Loans Archives - REBusinessOnline https://rebusinessonline.com/category/loans/ Commercial Real Estate from Coast to Coast Thu, 17 Sep 2026 15:03:17 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.4 https://rebusinessonline.com/wp-content/uploads/2020/09/cropped-REBusiness-logo-512px-32x32.png Loans Archives - REBusinessOnline https://rebusinessonline.com/category/loans/ 32 32 BWE Provides $16.8M Agency Loan for Mixed-Income Property in Grapevine, Texas https://rebusinessonline.com/bwe-provides-16-8m-agency-loan-for-mixed-income-property-in-grapevine-texas/ Thu, 17 Sep 2026 14:52:42 +0000 https://rebusinessonline.com/?p=466126 GRAPEVINE, TEXAS — Cleveland-based commercial finance firm BWE has provided a $16.8 million Freddie Mac loan for Cobblestone Village, a 200-unit mixed-income property in Grapevine, located in the northern-central part of the metroplex. Built in 1983, Cobblestone Village comprises 96 one-bedroom and 104 two-bedroom apartments, 70 of which are subject to income restrictions. Amenities include a pool, fitness center, playground and outdoor grilling and dining stations. Jake Roberts of BWE originated the seven-year loan on behalf of the owner, San Antonio-based Falkin Platnick Realty Group, which plans to use a portion of the proceeds to fund capital improvements.

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]]> CooperWynn Capital Arranges $4.9M Loan for Refinancing of West Texas Hotel https://rebusinessonline.com/cooperwynn-capital-arranges-4-9m-loan-for-refinancing-of-west-texas-hotel/ Thu, 17 Sep 2026 14:49:27 +0000 https://rebusinessonline.com/?p=466124 MIDLAND, TEXAS — CooperWynn Capital, a Utah-based capital markets advisory firm, has arranged a $4.9 million loan for the cash-out refinancing of the 64-key My Place Hotel-Midland in West Texas. An entity doing business as CAMTOD Midland LLC, which is led by developer Dustin Campbell, opened the three-story, extended-stay hotel in late 2020. CooperWynn arranged the nonrecourse loan, which carried a five-year term and a fixed interest rate, through an undisclosed CMBS lender.

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]]> Bally’s Receives $560M in Financing for Casino, Resort Project in The Bronx https://rebusinessonline.com/ballys-receives-560m-in-financing-for-casino-resort-project-in-the-bronx/ Thu, 17 Sep 2026 14:37:29 +0000 https://rebusinessonline.com/?p=466114 NEW YORK CITY — Bally’s Corp. (NYSE: BALY) has received $560 million in financing for its new casino and resort project in The Bronx. Los Angeles-based WhiteHawk Capital Partners provided the financing, which consists of $400 million in “closing date term loan commitments” and $160 million in “delayed draw term loan commitments.” According to Casino.org, the Rhode Island-based gaming and entertainment operator secured the casino license from the State of New York in late 2025 and subsequently acquired 16 acres in The Bronx for the casino and resort, land that was previously part of the Trump Golf Links at Ferry Point. Citizens Capital Markets served as financial advisor to Bally’s on the transaction, which is expected to close before the end of the current quarter.

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]]> Trilogy Obtains Construction Loan for 172-Unit Build-to-Rent Project in Huntsville https://rebusinessonline.com/trilogy-obtains-construction-loan-for-172-unit-build-to-rent-project-in-huntsville/ Thu, 17 Sep 2026 13:29:07 +0000 https://rebusinessonline.com/?p=466094 HUNTSVILLE, ALA. — Trilogy Investment Co. has closed on a construction loan for REV3 at The Celeste, a 172-unit build-to-rent (BTR) townhome community underway in Huntsville. The loan amount was not released. Situated on Plummer Road on the north side of Huntsville, the property represents Trilogy’s second BTR opportunity zone fund development with Pinnacle Partners. REV3 at The Celeste will feature three-bedroom townhomes with attached garages, as well as a resort-style pool, clubhouse, fitness center and outdoor gathering spaces. Trilogy and construction affiliate REV3 Homes plan to deliver the first residences at the project in early 2027.

