Loans

Berkadia Arranges Fannie Mae Loan for 96-Unit Meadowood Townhomes in Grand Rapids

by Kristin Harlow April 8, 2026

GRAND RAPIDS, MICH. — Berkadia has arranged financing for Meadowood Townhomes, a 96-unit, newly constructed multifamily property in Grand Rapids. Aaron Moll, Dominick Ens and Kevin Nimmo of Berkadia secured the loan through Fannie Mae. The borrower is the developer of the property, Grand Rapids-based Wheeler Development Group, which owns and operates the asset under its affiliated property management company, PURE Real Estate Management. The 10-year loan featured a 5.32 percent interest rate with seven years of interest-only payments followed by a 30-year amortization. Meadowood Townhomes was built in 2025.

April 8, 2026

Life Sciences Loans Northeast Pennsylvania

Brandywine Receives $87.3M in C-PACE Financing for Philadelphia Life Sciences Facility

by Taylor Williams April 8, 2026

PHILADELPHIA — Brandywine Realty Trust has received $87.3 million in C-PACE financing for 3151 Market Street, a 494,530-square-foot life sciences facility located within the developer’s Schuylkill Yards mixed-use destination in Philadelphia. The newly completed facility also includes traditional office space in addition to lab facilities and various tenant amenities. Nuveen Green Capital provided the financing, and the deal team says that the amount represents the largest C-PACE loan closing in Pennsylvania’s history. The Philadelphia Energy Authority will administer the financing.

April 8, 2026

Loans Multifamily Texas

JLL Arranges Acquisition Financing for 322-Unit Apartment Community in Denton

by Taylor Williams April 7, 2026

DENTON, TEXAS — JLL has arranged acquisition financing for Resia Rayzor Ranch, a 322-unit apartment community located in the North Texas city of Denton. Completed in 2024 and located within a master-planned community of the same name, Resia Rayzor Ranch consists of two buildings on a 3.1-acre site. Units come in one-, two- and three-bedroom floor plans and have an average size of 792 square feet. Amenities include a pool, fitness center, pickleball and basketball courts, outdoor grilling and dining stations, coworking space and package lockers. Jesse Wright, Philip Galligan and Lauren Dow of JLL arranged the loan through private equity firm ACRE on behalf of the borrower, Miami-based owner-operator Resia.

April 7, 2026

Building-F-Bunker-Hill-Housing-Charlestown

Affordable Housing Development Loans Massachusetts Multifamily Northeast

Partnership Receives $172M in Financing for Mixed-Income Housing Redevelopment in Metro Boston

by Taylor Williams April 7, 2026

CHARLESTOWN, MASS. — A partnership between Leggat McCall Properties, Joseph J. Corcoran Co. and the Boston Housing Authority has received $172 million in financing for a mixed-income housing redevelopment in Charlestown, located north of Boston. The financing consists of a $122 million construction loan from Los Angeles-based Cottonwood Group and a $50 million equity investment from the City of Boston’s Housing Accelerator Fund. The partnership will use the proceeds to fund the redevelopment of the 266-unit Building F of the Bunker Hill Housing Redevelopment, which rises nine stories and comprises 208 market-rate units and 58 affordable housing units. The project is part of a larger initiative that aims to redevelop the entire Bunker Hill public housing community over the next decade, creating a total of 2,699 units of housing through both repositioning of existing affordable housing units and the addition of market-rate homes.

April 7, 2026

Loans New Jersey Northeast Retail

JLL Arranges $20.5M Loan for Refinancing of Coastal New Jersey Shopping Center

by Taylor Williams April 7, 2026

STAFFORD TOWNSHIP, N.J. — JLL has arranged a $20.5 million loan for the refinancing of Stafford Park, a 140,893-square-foot shopping center in Stafford Township, located I coastal New Jersey. Developed in 2007, the open-air center was fully leased at the time of sale to tenants such as Dick’s Sporting Goods, Best Buy, PetSmart and Ulta. Jim Cadranell, Ryan Carroll and Christian Badalamenti of JLL arranged the five-year, fixed-rate loan through an undisclosed investment manager on behalf of the borrower, regional owner-operator Walters Group.

