Sunday, November 23, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Loans

Speedway-Commerce-Center-Fontana-CA
CaliforniaDevelopmentIndustrialLoansWestern

Partnership Receives $756M Financing Package for Speedway Commerce Center Logistics Development in Fontana, California

by Amy Works

FONTANA, CALIF. — A fund sponsored by CBRE Investment Management, in joint partnership with Hillwood Investment Properties, has received a $756 million financing package for the construction of Phase I of Speedway Commerce Center in the Inland Empire city of Fontana. Located at 9300 Cherry Ave., Speedway Commerce Center will be a multi-building logistics project with highly functional, larger scale buildings offering 40-foot clear heights, cross-docked loading, 185-foot concrete truck courts, employee parking, optimal circulation and more than 100 acres for excess trailer parking. Construction is underway at the site, which is entitled for up to 6.6 million square feet of logistics space. The first two buildings are slated for completion in early 2025. Eastdil Secured arranged the financing on behalf of CBRE Investment Management. Dan de la Paz, Eloy Covarrubias and Barbara Perrier of CBRE are handling leasing efforts for the development.

Continue Reading
FacebookTwitterLinkedinEmail
El-Paseo-Shopping-Center-South-Gate-CA
CaliforniaLoansRetailWestern

CBRE Arranges $43M Refinancing for El Paseo Shopping Center in South Gate, California

by Amy Works

SOUTH GATE, CALIF. — CBRE has secured a $43 million refinancing for El Paseo Shopping Center in South Gate, a suburb of Los Angeles. Located at 8634 Garfield Ave., the property features 300,000 square feet of retail space. Current tenants include Regal Edwards Theatres, Curacao, Planet Fitness, Starbucks Coffee, Union Bank, GNC, Panda Express, T-Mobile and Hooters. Bob Ybarra, Shaun Moothart, Bruce Francis, Doug Birrell, Nick Santangelo and Jim Korinek of CBRE secured the five-year, full-term interest-only, nonrecourse loan for the undisclosed borrower.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilySeniors HousingUtahWestern

CFG Provides $16.3M Acquisition Financing for Two Skilled Nursing Facilities in Utah

by Amy Works

UTAH — CFG, a subsidiary of CFG Bank, has provided $16.3 million in bridge-to-HUD financing for the acquisition of two skilled nursing facilities.  The properies, which are in Utah, support a total of 220 beds.  The deal allowed the undisclosed borrower to expand its footprint into a new state. Further details were not disclosed. Tommy Dillon of CFG originated the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
KansasLoansMidwestRetail

Diversified Commercial Capital Arranges $6.6M Acquisition Loan for Rush Funplex-Occupied Property in Kansas

by Kristin Harlow

SHAWNEE, KAN. — Diversified Commercial Capital has arranged a $6.6 million acquisition and improvement loan for an 80,403-square-foot property occupied by Rush Funplex in Shawnee. The family entertainment center is located within a multi-tenant retail center along the Shawnee Mission Parkway. Diversified arranged the fixed-rate, five-year loan on behalf of the undisclosed borrower through a regional lender.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLoansMultifamilySoutheast

Aztec Group Arranges $95M Refinancing for Tamarac Village Apartments in South Florida

by John Nelson

TAMARAC, FLA. — Aztec Group has arranged a $95 million loan for the refinancing of Tamarac Village, a 401-unit apartment community in South Florida’s Broward County. MF1 Capital provided the bridge financing. Situated on 12.7 acres, the property was developed in two phases in 2020 and 2023 by the borrower, Lotis Group. Tamarac Village features one-, two- and three-bedroom apartments ranging in size from 800 to 1,485 square feet, as well as a nearly 9,000-square-foot clubhouse, according to Apartments.com. The loan marks the eighth transaction between Aztec Group and the developer.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLoansSoutheastStudent Housing

Harrison Street Recapitalizes 1,527-Bed Student Housing Community Near University of Central Florida

by John Nelson

ORLANDO, FLA. — Harrison Street has recapitalized The Aves at Twelve 100, a student housing community located adjacent to the University of Central Florida campus in Orlando. Harrison Street executed the transaction via a new joint venture with The Scion Group. The property was originally acquired by Harrison Street in 2011 and recently underwent extensive renovations. The community offers one-, two-, three- and four-bedroom, fully furnished units with bed-to-bath parity. Shared amenities include four resort-style swimming pools; a 24-hour fitness center and yoga studio; private study rooms; a business center; community clubhouse; courtyard space; and onsite parking garages.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMarylandRetailSoutheast

JLL Secures $22M Refinancing for Arundel Plaza Shopping Center in Glen Burnie, Maryland

by John Nelson

GLEN BURNIE, MD. — JLL has secured a $22 million loan for the refinancing of Arundel Plaza, a 282,039-square-foot shopping center located at 6620 Governor Ritchie Highway in Glen Burnie, a southern suburb of Baltimore. Michael Klein, Jon Mikula, Evan Parker and John Cumming of JLL arranged the five-year, fixed-rate loan through a life company lender on behalf of the Singapore-based borrower, United Hampshire U.S. REIT. Arundel Plaza was fully leased at the time of financing to tenants including Lowe’s Home Improvement, Giant Food, Jersey Mike’s, FedEx, Hook & Reel, Panda Express and Chipotle Mexican Grill. The six-building property was built in 1967 and renovated in 2017.

Continue Reading
FacebookTwitterLinkedinEmail
IndianaLoansMidwestMultifamily

Red Oak Capital Holdings Provides $4M Bridge Loan for Renovation of Indianapolis Apartment Property

by Kristin Harlow

INDIANAPOLIS — Red Oak Capital Holdings LLC has provided a $4 million bridge loan for Bon Air Apartments, an apartment property located in Indianapolis. The funds will be used to pay off an existing loan and complete a renovation. The loan features interest-only payments, a two-year term and two six-month extension options. The nonrecourse debt represents 54.4 percent of the property’s estimated stabilized value of $7.3 million. Stratos Athanassiades, Thomas Gorski and Jesus Martinez of Red Oak originated and underwrote the debt under the firm’s Opportunistic Bridge Loan Program, which is a higher-leverage product with a small equity component for assets with a substantial value-creation element. Paul Meyer of Bristol Capital arranged the loan. The borrower, a group of professionals doing business as 21 West QOZ LLC, has invested $4 million into the property since acquiring it in 2021. Originally built in 1960, the property consists of a trio of three-story buildings with 42 units and 56 parking spaces. The owner is planning a gut renovation of the three buildings as well as constructing a new building on an adjacent vacant parcel. Common area and amenity spaces will connect all four buildings. The borrower ultimately intends to exit the Red …

Continue Reading
FacebookTwitterLinkedinEmail
ArizonaDevelopmentIndustrialLoansMidwestNew MexicoOhioOregonTop StoriesWestern

US Department of Commerce Proposes $8.5B in Funding for Intel Semiconductor Projects in Four States

by Kristin Harlow

ARIZONA, NEW MEXICO, OHIO AND OREGON — Intel Corp. and the U.S. Department of Commerce have signed a non-binding preliminary memorandum of terms (PMT) for up to $8.5 billion in direct funding to Intel for commercial semiconductor projects under the CHIPS and Science Act. The proposed funding would help advance Intel’s critical semiconductor manufacturing and research-and-development (R&D) projects at its sites in Arizona, New Mexico, Ohio and Oregon. CHIPS Act funding aims to increase U.S. semiconductor manufacturing and research and development (R&D) capabilities. According to a release, Intel is the only American company that both designs and manufactures leading-edge logic chips. “Today is a defining moment for the U.S. and Intel as we work to power the next great chapter of American semiconductor innovation,” says Intel CEO Pat Gelsinger. “Artificial intelligence is supercharging the digital revolution, and everything digital needs semiconductors.” Santa Clara, Calif.-based Intel is building two new fabrication plants in Chandler, Ariz. The new factories on the company’s Ocotillo campus are part of Intel’s multibillion-dollar global manufacturing build-out, which includes new or expanded facilities in Oregon, New Mexico, Ohio, Malaysia, Ireland, Poland, Israel and Germany. Construction is underway on Intel’s Fab 9 factory in Rio Rancho, N.M. Fab …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaLoansMultifamilySoutheast

Berkadia Arranges $21.2M Acquisition Loan for Two Multifamily Communities in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — Berkadia has arranged a $21.2 million acquisition loan for two garden-style apartment communities in Jacksonville. The properties, which total 328 units combined, include Colonial Forest at 5928 Firestone Road and Northwood Apartments at 1601 Dunn Ave. Matthew Robbins, Wesley Moczul, Mitch Sinberg, Scott Wadler and Brad Williamson of Berkadia arranged the bridge loan through The Bancorp on behalf of the borrower, Fort Lauderdale, Fla.-based Southeast Property Group. The fixed-rate, three-year loan includes $9.6 million for future capital expenditures. The seller of Colonial Forest and Northwood Apartments was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts