Loans

Mesa West Capital Provides $94.2M Construction Loan for Seniors Housing Property Near Las Vegas

by Amy Works November 10, 2026

HENDERSON, NEV. — Mesa West Capital has provided a $94.2 million construction loan to a joint venture between affiliates of Bain Capital Real Estate and Investcor for a planned seniors housing community in Henderson. The three-year, nonrecourse, floating-rate loan is secured by MorningStar Green Valley, a to-be-built full-continuum senior living community located at 2155 Village Walk Drive. Slated for delivery in October 2028, MorningStar Green Valley will feature 234 independent living, assisted living and memory care residences. Denver-based MorningStar Senior Living will manage the community upon completion. The construction team includes Martin-Harris Construction, DRC Surveying Nevada and Architectural Nexus.

November 10, 2026

Arizona Loans Multifamily Western

Dinerstein Cos., PCCP Receive $92.1M Refinancing for Multifamily Community in Mesa, Arizona

by Amy Works November 10, 2026

MESA, ARIZ. — The Dinerstein Cos. and PCCP have received $92.1 million in refinancing for Atlas Mesa, a Class A garden-style apartment property located at 5818 E. Baseline Road in Mesa. JLL Capital Markets represented the borrowers in arranging the loan through QuadReal Property Group. Delivered in 2025, Atlas Mesa is a four-story property offering 394 studio, one-, two- and three-bedroom layouts with an average unit size of 991 square feet. Unit amenities include two-toned kitchen cabinets, quartz countertops, wood-style flooring, full-size washers/dryers, indoor air quality systems and stainless steel appliances in select units. Community amenities include an outdoor sky deck and landscaped courtyards, private and group coworking spaces, an indoor/outdoor fitness center, barbecue grills, a pool with a deck, spa and lounge seating, a resident social lounge with full kitchen and TVs, a dog park, pet spa and a bike storage and repair station. Brad Miner, Cameron Cureton, Drew Lydon, Justin Savoie, Andrew Pappas and Jack Kurschat of JLL secured the financing for the borrowers.

November 10, 2026

Development Industrial Loans Midwest Ohio

JLL Arranges $155M Construction Loan for Buckeye Yards Industrial Development in Columbus

by Kristin Harlow November 10, 2026

COLUMBUS, OHIO — JLL Capital Markets has arranged a $155 million construction loan for Buckeye Yards, a four-building industrial development totaling 1.8 million square feet in Columbus. The project is being developed on a former rail yard site west of downtown Columbus. The first phase of the master-planned development will encompass 153 acres of logistics and distribution space. Danny Kaufman, Lucas Borges, Brian Walsh, Michael Gurwin and Emma Berner of JLL worked on behalf of the borrower, Xebec and its institutional capital partner, to secure a loan through Oxford Properties. Buckeye Yards is the redevelopment of a former Norfolk Southern rail yard into a large-scale logistics campus. Upon completion, the first phase will feature four buildings ranging from approximately 205,000 square feet to more than 910,000 square feet. The development will include both rear-load and cross-dock configurations, clear heights ranging from 36 to 40 feet, 349 dock doors, 1,180 automobile parking spaces and 477 trailer parking stalls. The property will benefit from a 10-year tax abatement structure.

November 10, 2026

Development Hospitality Loans Southeast Tennessee

Arriba Capital Arranges $47M Construction Loan for Moxy Hotel Project in Downtown Knoxville

by John Nelson November 10, 2026

KNOXVILLE, TENN. — Arriba Capital has arranged a $47 million construction loan for a new 175-room Moxy by Marriott hotel in downtown Knoxville. Arriba Capital arranged the loan through an unnamed national lender on behalf of the borrower, Atlanta-based Vector Hospitality. The loan has a 77 percent loan-to-cost ratio, according to Arriba Capital. Located at 137 S. Central St., the seven-story hotel is slated to open in 2028 and offer three food-and-beverage options: The Getaway rooftop bar, Bar Moxy on the ground level and The Pop-Up Hub in the hotel’s breezeway.

November 10, 2026

Affordable Housing Loans Multifamily New York Northeast

Berkadia Provides $219M Agency Permanent Loan for Upper Manhattan Affordable Housing Community

by Taylor Williams November 9, 2026

NEW YORK CITY — Berkadia has provided a $219 million Fannie Mae permanent loan for the rehabilitation and preservation of Rangel Houses, a 984-unit affordable housing community in Upper Manhattan. Rangel Houses was originally built on 11 acres in 1951 as Colonial Park Houses and was renamed in 1977 in honor of tenant association president Ralph Rangel. Today, the community comprises eight high-rise buildings that are home to roughly 1,800 people. All units are reserved for households earning 80 percent or less of the area median income, with the majority (954 units) designated for “very low-income” residents. Rangel Houses also features playgrounds and open space, commercial space and specialized centers for seniors and children of varying ages. Matthew Baptiste and Heather Olson of Berkadia originated the financing in partnership with the New York City Housing Authority, the New York City Housing Development Corp. and Goldman Sachs on behalf of the owner, Genesis Cos. The loan was structured with a 15-year term, five years of interest-only payments and a 40-year amortization schedule.

