Loans

Mesa West Capital Funds $82.5M Loan for Refinancing of Apartment Community in Everett, Washington

by Amy Works June 25, 2026

EVERETT, WASH. — Mesa West Capital has funded an $82.5 million first mortgage loan to a joint venture between Harrison Street Asset Management and Security Properties to refinance Olin Fields, a garden-style multifamily property in Everett. Josh Westerberg and JJ McMahon of Mesa West Capital led the transaction for Mesa West. Jesse Weber, Scott Williams and Kevin Coyle of CBRE’s San Francisco office arranged the five-year, nonrecourse financing for the borrower. Built on 16 acres, Olin Fields features 352 one-, two- and three-bedroom apartments spread across 21 residential buildings. Units feature in-unit washers and dryers, stainless steel appliances, digital thermostats, quartz countertops, wood burning fireplaces and private patios in select units. Community amenities include a fitness center, indoor basketball court, indoor and outdoor pools, outdoor lounge with fire pits and barbecue stations, a dog park, playground and 24-hour package lockers. Since acquiring the asset in 2022, the sponsor has invested in exterior improvements and renovations to 76 units. A portion of the loan proceeds will be used to complete the remaining interior upgrades.

June 25, 2026

Loans Multifamily Oregon Western

Dwight Capital Provides $39M HUD Loan for Apartment Complex in Oregon City, Oregon

by Amy Works June 25, 2026

OREGON CITY, ORE. — Dwight Capital, on behalf of Pahlisch Commercial, has provided a $39 million HUD loan for the refinancing of Timberview Apartments in Oregon City. Andrew Tichy led the transaction for Dwight Capital, which McBride Capital arranging the debt. Loan proceeds, which were secured through HUD’s 223(f) program, will be used to retire a bridge loan provided by Dwight Mortgage Trust, cover closing costs and establish a replacement reserve account for future capital improvements. Situated on 7 acres, Timberview Apartments features 174 units. The community consists of three buildings with 141 single-story units and seven buildings with 33 townhome units and attached single-car garages. Units feature stainless steel appliances, quartz countertops, full-size washers and dryers and private patios or balconies. Onsite amenities include a single-story clubhouse with a leasing office, six detached garage buildings, pool with a sundeck, fitness center, resident lounge with a fireplace, bike repair and wash station, dog wash and a playground.

June 25, 2026

Loans Michigan Midwest Multifamily

Bernard Financial Group Arranges $7M Loan for Refinancing of Michigan Multifamily Property

by Kristin Harlow June 25, 2026

TAYLOR, MICH. — Bernard Financial Group has arranged a $7 million permanent loan for the refinancing of a 236-unit multifamily property in Taylor, about 16 miles southwest of downtown Detroit. Joshua Bernard arranged the loan through a life insurance company on behalf of the borrower, Taylor Park Apartments LP.

June 25, 2026

Affordable Housing Development Loans Multifamily New York Northeast Top Stories

Developers Receive $785M Financing Package for Residential Project in Brooklyn

by Hayden Spiess June 25, 2026

NEW YORK CITY — Charney Cos., Tavros and Incoco Capital have received $785 million in construction financing for the development of 175 Third Street, the fifth building at the $1 billion Gowanus Wharf campus in Brooklyn. Apollo and Affinius Capital are providing $600 million in debt, and RXR is providing $185 million in equity. Christopher Peck, Peter Rotchford and Nicco Lupo of JLL secured the financing on behalf of the borrowers. Upon completion, 175 Third Street will mark the largest building at the development, which is situated within the Gowanus area of Brooklyn. Charney and Tavros purchased the site in May for $160 million. The residential building will total roughly 1.1 million square feet across 27 stories and will house approximately 1,100 units. Of the residences, 25 percent will be designated as permanently affordable housing. Bjarke Ingels Group designed the property, which will also feature a 28,000-square-foot public waterfront esplanade in collaboration with the New York City Department of Parks & Recreation. Additionally, Life Time has signed an 85,000-square-foot lease at the building for a three-story fitness club and spa. “Securing this financing with Apollo, Affinius and RXR validates both the strength of 175 Third Street and our long-term commitment to this …

June 25, 2026

Acquisitions Loans Retail Texas

CBRE Arranges Acquisition Financing for 353,000 SF Retail Property in San Antonio

by Taylor Williams June 24, 2026

SAN ANTONIO — CBRE has arranged an undisclosed amount of acquisition financing for The Legacy, a 353,000-square-foot retail property in San Antonio. Built on 32 acres in 2006, The Legacy is home to tenants such as Main Event Entertainment, Best Buy and Buffalo Wild Wings. John Fenoglio and Brock Hudson of CBRE arranged the financing on behalf of the owner, a partnership between San Diego-based Rio Capital Investments and Triangle Capital Group. The direct lender was not disclosed. Barry Brown, Whitney Snell and Shea Petrick of JLL represented the seller, Santikos Real Estate Services, in the disposition.

June 24, 2026

Loans Multifamily Texas

Lument Provides $14.4M Agency Acquisition Loan for Northwest Houston Multifamily Property

by Taylor Williams June 24, 2026

HOUSTON — Lument has provided a $14.4 million Fannie Mae acquisition loan for Aspen Forest, a 144-unit, garden-style multifamily property in northwest Houston. Built in 1985 and renovated in 2020, Aspen Forest comprises 36 buildings that exclusively house two-bedroom units. Ted Nasca of Lument originated the loan, which carries a fixed interest rate, five-year term with partial interest-only payments and a 30-year amortization schedule. The borrower is Cube Equity Group.

June 24, 2026

Development Loans Michigan Midwest Mixed-Use Retail

Michigan Strategic Fund Approves $270.7M Plan for Redevelopment of Former Lakeside Mall

by Kristin Harlow June 24, 2026

STERLING HEIGHTS, MICH. — Gov. Gretchen Whitmer and the Michigan Strategic Fund Board have approved a $270.7 million Transformational Brownfield Plan (TBP) to support the redevelopment of the former Lakeside Mall site in Sterling Heights. The proposed plan includes roughly 1,545 residential units across nine multifamily buildings ranging in size from four to five stories, including a building targeted at residents over 55 years of age. Additionally, the project will add 154,007 square feet of new retail space, a central community park and green space and a mix of parking lots and street parking for residents and visitors. When complete, the project is estimated to result in $621 million in total capital investment. Aside from participating in tax revenue capture to support the redevelopment plan, the City of Sterling Heights intends to proceed with a bond issuance of approximately $27.6 million to assist in the cost of the infrastructure. The total TBP incentive package will be reimbursed over 30 years. The developer, Lakeside OOTB Ventures LLC, is a subsidiary of Lionheart Capital. Lakeside Mall closed in July 2024.

June 24, 2026

Loans Michigan Midwest Multifamily

BWE Arranges $37M Bridge Loan for Apartment Building in Kalamazoo, Michigan

by Kristin Harlow June 24, 2026

KALAMAZOO, MICH. — BWE has arranged a $37 million bridge loan for The Exchange, a 15-story apartment building in Kalamazoo. BWE’s Chris Carroll, Cathy Bronkema and Max Miller originated the financing from a debt fund on behalf of the borrower, a local commercial and residential property developer. Delivered in December 2020, The Exchange features ground-floor retail space, structured parking and luxury apartment units. Amenities include a roof deck, outdoor patio, fitness center, clubroom, package handling room and bike storage.

June 24, 2026

Development Loans Mixed-Use New York Northeast

JLL Arranges $26M in Construction Financing for Buffalo Mixed-Use Project

by Taylor Williams June 24, 2026

BUFFALO, N.Y. — JLL has arranged $26 million in construction financing for Heritage Point, a mixed-use project in Buffalo’s Canalside district that will consist of 61 apartments and 30,000 square feet of commercial space across two six-story buildings. The financing comprises a $14.8 million senior construction loan from national lender X-Caliber and $11.2 million of Commercial Property Assessed Clean Energy (C-PACE) financing from its affiliate, CastleGreen Finance. Jillian Mariutti led the JLL team that arranged the financing on behalf of the developer, Sinatra & Co., which expects to deliver Heritage Point in the third quarter of next year.

June 24, 2026

Loans Mixed-Use Texas

Berkadia Arranges $124.6M Loan for Refinancing of Irving Mixed-Use Property

by Taylor Williams June 23, 2026

IRVING, TEXAS — Berkadia has arranged a $124.6 million loan for the refinancing of Alesio Urban Center, a mixed-use property in Irving’s Las Colinas district that consists of 908 apartments and 55,499 square feet of commercial space. Developed on 17.3 acres in phases between 1987 and 1995, Alesio Urban Center comprises 14 residential buildings, a structured parking garage and 23 commercial spaces. Residences come in one-, two- and three-bedroom floor plans, and amenities include five pools, a fitness center with yoga and Pilates studios, a business center, game lounge, running trail and a media/theater room. Blackstone provided the loan to the owner, Harbor Group International. Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez led the debt placement efforts for Berkadia.

June 23, 2026

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