Loans

JLL Secures $27M Construction Loan for Retail Project in Rocklin, California

by Amy Works September 26, 2025

ROCKLIN, CALIF. — JLL Capital Markets, on behalf of Blue Coast Capital, has arranged a $27 million construction loan for Whitney Ranch Retail Center, a to-be-built, 52,200-square-foot neighborhood retail center in the Whitney Ranch community of Rocklin. The three-year construction loan was secured with U.S. Bank. Slated for completion in 2026, Whitney Ranch Retail Center will include 35,000 square feet of inline and standalone retail, as well as five ground-leased pad sites totaling 17,200 square feet. The property will be shadow anchored by Nugget Markets, an upscale supermarket chain with 16 locations across Northern California.

September 26, 2025

Build-to-Rent Illinois Loans Midwest Single-Family Rental

Lynd Receives $64M Loan for Refinancing of Build-to-Rent Property in Metro Chicago

by Kristin Harlow September 26, 2025

OSWEGO, ILL. — Lynd Development Group, a division of The Lynd Group, has received a $64 million loan from Starwood Capital to refinance Home at Ashcroft, a 178-unit, luxury build-to-rent community in the western Chicago suburb of Oswego. The new financing replaces a $66 million construction loan provided by Delaware Life and Steeprock Capital. Construction began in 2022 and is now complete. The property is more than 82 percent occupied. Home at Ashcroft features three-bedroom, single-story homes averaging 1,775 square feet. Each residence includes a two-car garage and covered patio. Monthly rents range from $2,800 to $4,000. Amenities include a clubhouse, pool, fitness center, game room, private library, grilling stations, dog park and landscaped walking trail.

September 26, 2025

Development Loans Multifamily New York Northeast

PGIM Provides $19.2M Mezzanine Loan for Long Island Multifamily Project

by Taylor Williams September 25, 2025

PATCHOGUE, N.Y. — PGIM has provided a $19.2 million mezzanine loan for the construction of Carriage House, a 262-unit multifamily project that will be located in the Long Island community of Patchogue. Carriage House will be a two-building development in which 20 percent of the units will be reserved as affordable housing. Information on floor plans and amenities was not disclosed. The development will also include the construction of a 30,000-square-foot riverwalk and park area. The borrower is a partnership between Asia Capital Real Estate and Nord Development.

September 25, 2025

Florida Loans Multifamily Southeast

Berkadia Arranges $57M Refinancing for Astor Sound at Lake Worth Apartments in South Florida

by John Nelson September 25, 2025

LAKE WORTH, FLA. — Berkadia has arranged a $57 million bridge loan for the refinancing of Astor Sound at Lake Worth, a 230-unit apartment community in South Florida’s Palm Beach County that is nearing completion. Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Patrick Johnson of Berkadia secured the two-year loan through Infinity Collective on behalf of the borrower, Midtown Capital Partners. Located at 2201 Tenth Ave. in Lake Worth, Astor Sound is situated on a 6.5-acre site next to a canal. The property will offer one-, two- and three-bedroom floorplans that range in size from 715 to 1,160 square feet. Amenities will include a resort-style pool and pavilion with a summer kitchen, fitness center, outdoor entertainment area, dog park/spa, resident coworking lounge, coffee bar, game room, conference room and an outdoor trail.

September 25, 2025

Loans Multifamily North Carolina Southeast Walker & Dunlop

Walker & Dunlop Secures Refinancing for 240-Unit Apartment Community in Durham

by John Nelson September 25, 2025

DURHAM, N.C. — Walker & Dunlop has secured the refinancing of Plat 4 at Research Triangle, a 240-unit apartment community located at 5510 Primary Drive in Durham. Sean Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Michael Ianno and Stanley Cayre of Walker & Dunlop’s New York City office arranged the floating-rate, interest-only loans through ACRE on behalf of the borrower, Buckingham Cos. The financing of Plat 4 at Research Triangle was executed in tandem with the refinancing of Buckingham’s Plat 10 at the Ranch in Loveland, Colo., with both transactions totaling $110 million. Built in 2023, Plat 4 offers a mix of studio, one-, two- and three-bedroom residences, as well as a pool, fitness center, lounge, car care center and a dog park.