November 9, 2026

Arizona Loans Office Property Type Western

RED Development Receives $69.3M Refinancing for Offices at The Grove in Phoenix

by Amy Works November 9, 2026

PHOENIX — RED Development has obtained $69.3 million in refinancing for The Offices at The Grove, a Class AA office building in Phoenix. Kevin Mackenzie, Jason Carlos and Frank Chums of JLL Debt Advisory team arranged the five-year, fixed-rate loan with PGIM’s real estate investment group for the borrower. The financing collateral consisted of the office building, Pyro restaurant, two retail spaces and an underground parking facility. Completed in fourth-quarter 2022, The Offices at The Grove features 185,536 square feet of fully leased office space. Current tenants include JPMorgan Chase, Clayco, First Solar, JLL, PwC, Caterpillar and Aon. The property offers best-in-class amenities, including a rooftop pickleball court and pavilion, first-floor dining with Pyro (a Japanese izakaya bistro by Flagship Restaurant Group), views of Camelback Mountain and 631 parking spaces in shared structured parking.

November 9, 2026

Acquisitions Alabama Industrial Loans Southeast

Arrow Real Estate Secures $16.9M in Acquisition Financing for Industrial Facility in Anniston, Alabama

by Abby Cox November 9, 2026

ANNISTON, ALA. — Arrow Real Estate Advisors has arranged $16.9 million in acquisition financing for a 559,900-square-foot industrial facility located in the eastern-central Alabama city of Anniston. Morris Betesh, Omar Ferreira, Jonah Schultz and Zac Cornell of Arrow Real Estate secured the loan through Wells Fargo on behalf of the borrower, Tampa-based BlueLedge Group. Situated at 100 National Drive along the I-20 corridor, the industrial facility includes 41 dock-high and 18 drive-in loading doors and was fully leased at the time of sale to an undisclosed third-party logistics operator.

November 9, 2026

Loans Midwest Multifamily Wisconsin

MMCC Arranges $34M in Financing for Wisconsin Multifamily Property

by Kristin Harlow November 9, 2026

STEVENS POINT, WIS. — Marcus & Millichap Capital Corp. (MMCC) has arranged $34 million in financing for North Side Yard, a newly developed multifamily property with 213 units in Stevens Point. Robert Bhat of MMCC secured the loan through a national bank on behalf of a private client. The five-year, nonrecourse loan features a 75 percent loan-to-value ratio, five years of interest-only payments and a 6.8 percent interest rate. North Side Yard is a three-building complex with ground-floor retail and office suites. The property offers studio, one- and two-bedroom units.

November 9, 2026

Acquisitions Loans Multifamily Texas

Newmark Provides $53.9M Agency Acquisition Loan for Multifamily Property in Northlake, Texas

by Taylor Williams November 6, 2026

NORTHLAKE, TEXAS — Newmark has provided a $53.9 million Fannie Mae acquisition loan for Dry Creek Ranch, a 456-unit multifamily property in Northlake, located north of the metroplex in Denton County. Built on 29 acres between 2014 and 2017, Dry Creek Ranch features one-, two- and three-bedroom units and amenities such as multiple pools, a fitness center, clubhouse, business center, basketball court and a car wash station. Adam Randall, John Westby-Gibson and Drake Blodgett of Newmark originated the five-year, fixed-rate loan on behalf of the buyer, Denver-based Bow River Capital. Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware and Shelby Vosburg of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, Western Securities, in the transaction and procured Bow River as the buyer.

November 6, 2026

Loans Multifamily New York Northeast

Affinius Capital Provides $226M Loan for Refinancing of Downtown Brooklyn Apartment Tower

by Taylor Williams November 6, 2026

NEW YORK CITY — Affinius Capital has provided a $226 million loan for the refinancing of 55 House, a 43-story apartment tower in downtown Brooklyn. The building houses 295 residences — 206 market-rate apartments and 89 affordable housing units — as well as 3,500 square feet of retail space. Units come in studio, one-, two- and three-bedroom floor plans, and amenities include a fitness center, rooftop terrace, lounge, media room and coworking space. The project was announced in June 2023, and leasing launched earlier this year. The borrower is a joint venture between locally based developer Lonicera Partners and New York-based investment firm Rabina.

November 6, 2026

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