Loans

JLL Arranges $210M Refinancing for Grand Hyatt Indian Wells Resort & Villas in California

by Amy Works October 15, 2026

INDIAN WELLS, CALIF. — JLL has arranged $210 million in refinancing for the Grand Hyatt Indian Wells Resort & Villas, a luxury resort situated on 45 acres at 44600 Indian Wells Lane in Indian Wells. Mike Huth, Jade Lewin and Kevin Davis of JLL Capital Markets secured the five-year, floating-rate SASB CMBS loan through Citi for the borrower, Trinity Investments. Situated in Coachella Valley, Grand Hyatt Indian Wells Resort & Villas features 531 accommodations, including 449 guest rooms, 39 suites and 43 villas, and more than 88,000 square feet of indoor and outdoor meeting and event space. Additionally, the villa collection provides outdoor living areas and dedicated guest services. Resort amenities include nine pools, a destination water park with waterslides and a lazy river, a 30,000-square-foot Agua Serena Spa & Wellness center, six food-and-beverage venues, tennis and pickleball courts, a fitness center and preferred access to the adjacent Indian Wells Gold Resort. Grant Hyatt Indian Wells Resort & Villas recently underwent a $62 million renovation and conversion to the Grand Hyatt flag. The property is a AAA Four Diamond resort.

October 15, 2026

California Development Loans Mixed-Use Multifamily Retail Western

Lincoln Property Co., McCourt Partners Receive $132.7M Construction Loan for Culver City Multifamily Project

by Amy Works October 15, 2026

CULVER CITY, CALIF. — Lincoln Property Co. and McCourt Partners have received $132.7 million in construction financing from Bank OZK for ElevenOneEleven, a multifamily development in Culver City. Lou Friedel and Keith Rosso of Berkadia arranged financing on behalf of Lincoln and McCourt. Situated on 3.4 acres at 11111 Jefferson Blvd., ElevenOneEleven will feature a six-story development comprising 344 residences, including 52 affordable units, along with 2,000 square feet of retail space and 17,520 square feet of publicly accessible outdoor space. Additionally, ElevenOneEleven will include two full floors of residential amenities and 500 parking spaces. The project team includes KFA Architecture as architect and Kimley-Horn as civil engineer. Construction is slated to commence in the fourth quarter of 2026.

October 15, 2026

Loans Retail Texas

MMCC Arranges $23.4M in Acquisition Financing for Travel Center in Mercedes, Texas

by Taylor Williams October 14, 2026

MERCEDES, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged $23.4 million in acquisition financing for a 2,920-square-foot travel center in Mercedes, located in South Texas’ Hidalgo County. The address was not disclosed, but the facility is located off East I-2. Ron Balys of MMCC arranged the 10-year loan, which carried a 6.75 percent interest rate and a 70 percent loan-to-value ratio, through an undisclosed national credit union. The borrower was also not disclosed.

October 14, 2026

Development Loans Multifamily New York Northeast

Walker & Dunlop Arranges $203M Construction Loan for Manhattan Multifamily Project

by Taylor Williams October 14, 2026

NEW YORK CITY — Walker & Dunlop has arranged a $203 million construction loan for 50 Third Avenue, a 184-unit multifamily project that will be located in Manhattan’s East Village. The 17-story building will include 37 affordable housing units that will be reserved for households earning 80 percent or less of the area median income, as well as 12,529 square feet of ground-floor retail space. Amenities will include a fitness center with a yoga studio, sauna and cold plunge, a golf simulator, coworking space, resident lounge and multiple terraces. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer and Sean Bastian of Walker & Dunlop arranged the floating-rate, interest-only loan through Ironsand. The borrower is a joint venture between SK Development and Kinsmen Property Group.

October 14, 2026

Illinois Loans Midwest Multifamily

Northmarq Provides $24.7M Refinancing for Chicago Apartment Community

by Kristin Harlow October 14, 2026

CHICAGO — Northmarq has provided $24.7 million in refinancing for Reside on Jackson, a 93-unit apartment community in Chicago. Kevin McCarthy of Northmarq arranged the Fannie Mae financing on behalf of the borrower, Newcastle Investors. Built in 2016, the property offers a mix of one- and two-bedroom units. Amenities include a resident rooftop with grills, bicycle storage, a 24-hour concierge and 24-hour emergency maintenance.

October 14, 2026

Loans Multifamily New York Northeast

CrownGuard Capital Provides $15.5M in Financing for Multifamily Repositioning Project in Rochester

by Taylor Williams October 14, 2026

ROCHESTER, N.Y. — CrownGuard Capital, a Los Angeles-based commercial lender, has provided $15.5 million in bridge and construction financing for a 95-unit multifamily repositioning project in Rochester. The address of the property was not disclosed, but the redevelopment will cover unit interiors, utility and mechanical systems, building exteriors and common areas. Larkin Cody and Robert Miller of CrownGuard originated the financing, which included an $8 million Commercial Property Assessed Clean Energy (C-PACE) component. The sponsor was also not disclosed.

October 14, 2026

Florida Georgia Loans Multifamily Southeast Top Stories

JLL Arranges $463M in Bridge Financing for Thompson Thrift’s Eight-Property Multifamily Portfolio

by Kristin Harlow October 14, 2026

CHICAGO — Chicago-based JLL Capital Markets has arranged $463 million in bridge financing for Thompson Thrift’s eight-property multifamily portfolio comprising 2,412 Class A apartment units across Florida, Georgia and Arizona. JLL secured the floating-rate construction take-out loan through Barings. The portfolio includes: Floor plans average 1,023 square feet. Unit interiors feature gourmet kitchens with stainless steel appliances, quartz or granite countertops, smart home technology, full-size washers and dryers, and private balconies or patios. Examples of amenities include fitness centers, resort-style pools, resident social hubs with coffee bars, pickleball courts, dog parks with pet spas, business centers and outdoor spaces. Danny Kaufman, Medina Spiodic, Mark Gibson and Matthew Lawton of JLL arranged the loan on behalf of Thompson Thrift. Daniel Hedgepeth of Barings originated the financing. With offices in Indianapolis and Terre Haute, Ind., Denver, Houston and Phoenix, Thompson Thrift develops, constructs, leases and manages multifamily communities. The firm has developed more than $7.9 billion in ground-up real estate projects across 25 states. — Kristin Harlow

October 14, 2026

California Loans Office Top Stories Western

Anderson Real Estate Completes $550M Refinancing for Two Office Towers in Los Angeles

by John Nelson October 13, 2026

LOS ANGELES — Anderson Real Estate, a private, family-owned real estate development and management firm, has completed the $550 million refinancing of Anderson Towers, the company’s two-building office campus in Los Angeles’ Century City neighborhood. Eastdil Secured Savills arranged the financing on behalf of Anderson. Wells Fargo served as primary lender and servicer, while JPMorgan Chase was secondary lender in the refinancing. Legal counsel for the transaction included Allen Matkins for Anderson Real Estate and Hogan Lovells Cadwalader for the lenders. Since 2021, Anderson Real Estate has invested more than $300 million into renovations at Anderson Towers, which is located at 1800 and 1900 Avenue of the Stars. “We’ve invested in Anderson Towers because we believe deeply in the long-term strength of Century City and in creating office environments that will continue to attract leading companies to Los Angeles,” says Matt Lavin, executive chairman of Anderson Real Estate. “This financing represents another important milestone for Anderson Towers and underscores our long-term commitment to these properties and the broader Los Angeles community.” Anderson Real Estate completed its comprehensive renovations at Anderson Towers last year. David Montalba of Montalba Architects and Dillon Diers of OJB Landscape Architecture led the redesign, which included modernized …

October 13, 2026

Affordable Housing Development Loans Southeast Virginia

Merchants Capital Arranges $97.8M in Financing for Affordable Housing Project in Newport News, Virginia

by Abby Cox October 12, 2026

NEWPORT NEWS, VA. — Merchants Capital has arranged $97.8 million in financing for the rehabilitation of Stuart Gardens, a 491-unit affordable housing property located in Newport News. Merchants Capital secured a $62.8 million HUD 221(d)(4) loan and $35 million in equity bridge loans provided by Merchants Bank, an affiliate of Merchants Capital. Stuart Gardens’ capital stack also includes low-income housing tax credit (LIHTC) equity, federal and state historic tax credits and Green and Resilient Retrofit Program (GRRP) financing via HUD for energy efficient improvements. The current owner and developer, Vitus Group, is leading the rehabilitation of the property, which will include exterior improvements like a new playground, connections to an adjacent park and walking path, and fresh roofing, siding and exterior doors and windows. In-unit repairs will include the replacement of existing flooring, updated appliances, new kitchen cabinetry and updated bathrooms. Stuart Gardens comprises 109 two-story buildings. All residential units are reserved for families earning 60 percent of the area median income (AMI) under a Section 8 Housing Assistance Payment (HAP) contract. Built in 1941 by the Defense Homes Corp. during World War II, the property has been designated as a historic property by the Virginia Board of Historic Resources. Upon …

October 12, 2026

Loans Multifamily Texas

JLL Arranges Loan for Refinancing of 300-Unit Apartment Community in Northwest Dallas

by Taylor Williams October 9, 2026

DALLAS — JLL has arranged a loan of an undisclosed amount for Standard at Royal Lane, a 300-unit apartment community in northwest Dallas. The newly constructed property sits on a 12.4-acre site and offers one-, two-, three- and four-bedroom units, with some apartments being subject to income restrictions. Amenities include two pools, dual fitness centers, a business centers and a theater room. Kyle Spencer, Dan Kearns, Christian Johnston and Aidan Flanagan of JLL arranged the loan through TPG Real Estate Credit on behalf of the owner, LDG Development.

October 9, 2026

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