Park Medical Office Building in Shenandoah, located north of Houston, and the 13,000-square-foot Memorial Hermann Surgery Center of Richmond, located southwest of Houston. Noth Carolina-based Live Oak Bank provided the loan(s).

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JLL Arranges $76.8M Construction Loan for Multifamily Development in Jacksonville Beach

John Nelson — Wed, 15 Jul 2026 14:27:23 +0000

JACKSONVILLE BEACH, FLA. — JLL has arranged a $76.8 million construction loan for a 415-unit multifamily development in Jacksonville Beach. Mark West led the JLL team in arranging the four-year, floating-rate loan through Ameris Bank on behalf of the borrower, Trevato Development Group. Located along Beach Boulevard, the community will feature a mix of one-, two- and three-bedroom apartments averaging 989 square feet in size, as well as 1,800 square feet of retail space. Amenities will include multiple courtyards, a pool complex with cabanas and a sun shelf, fitness centers, coworking spaces, outdoor summer kitchens, bocce ball courts, hammock islands and a dog park with a washing station. Trevato broke ground on the property on July 1 and plans to deliver the first units by fourth-quarter 2028.

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Gantry Arranges $11.5M Loan for Refinancing of Long Island Self-Storage Facility

Taylor Williams — Wed, 15 Jul 2026 13:51:54 +0000

ISLAND PARK, N.Y. — San Francisco-based intermediary Gantry has arranged an $11.5 million loan for the refinancing of a 740-unit self-storage facility located in the Long Island township of Island Park. Public Storage operates the three-story, climate-controlled facility. Robert Slatt and Alex Poulos of Gantry arranged the nonrecourse loan, which was structured with a five-year term and a fixed interest rate, loan through an unspecified, correspondent life insurance company. The borrower was also not disclosed.

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Northmarq Arranges Refinancing of 199-Unit Apartment Complex in Corpus Christi

Taylor Williams — Tue, 14 Jul 2026 15:20:03 +0000

CORPUS CHRISTI, TEXAS — Northmarq has arranged a loan of an undisclosed amount for the refinancing of the 199-unit Wood River Apartments in Corpus Christi. Built in 1983, Wood River Apartments offers one-, two- and three-bedroom units across 17 two-story buildings, as well as a pool and pet facilities. Cheryl Higley and Ryan Shoars led the Northmarq team that arranged the nonrecourse loan, which carried a five-year term and a fixed interest rate. The direct lender and borrower were not disclosed.

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JLL Secures $332M Refinancing for Luxury Multifamily Tower in Chicago

Kristin Harlow — Tue, 14 Jul 2026 14:01:45 +0000

CHICAGO — JLL Capital Markets has secured a $275 million refinancing and a $57 million mezzanine financing for NEMA Chicago, a luxury multifamily tower. Standing 76 stories and 893 feet tall, the property is Chicago’s tallest rental tower, according to JLL. Located at 1210 S. Indiana Ave. along Grant Park, NEMA Chicago includes 800 units. Architect Rafael Viñoly designed the property, which was completed in 2019. David Rockwell designed the interiors. NEMA Chicago features 70,000 square feet of amenity spaces, including indoor and outdoor pools, a full-size basketball court, squash court, boxing ring, golf simulator, movie theater and spa services. The building features 764 Signature Residences and 126 exclusive Skyline Collection units on the upper floors, which comprise private lobbies, dedicated concierge teams, 10-foot ceilings and access to the Vista Lounge and Skyline Terrace. Danny Kaufman, Medina Spiodic and Youngsoo Yang of JLL represented the borrower, Crescent Heights, in facilitating the five-year, fixed-rate loan through New York Life Insurance Co. JLL also arranged the mezzanine loan through PGIM’s real estate business.

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Concord Summit Capital Arranges $115.5M Construction Loan for Multifamily Development in Fort Collins, Colorado

Amy Works — Mon, 13 Jul 2026 14:10:17 +0000

FORT COLLINS, COLO. — Concord Summit Capital has arranged a $115.5 million construction loan for Collins at Union Park, an apartment community in northern Colorado. Daniel Eidson, Keegan Burger and Ben Applebaum of Concord Summit Capital secured the nonrecourse loan, which features an 88 percent loan-to-cost ratio, on behalf of the borrower, Livmark Communities. Sitework is currently underway on the project, with vertical construction slated to start in the coming days. Collins at Union Park will feature 457 apartments and carriage homes, as well as a clubhouse, pool, golf simulator, playground, parks, trails and gathering spaces.

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Alterra IOS Receives Two Loans Totaling $400M for Refinancing of National Portfolio

Taylor Williams — Mon, 13 Jul 2026 11:59:00 +0000

PHILADELPHIA — Alterra IOS, a Philadelphia-based owner-operator of industrial outdoor storage (IOS) properties, has received two loans totaling $400 million for the refinancing of a national portfolio of 99 such properties. Truist Financial Corp. (NYSE: TFC) and KeyBank (NYSE: KEY) provided the debt with commitments of $225 million and $175 million, respectively. Collectively, the portfolio totals 551 usable acres and nearly 2.1 million square feet of accompanying warehouse facilities. Each site is located in a “major” U.S. industrial and logistics corridor in core markets across California, Florida, Georgia, North Carolina and Texas. Specific breakdowns of locations across these states were not disclosed. The financing was executed utilizing an equity pledge framework as opposed to traditional asset-level mortgages. According to Alterra, this structure enables more streamlined, efficient execution and portfolio-level underwriting by allowing the borrower to “reduce legal and administrative burden(s) by eliminating property-level title work across a multi-state portfolio.” “Structures like this are becoming more relevant as institutional capital seeks efficient ways to access fragmented sectors at scale,” says Kate Mooney, senior associate, capital markets at Alterra. “As IOS portfolios have grown and matured, lenders have developed greater comfort underwriting diversified portfolios rather than individual assets. Equity pledge facilities reflect…

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JLL Arranges $111M Construction Loan for Multifamily Development in Miami’s Edgewater District

Abby Cox — Fri, 10 Jul 2026 14:29:54 +0000

MIAMI — JLL Capital Markets has arranged a $111 million construction loan for the development of Sense22, a 328-unit multifamily project located in Miami’s Edgewater neighborhood. Max La Cava and Pier Barinci of JLL secured the three-year loan through S3 Capital on behalf of the borrower, HA Emprendimientos, a real estate development and construction company based in Buenos Aires, Argentina. JLL also previously secured the land and predevelopment loan for the property in 2025. The project is slated for completion in 2028. Sense22 will comprise 36 stories and will offer a mix of studios, one- and two-bedroom apartments. Amenities will include a resort-style swimming pool deck, a furnished rooftop terrace with outdoor grilling areas, spa, a fitness center and coworking spaces, along with 372 parking spaces.

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Berkadia Secures $85.4M Refinancing of Two Metro Orlando Multifamily Communities

Abby Cox — Fri, 10 Jul 2026 14:28:35 +0000

ORLANDO AND DAVENPORT, FLA. — Berkadia has secured a combined $85.4 million for the refinancing of two Orlando-area multifamily communities. Matt Robbins, Mitch Sinberg, Brad Williamson, Scott Wadler and Hugo Hernandez of Berkadia arranged the financing through Walton Street Capital on behalf of the borrower, Boston-based Taurus Investment Holdings. The first property, known as The Summit at MetroWest, is located at 6500 Metrowest Blvd., and features 280 multifamily apartments with a mix of one-, two- and three-bedroom floorplans. Amenities include a swimming pool, game room, sun deck, golf course, a grilling and picnic area and a dog park, according to Apartments.com. The second property, named The Legends at ChampionsGate, is situated at 8101 Champions Circle in Davenport and comprises 252 apartments in one- to four-bedroom configurations. Amenities include a clubhouse, business center, swimming pool, fitness center, playground, sun deck, cabana and grills.

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Four Mile, Midloch Acquire Apartment Community in Louisville for $38.3M

Abby Cox — Fri, 10 Jul 2026 14:27:13 +0000

LOUISVILLE, KY. — A joint venture between Four Mile Capital and Midloch Investment Partners has acquired Frontgate Apartments, a 212-unit complex located in Louisville, for $38.3 million. Four Mile assumed an existing fixed-rate HUD loan on the property valued at approximately $27 million. The seller was not disclosed. Built in 2020, Frontgate Apartments offers a mix of one-, two- and three-bedroom floorplans, with an average size of 1,125 square feet. Amenities include a clubhouse, resort-style swimming pool, 24-hour fitness center and a dedicated dog park and dog spa. Four Mile plans to improve the property by installing washers and dryers in every unit and offering community-wide internet service, as well as improving leasing and overall operations. Four Mile will manage Frontgate through its affiliate Kalos Residential, which also manages the firm’s neighboring community, Avalon Springs.

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MMCC Arranges $25.8M in Financing for Omaha Multifamily Property

Kristin Harlow — Fri, 10 Jul 2026 13:04:05 +0000

OMAHA, NEB. — Marcus & Millichap Capital Corp. (MMCC) has arranged $25.8 million in financing for the Preserve at Evans Place, a 418-unit multifamily property located at 10505 Evans Plaza in Omaha. Robert Bhat of MMCC arranged the two-year, nonrecourse financing on behalf of a private client. The loan, provided by a regional bank, features a 5.8 percent interest rate and an 80 percent loan-to-value ratio. The property was recently renovated and offers a mix of one- and two-bedroom units. Amenities include a clubhouse, fitness center, barbecue area, swimming pool and pet park.

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JLL Arranges $352M Loan for Refinancing of Midtown Manhattan Office Building

Taylor Williams — Thu, 09 Jul 2026 14:56:15 +0000

NEW YORK CITY — JLL has arranged a $352 million loan for the refinancing of 425 Lexington Avenue, a 750,000-square-foot office building in Midtown Manhattan. The 31-story building occupies a full city block between 43rd and 44th streets and was 99 percent leased at the time of the loan closing. Law firm Simpson Thacher & Bartlett is the long-time anchor tenant at the building, which also recently received $35 million in capital improvements, including a new amenity center. Christopher Peck, Drew Isaacson, Christopher Pratt and Jennifer Zelko of JLL arranged the floating-rate loan, which was pre-placed entirely with funds and accounts managed by BlackRock, through Goldman Sachs. The borrower is Vanbarton Group.

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Affinius Capital Provides $188M Loan for Refinancing of Northern New Jersey Apartment Community

Taylor Williams — Thu, 09 Jul 2026 14:52:53 +0000

PARSIPPANY, N.J. — Affinius Capital has provided a $188 million loan for the refinancing of District at 15Fifteen, a 498-unit apartment community located in Northern New Jersey city of Parsippany. District at 15Fifteen comprises three buildings on a 12.7-acre site and includes 58,800 square feet of retail space. Amenities include a fitness/wellness space, coworking and conference areas, lounges, party rooms, courtyards, a pool, roof deck, simulator rooms, dog wash/pet spa areas and a dedicated gym for age-restricted residents. John Alascio, Chuck Kohaut, Meredith Donovan, Niko Nicolaou and Ryan Dowd of Cushman & Wakefield arranged the debt. The borrower, a joint venture between PCCP, Claremont Development, and Stanbery Development Group, will use a portion of the proceeds to complete lease-up and stabilization of the property.

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