September 25, 2025

Industrial Loans New York Northeast Self-Storage

Affinius Capital Provides $120M Loan for Refinancing of New York City Self-Storage Portfolio

by Taylor Williams September 24, 2025

NEW YORK CITY — Affinius Capital has provided a $120 million loan for the refinancing of the Prime NYC Self-Storage Portfolio, a collection of three self-storage facilities totaling 7,230 units in New York City. The names and addresses of the properties, which exclusively offer climate-controlled space, were not disclosed, but the locations span Brooklyn, Queens and The Bronx. Drew Anderman of CBRE arranged the loan through Affinius Capital on behalf of the owner, Prime Group Holdings. Miami-based lender 3650 Capital provided an undisclosed amount of junior mezzanine financing for the deal.

September 24, 2025

California Loans Multifamily Western

Northmarq Provides $53.7M Refinancing for Multifamily Community in Folsom, California

by Amy Works September 24, 2025

FOLSOM, CALIF. — Northmarq has provided a $53.7 million Fannie Mae loan for the refinancing of Fairmont at Willow Creek, a garden-style apartment community in Folsom. Joe Giordani, Alex Kane, Brendan Golding and Alvin Cao of Northmarq originated the financing for the borrower, CWS Capital Partners. The transaction was structured with a five-year term and full-term interest-only payments. The loan features a 70 percent loan-to-value ratio and a 35-year amortization for sizing purposes. Located at 200 S. Lexington Drive, Fairmont at Willow Creek features 260 one- and two-bedroom apartments with custom kitchens, in-unit washers/dryers and private patios or balconies. Community amenities include a clubhouse, swimming pool, spa, fitness center and dog park.

September 24, 2025

Loans Nevada Retail Western

RA Centers Arranges $20M in Financing for Cheyenne Point Plaza Shopping Center in Las Vegas

by Amy Works September 24, 2025

LAS VEGAS — RA Centers has arranged $20 million in financing for Cheyenne Point Plaza, a 111,809-square-foot neighborhood center located in Las Vegas. Mariana’s Supermarkets anchors the center, which is fully leased. Other tenants include Dollar General, Intermountain Healthcare, Taco Bell, Panda Express and Subway. Raymond Arjmand and Nader Arjmand of RA secured the financing through JP Morgan.

September 24, 2025

Industrial Loans South Carolina Southeast

JLL Secures $115M Financing for Three Distribution Centers in Hardeeville, South Carolina

by Abby Cox September 24, 2025

HARDEEVILLE, S.C. — JLL Capital Markets has secured $115 million in financing for three industrial buildings located within RiverPort Commerce Park in Hardeeville, roughly 10 miles from the Port of Savannah. The portfolio, which comprises Riverport buildings 5, 6 and 7, totals roughly 1.3 million square feet. Bobby Norwood, Mark Sixour, Kelsey Bawcombe and Austin Smith of JLL arranged the loan on behalf of the borrowers, North Signal Capital and EJF Capital LLC. Synovus and City National Bank provided the loan. RiverPort 5 spans 130,436 square feet and features a rear-load configuration, 34 dock-high doors and 32-foot clear heights. RiverPort 6 encompasses 402,491 square feet in a front-load design with 94 dock-high doors and 36-foot clear heights. The largest facility, RiverPort 7, spans 791,259 square feet in a cross-dock configuration with 154 dock-high doors and 36-foot clear heights. The three-building portfolio is currently 87 percent leased to various tenants such as logistics providers, consumer products distributors and security system manufacturers.

September 24, 2025

Loans Retail Texas

BWE Arranges $36M Loan for Refinancing of Shopping Center in Terrell, Texas

by Taylor Williams September 23, 2025

TERRELL, TEXAS — Cleveland-based financial intermediary BWE has arranged a $36 million loan for the refinancing of Crossroads at Terrell, a 260,877-square-foot shopping center located east of Dallas. Built between 2022 and 2024 within a larger mixed-use development, the center is home to tenants such as Hobby Lobby, Academy Sports + Outdoors, Marshalls, Burke’s Outlet and Petco. Matt Good of BWE arranged the loan through an undisclosed life insurance company. The borrower was also not disclosed.

September 23, 2025

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