April 7, 2026

Alabama Hospitality Loans Southeast

Forman Capital Provides $20.5M Loan for Hotel Indigo in Huntsville

by Abby Cox April 6, 2026

HUNTSVILLE, ALA. — Forman Capital has provided a $20.5 million bridge loan for Hotel Indigo, a newly built, 112-room boutique hotel located within Huntsville’s MidCity District. Ben Jacobson, Scott Mehlman, Ty Regnier and Cameron Fleury of Forman Capital secured the loan on behalf of the borrower and developer, ViaNova Development. The loan paid off the construction financing for the five-story hotel. The pet-friendly property, which is expected to open over the next few weeks, will feature meeting space, an onsite restaurant and a fitness center.

April 6, 2026

Loans Multifamily Utah Western

JLL Arranges Refinancing for The Opal Multifamily Community in West Valley City, Utah

by Amy Works April 6, 2026

WEST VALLEY CITY, UTAH — JLL Capital Markets has secured refinancing for The Opal, an apartment property at 2600 W. 3800 S. in West Valley City. Leon McBroom, Jack Hunsicker and Ellie Savage of JLL arranged the financing for the borrowers, TPG Angelo Gordon and Timberlane Partners. Completed in September 2024, The Opal features 262 studio, one- and two-bedroom apartments. Community amenities include a fitness center overlooking an elevated amenity deck with an outdoor swimming pool and hot tub, pickleball courts and a high-end clubroom. The three- and five-story buildings offer 447 parking spaces across a structured garage and surface lot.

April 6, 2026

Development Loans Top Stories

Partnership Receives $298M in Financing for Redevelopment of Lake Tahoe Hotel

by Taylor Williams April 6, 2026

LAKE TAHOE, NEV. — A partnership between Colorado-based development and investment firm Realberry, operator Proper Hospitality and international real estate firm The KOR Group has received $298 million in financing for the redevelopment of a hotel resort property in Lake Tahoe, a tourist destination located along the California-Nevada border. The project involves the reimagining and conversion of the historic Cal Neva Hotel, which first opened in 1926, into a hospitality and entertainment destination that will be known as Lake Tahoe Proper Resort and Casino. Completion of the redevelopment and the opening of the new hotel are scheduled for 2027. “Cal Neva is one of the most storied hospitality properties in the West, and we feel a deep responsibility to get the execution right with Lake Tahoe Proper,” says Chad McWhinney, CEO of Realberry. “Our focus has been on rigorous restoration, and this financing milestone allows us to continue to thoughtfully reestablish this asset as a premier hospitality destination in Lake Tahoe, balancing preservation and long-term stewardship.” Plans for Lake Tahoe Proper Resort and Casino currently call for 197 guestrooms, suites and private villas, as well as multiple restaurants and bars. In addition to the casino, the property will also feature …

April 6, 2026

Acquisitions Loans Retail Texas

Matthews Arranges Sale of 12,000 SF Academic Building in Leander, Texas

by Taylor Williams April 3, 2026

LEANDER, TEXAS — Nashville-based brokerage firm Matthews Real Estate Investment Services has arranged the sale of a 12,000-square-foot academic building in Leander, a northern suburb of Austin. The building at 441 W Broade St. is leased to Kindercare Learning. Bryce Wong and Patrick Graham of Matthews brokered the deal. The buyer and seller were not disclosed. Matthews also arranged a $5.2 million acquisition loan for the transaction through an undisclosed regional bank.

April 3, 2026

Loans Multifamily Southeast Virginia

Middleburg, HGI Secure Construction Financing for 299-Unit Multifamily Development in Richmond

by Abby Cox April 3, 2026

RICHMOND, VA. — A joint venture between Northern Virginia-based developer Middleburg and affiliates of Harbor Group International (HGI) has secured construction financing for Scottwood, a 299-unit multifamily development located at 4400 W. Broad St. in Richmond. Truist Bank provided an undisclosed amount of financing for the project. Construction is set to commence this month, with initial deliveries anticipated in late 2027. Situated just west of the city’s Scott’s Addition District near Topgolf Richmond, Scottwood will span two four-story buildings, one with 132 units and the other with 167, as reported by Richmond BizSense. Additionally, the project will feature curated courtyards throughout the property and activated amenity spaces along West Broad Street.

April 3, 2026

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