Sunday, August 3, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Loans

GeorgiaLoansMixed-UseSoutheastStudent Housing

Landmark Properties Recapitalizes 1,364-Bed Student Housing Community Near University of Georgia

by John Nelson

ATHENS, GA. — Landmark Properties has recapitalized The Mark Athens, a 1,364-bed student housing property located at 130 Hickory St. near the University of Georgia campus. The property was developed in two phases, with the first phase completed in 2017 and the second phase completed in 2022. The community offers studio through six-bedroom apartments, alongside 67,000 square feet of retail space and 46,734 square feet of offices, with locally based Landmark occupying over 90 percent of the office space. The Mark also features 55,000 square feet of shared amenity space, including a rooftop pool and sundeck with views of the university’s campus, Sanford Stadium and downtown Athens; study spaces; a fitness center; golf simulator; racquetball court; and an indoor basketball court. Details of the refinancing were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingLoansMidwestMultifamilyOhio

BWE Arranges $1.1M Loan for Construction of 40-Unit Affordable Seniors Housing Project in East Canton, Ohio

by Kristin Harlow

EAST CANTON, OHIO — BWE has arranged a $1.1 million loan for the construction of HOPE Senior Village in East Canton, about 30 miles southeast of Akron. Bob Morton of BWE structured the USDA RHS 538 GRRHP loan, which features a 40-year, fixed-rate term and a 40-year amortization schedule. The development will consist of eight buildings, each containing five one- and two-bedroom units. Of the 40 units, seven are designated for residents earning up to 30 percent of the area median income (AMI), 17 are reserved for those earning up to 50 percent AMI and 16 are designated for residents earning up to 60 percent AMI. The project received additional financing through the use of 9 percent Low-Income Housing Tax Credits.

Continue Reading
FacebookTwitterLinkedinEmail
Pointe-West-Plaza-San-Ramon-CA
CaliforniaLoansRetailWestern

PSRS Arranges $3.7M Bridge Financing for Pointe West Plaza in San Ramon, California

by Amy Works

SAN RAMON, CALIF. — PSRS has arranged $3.7 million in bridge financing of Pointe West Plaza, a retail property located in San Ramon, east of the Bay Area. Jonny Soleimani and Matthew Farzinpour of PSRS secured the financing for the undisclosed borrower. Built in 1990, the property is a 16,921-square-foot, multi-tenant retail center. Current tenants include a billiards venue, salon, bistro and Chinese restaurant. The property also features underground and surface parking, totaling 82 spaces. A debt fund provided the 12-month loan, which features no prepayment penalty.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLoansMultifamilyNorth CarolinaSoutheast

Urban Standard Capital Provides $8M Construction Financing for Apartment Development in Durham

by John Nelson

DURHAM, N.C. — Urban Standard Capital has provided an $8 million loan to finance the construction of 555 Abranova, an apartment development in Durham, near the city’s downtown and Research Triangle Park. Abranova Real Estate is the borrower and developer. Upon completion, the property will feature 48,000 square feet of residential space across 37 units, with 5,000 square feet and 1,500 square feet of coworking and retail space, respectively. Other amenities will include a gym, yoga studio, outdoor terrace with grills and a communal lounge. Residents will also have access to the basketball court, dog park and walking paths within the developer’s adjacent townhome project. Site work has been completed at 555 Abranova, and completion is expected for either the fourth quarter of this year or the first quarter of 2025.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyTexas

JLL Arranges Loan for Refinancing of 224-Unit Apartment Complex in Arlington

by Taylor Williams

ARLINGTON, TEXAS — JLL has arranged a loan of an undisclosed amount for the refinancing of The Jones, a 224-unit apartment complex in Arlington. The Jones, which was built in 1977 and offers studio, one-, two- and three-bedroom units, is currently undergoing a capital improvement program. Kris Lowe and Kristi Leonard of JLL arranged the floating-rate loan through New York City-based Benefit Street Partners on behalf of the borrower, locally based investment firm WindMass Capital.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMassachusettsMultifamilyNortheastSeniors Housing

BWE Provides $13.1M Agency Acquisition Loan for Seniors Housing Property Near Providence

by Taylor Williams

NORTH ATTLEBOROUGH, MASS. — BWE has provided a $13.1 million Freddie Mac acquisition loan for Branches of North Attleboro, a 104-unit seniors housing property in North Attleborough, located near the Massachusetts-Rhode Island border. The property offers assisted living and memory care services and amenities such as a salon, fitness center, library, courtyards and various recreational spaces. Taylor Mokris and Ryan Stoll of BWE originated the nonrecourse, fixed-rate loan on behalf of the undisclosed borrower. Benchmark Senior Living operates the property.