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]]> Northmarq Secures $29.3M Refinancing for Dining, Entertainment Center in Los Angeles https://rebusinessonline.com/northmarq-secures-29-3m-refinancing-for-dining-entertainment-center-in-los-angeles/ Thu, 17 Sep 2026 13:12:06 +0000 https://rebusinessonline.com/?p=466073 LOS ANGELES — Northmarq has arranged a $29.3 million loan to refinance Chapman Market, a 41,241-square-foot dining and entertainment center located in Los Angeles’ Koreatown neighborhood. Joe Giordani, Alex Kane and Karl Weidell of Northmarq secured the loan through Voya Investment Management on behalf of the borrower, Arc Capital Partners. Originally opened in 1928, Chapman Market is home to a mix of tenants including Club HUE, Quarters Korean BBQ, Starbucks, Origin Korean BBQ, Shibuyala, Toebang Café, Escala Ktown, Danbi, Tiger Sugar Boba, BHC Chicken, Kazunori: The Original Handroll Bar and Uncle Tetsu.

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]]> Thorofare Capital Provides $35M Loan for Refinancing of Industrial Property Near Port of Savannah https://rebusinessonline.com/thorofare-capital-provides-35m-loan-for-refinancing-of-industrial-property-near-port-of-savannah/ Wed, 16 Sep 2026 14:35:20 +0000 https://rebusinessonline.com/?p=466031 HARDEEVILLE, S.C. — Thorofare Capital has provided a $35 million loan for the refinancing and lease-up of Gateway Commerce Park, a two-building industrial park near the Port of Savannah. Built in 2025, Gateway Commerce Park spans nearly 450,000 square feet and is situated in Hardeeville, a city near the South Carolina-Georgia border. The park comprises a 330,480-square-foot cross-dock building and a 118,800-square-foot warehouse. Andrew Kim of Thorofare Capital originated the floating-rate, interest-only bridge loan on behalf of the borrower, an undisclosed real estate development firm.

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]]> JLL Arranges $60.5M Acquisition Loan for Brooklyn Multifamily Portfolio https://rebusinessonline.com/jll-arranges-60-5m-acquisition-loan-for-brooklyn-multifamily-portfolio/ Wed, 16 Sep 2026 13:48:47 +0000 https://rebusinessonline.com/?p=466014 NEW YORK CITY — JLL has arranged a $60.5 million acquisition loan for a portfolio of two multifamily buildings totaling 93 units in the Williamsburg area of Brooklyn. The buildings at 227 and 456 Grand St. were constructed between 2009 and 2014 and house a mix of market-rate, rent-stabilized and affordable housing units, as well as 22,700 square feet of retail space. Michael Zaremski and Clayton Ross of JLL arranged the loan through New York-based private equity firm Prospect Ridge Advisors on behalf of the owner, locally based developer Delshah Capital.

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]]> Basis Industrial Receives $24M Construction Loan for Self-Storage Project in Wayne, New Jersey https://rebusinessonline.com/basis-industrial-receives-24m-construction-loan-for-self-storage-project-in-wayne-new-jersey/ Wed, 16 Sep 2026 13:34:43 +0000 https://rebusinessonline.com/?p=466007 WAYNE, N.J. — Florida-based owner-operator Basis Industrial has received a $24 million construction loan for a self-storage project in the Northern New Jersey community of Wayne. ExtraSpace Storage will operate the facility at 555 Hamburg Turnpike, which will span 85,330 net rentable square feet across 586 climate-controlled units. Construction is underway and expected to be complete in early 2028. NexBank and NexPoint provided the loan.

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]]> Gantry Secures $50.8M in CMBS Financing for Two Kansas City Apartment Communities https://rebusinessonline.com/gantry-secures-50-8m-in-cmbs-financing-for-two-kansas-city-apartment-communities/ Wed, 16 Sep 2026 13:14:42 +0000 https://rebusinessonline.com/?p=465996 KANSAS CITY, MO. — Gantry has secured a total of $50.8 million in two permanent loans to refinance post-construction bridge debt for a pair of recently renovated apartment communities in Kansas City. The 222-unit Palisades Apartments is situated in the Eastside submarket, and the 133-unit Mayfair Apartments is located in the city’s Woodbridge neighborhood. Mark Reichter and Alec Frook of Gantry represented the borrower, a private real estate investor. The CMBS loans feature five-year terms and fixed interest rates.

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]]> BWE Secures $101M Loan for New Active Adult Community in Jacksonville https://rebusinessonline.com/bwe-secures-101m-loan-for-new-active-adult-community-in-jacksonville/ Tue, 15 Sep 2026 13:42:45 +0000 https://rebusinessonline.com/?p=465926 JACKSONVILLE, FLA. — BWE has secured a $101 million bridge loan for the refinancing of RISE at Glen Kernan Park, a new active adult community located at 4890 Sweetgrass Place in Jacksonville’s Southside neighborhood. Andy Effler of BWE led the team that closed the three-year, floating-rate loan through BlackRock affiliate HPS on behalf of the borrower, RISE, A Real Estate Company. The locally based developer is using the nonrecourse loan to retire the existing senior construction loan from Benefit Street Partners and the mezzanine loan from Pearlmark Real Estate, as well as funding reserves while RISE at Glen Kernan Park is in lease-up. The 308-unit property is reserved for households age 55 and older and features a mix of 109 one-bedroom and 127 two-bedroom luxury apartments, as well as 72 single-story cottage units with attached garages. Monthly rental rates range from $1,704 to $3,871, according to Apartments.com. Amenities include a fully equipped fitness facility, resort-style pool, pickleball courts and a bar and lounge room.

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]]> MMCC Arranges $53M Refinancing for Build-to-Rent Property in Rogers, Arkansas https://rebusinessonline.com/mmcc-arranges-53m-refinancing-for-build-to-rent-property-in-rogers-arkansas/ Tue, 15 Sep 2026 13:35:00 +0000 https://rebusinessonline.com/?p=465924 ROGERS, ARK. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $53 million loan for the refinancing of The Grove, a 235-unit build-to-rent (BTR) residential community in Rogers. John Brickson of MMCC’s Dallas office arranged the three-year, nonrecourse loan on behalf of the borrower, a joint venture between Brittenum Group and Realty Capital Partners. The direct lender was not disclosed. Built in 2024, The Grove was 94.5 percent occupied at the time of financing and comprises 123 detached, two-story cottages and 112 attached townhome-style residences. Amenities include a resort-style pool, 24-hour fitness center, golf simulator, package lockers, coworking offices, a community kitchen and a pickleball court.

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]]> Davis Property & Investment Receives $12M Refinancing for Multi-Building Industrial Park in DuPont, Washington https://rebusinessonline.com/davis-property-investment-receives-12m-refinancing-for-multi-building-industrial-park-in-dupont-washington/ Tue, 15 Sep 2026 13:28:55 +0000 https://rebusinessonline.com/?p=465780 DUPONT, WASH. — David Property & Investment has received $12 million in refinancing for Center Plaza, a multi-building industrial park in DuPont. Mike Wood and Tim Brown of Gantry secured the financing through Securian Financial for the borrower. Center Plaza features a mix of industrial/flex facilities in a campus environment with a tenant roster of a diverse range of industries.

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]]> Draper and Kramer Arranges $99.6M Acquisition Loan for Shopping Center in Skokie, Illinois https://rebusinessonline.com/draper-and-kramer-arranges-99-6m-acquisition-loan-for-shopping-center-in-skokie-illinois/ Tue, 15 Sep 2026 13:25:26 +0000 https://rebusinessonline.com/?p=465914 SKOKIE, ILL. — Draper and Kramer Inc. has arranged a $99.6 million loan on behalf of Fairbourne Properties for the acquisition of Village Crossing, a 724,400-square-foot shopping center on the border between Skokie and Niles. Built in 1988, the grocery-anchored property includes Jewel-Osco, AMC and Dick’s Sporting Goods. Bill Barry and Bill Stewart of Draper and Kramer’s Commercial Finance Group arranged the loan. In addition to funding the acquisition, the loan will be used for tenant improvements and leasing commission costs for new leasing at the property.

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]]> BridgeInvest Provides $87.9M Acquisition Loan for Industrial Facility in San Francisco https://rebusinessonline.com/bridgeinvest-provides-87-9m-acquisition-loan-for-industrial-facility-in-san-francisco/ Mon, 14 Sep 2026 14:15:51 +0000 https://rebusinessonline.com/?p=465783 SAN FRANCISCO — BridgeInvest, an investment manager specializing in senior-secured real estate credit, originated an $87.9 million first priority acquisition loan and lease-up of 300 Kansas Street, a six-story Class A research and development property in San Francisco’s Mission bay submarket. Constructed in 2023, the 152,000-square-foot property will continue to be leased and stabilized by the sponsors, Lincoln Property Co. and Sabal Investment Holdings.The loan was originated through BridgeInvest Credit Fund V LP, the firm’s evergreen discretionary fund focusing on first-lien loans across a diversified set of real estate asset types.

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]]> Cushman & Wakefield Arranges $163.9M Construction Loan for Northern New Jersey Multifamily Project https://rebusinessonline.com/cushman-wakefield-arranges-163-9m-construction-loan-for-northern-new-jersey-multifamily-project/ Mon, 14 Sep 2026 14:10:30 +0000 https://rebusinessonline.com/?p=465823 PARAMUS, N.J. — Cushman & Wakefield has arranged a $163.9 million construction loan for The Bergen Chapter, a 426-unit multifamily project that will be located adjacent to Bergen Town Center Mall in the Northern New Jersey community of Paramus. The Bergen Chapter will consist of two five-story residential buildings in which 15 percent of the units will be subject to income restrictions. The Bergen Chapter will feature amenities such as a pool, fitness center, lounges, coworking space and landscaped courtyards, as well as ground-floor retail space. John Alascio, Alex Hernandez, Chuck Kohaut, Alan Blank and Chris Meloni of Cushman & Wakefield arranged the debt through PCCP LLC on behalf of the borrower, a joint venture between two New Jersey-based firms, KRE Group and Russo Development.

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]]> Northwind Group Provides Two Loans Totaling $427M for New York City Office-to-Residential Conversion Projects https://rebusinessonline.com/northwind-group-provides-two-loans-totaling-427m-for-new-york-city-office-to-residential-conversion-projects/ Mon, 14 Sep 2026 11:55:00 +0000 https://rebusinessonline.com/?p=465863 NEW YORK CITY — Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has provided two loans totaling $427 million for a pair of office-to-residential conversion projects in New York City. In the first deal, Northwind funded a $208 million loan for the partial conversion of 141 Willoughby Street, a 24-story 355,000-square-foot office building in downtown Brooklyn. The borrower, a joint venture between Capstone Equities and BH3 Fund Advisors, plans to redevelop the office space on floors eight through 23 into 239 apartments. Ownership plans to maintain office usage across the first seven floors of 141 Willoughby, which was originally constructed in 2023 but never occupied. Future residents will have access to amenities such as a fitness center, entertainment lounge, coworking space, wellness center, golf simulator, sports court, games room and a children’s playroom, along with landscaped terraces on the 10th and 20th floors and a full-time attended lobby.   Lastly, the new ownership of 141 Willoughby, which has rebranded the building as 385 Gold, will maintain separate entrances and exits between the office and residential components. An expected completion date was not announced. “[The building at] 141 Willoughby Street was designed to an institutional standard,…

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]]> Foundation 8 Receives $44.5M Loan for Office Component of Mixed-Use Tower in Downtown Phoenix https://rebusinessonline.com/foundation-8-receives-44-5m-loan-for-office-component-of-mixed-use-tower-in-downtown-phoenix/ Fri, 11 Sep 2026 13:56:01 +0000 https://rebusinessonline.com/?p=465685 PHOENIX — Foundation 8 has received a $44.5 million loan secured by the office component of 333 N. Central Avenue, a mixed-use tower in downtown Phoenix. Hilco Group Real Estate Capital structured the first mortgage financing to refinance existing acquisition financing and provide additional capital to support leasing costs, tenant improvements, capital improvements and other costs associated with the execution of Foundation 8’s business plan. New York-based Sterling Realty Capital acted as debt placement agent and financing advisor to Foundation 8 in connection with the transaction. Adi Bedi of Sterling Realty Capital led the financing assignment and worked closely with Foundation 8 and the Hilco Global practice throughout the structuring, underwriting and closing process. Built in 2010, the property comprises 246,490 square feet of office space across the top eight floors of the tower, 2,522 square feet of ground-floor retail space, rooftop amenity rights and shared access to the building’s parking structure. A separately owned 242-key Westin Hotel occupies the middle portion of the building. The financing will support the repositioning of the office space from a historically single-tenant corporate headquarters into a multi-tenant office property. Foundation 8 purchased the office component in December 2025. Originally purpose-built for Freeport-McMoRan, the…

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]]> PSRS Arranges $6.3M Refinancing for Self-Storage Facility in Provo, Utah https://rebusinessonline.com/psrs-arranges-6-3m-refinancing-for-self-storage-facility-in-provo-utah/ Fri, 11 Sep 2026 13:50:45 +0000 https://rebusinessonline.com/?p=465690 PROVO, UTAH — PSRS has arranged $6.3 million in refinancing for a self-storage facility in Provo. The 130,510 rentable square-foot property offers 725 self-storage units that were 65 percent occupied at the time of refinancing. William DeFanti of PSRS secured the financing, which delivers significant cash-out proceeds alongside a 30-year amortization schedule. The borrower was undisclosed.

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]]> Gantry Arranges $48.3M in Financing for Multifamily Property in Maple Grove, Minnesota https://rebusinessonline.com/gantry-arranges-48-3m-in-financing-for-multifamily-property-in-maple-grove-minnesota/ Fri, 11 Sep 2026 13:45:44 +0000 https://rebusinessonline.com/?p=465699 MAPLE GROVE, MINN. — Gantry has arranged a $48.3 million permanent Freddie Mac loan to retire construction financing for The Edison at Maple Grove, a multifamily property in Maple Grove, about 20 miles northwest of Minneapolis. The two-building, five-story asset features 248 units along with two stories of heated underground parking and an additional 149 surface parking spaces. Floor plans include one-, two- and three-bedroom layouts. Amenities include a pool, rooftop clubhouse, business center, fitness center, dog park and playground. Joe Monteleone and Bonnie Monteleone of Gantry represented the borrower, a private real estate investor. The 10-year, fixed-rate loan features interest-only payments for the full term.

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]]> Pebb Capital Obtains $223M Loan for Refinancing of Sundy Village in Delray Beach, Florida https://rebusinessonline.com/pebb-capital-obtains-223m-loan-for-refinancing-of-sundy-village-in-delray-beach-florida/ Thu, 10 Sep 2026 13:57:27 +0000 https://rebusinessonline.com/?p=465643 DELRAY BEACH, FLA. — Pebb Capital has received a $223 million loan for the refinancing of Sundy Village, a seven-acre mixed-use campus under development in downtown Delray Beach, a coastal city in South Florida’s Palm Beach County. J.P. Morgan and Hudson Bay Capital provided construction financing for Phase II, replacing the project’s existing construction loan while providing additional capital for tenant improvements. J.P. Morgan also provided the original construction financing for Phase I of the project, along with Monroe Capital. Sean Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz and Dustin Stolly of Walker & Dunlop arranged the financing. Phase I of Sundy Village comprises 100,000 square feet of office space, 30,000 square feet of shops and restaurants, indoor-outdoor gathering spaces and 268 parking spaces. Tenants include Vertical Bridge, Industrious, Barcelona Wine Bar, Van Leeuwen Ice Cream, Double Knot, Drinking Pig BBQ, Maman, Dragonfly MRI, JTC and Fairstead Development, among others. Phase II will add a 79,141-square-foot, standalone office building, a 165-space parking garage and 3,400 square feet of ground-floor retail space.

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