Continue Reading
FacebookTwitterLinkedinEmail
PSRS-Industrial-Bldg-Paramount-CA
CaliforniaIndustrialLoansWestern

PSRS Arranges $25M Refinancing for Industrial Property in Paramount, California

by Amy Works

PARAMOUNT, CALIF. — PSRS has arranged $25 million in cash-out refinancing for an industrial property in the Los Angeles suburb of Paramount. Built in 1979, the property is a concrete tilt-up, 282,000-square-foot facility with 270 parking spaces. David Semmer of PSRS provided the undisclosed borrower with a nonrecourse loan with an eight-year term and 25-year amortization schedule. The loan was financed with a life insurance company.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLoansRetailSoutheast

CBRE Secures $17M Refinancing for Grocery-Anchored Shopping Center in South Florida

by John Nelson

FORT LAUDERDALE, FLA. — CBRE has secured a $17 million loan for the refinancing of Galt Ocean Marketplace, a 105,589-square-foot shopping center located at 3700-4032 N. Ocean Blvd. in Fort Lauderdale. Winn-Dixie anchors the property, which was built in 1988 and was 96 percent occupied at the time of sale. Other tenants at the center include CVS/pharmacy, Holy Cross Hospital and McDonald’s. Palm Beach Gardens, Fla.-based Kitson & Partners acquired the property in 2006. Paul Ahmed and Mackenzie Lampman of CBRE arranged the financing through a regional bank on behalf of the borrower.

Continue Reading
FacebookTwitterLinkedinEmail
LoansNew JerseyNortheastRetail

JLL Arranges $8.3M Loan for Refinancing of Jersey Shore Shopping Center

by Taylor Williams

BARNEGAT, N.J. — JLL has arranged an $8.3 million loan for the refinancing of Barnegat Village Square, a 70,491-square-foot shopping center on the Jersey Shore. The center was built in 1998 and was 97 percent leased at the time of the loan closing, with grocer ACME Markets serving as the anchor tenant. Other tenants include Barnegat Wine & Spirits, China King, AtlantiCare Urgent Care, Marchioni’s, Dazzlz Salon and Burger King. Jim Cadranell and Michael Mataras of JLL arranged the 10-year, fixed-rate loan through Provident Bank on behalf of the borrower, an affiliate of Walters Group.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingLoansMidwestMultifamilySeniors HousingWisconsin

Associated Bank, Johnson Financial Originate $54.6M in Construction Financing for Affordable Housing Project in Madison

by Kristin Harlow

MADISON, WIS. — Associated Bank and Johnson Financial Group have originated a $13 million construction loan and a $41.6 million tax-exempt bond loan for the development of Rise Madison. The Wisconsin Housing Preservation Corp. is developing the affordable housing project in the state’s capital. The 4 percent Low-Income Housing Tax Credits project will provide affordable housing for both seniors and families. The senior financing structure will take the form of tax-exempt bonds issued by the Wisconsin Housing and Economic Development Authority and held by both Associated Bank and Johnson Financial Group. Bryan Schreiter of Associated Bank and Steve Sosnowski of Johnson Financial Group handled the loan arrangements and closing. The four-building project is situated on Rise Lane. Units will be offered to tenants with income levels at or below 80 percent of the Dane County median income. Two five-story buildings will be marketed for families. One will have a total of 110 units while the other will feature 77 units. A three-story building will have a total of 46 units designed for senior living. The fourth building will consist of 12 two-story townhomes. Older buildings on the project site have been demolished, and phased construction is underway. The first building …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts