Loans

Seachange Partners Receives $15.6M in Construction Financing for Two Affordable Housing Projects in Los Angeles

by Amy Works May 19, 2026

LOS ANGELES — Seachange Partners has received $15.6 million in nonrecourse construction financing for two affordable multifamily developments in Los Angeles. Keith Rosso and Jeremy Kanter of Berkadia arranged the financing through Genesis Capital, a private Los Angeles-based residential construction lender. Located at 1723 Corinth Ave. and 3751 Delmas Terrace, the two five-story properties will deliver a combined 79 units of deed-restricted affordable housing. Construction is underway, with completion slated for 2027. Seachange Partners was founded in 2024 by Kyle Jenkins and Cameron Whiting. To date, the firm has initiated four affordable housing development projects in the greater Los Angeles area. The Corinth Avenue and Delmas Terrace developments are Seachange’s inaugural projects.

May 19, 2026

Loans Multifamily New York Northeast Top Stories Walker & Dunlop

Naftali, Access Real Estate Secure $374M Refinancing for Waterfront Multifamily Community in Brooklyn

by Abby Cox May 19, 2026

NEW YORK CITY — Locally based developer Naftali Group, along with Access Real Estate, the real estate investment arm of Access Industries, has secured $374 million in refinancing for Phase I of Williamsburg Wharf, an 850-unit multifamily project under development in Brooklyn. Upon completion, Williamsburg Wharf will comprise five 22-story luxury towers consisting of 850 residences, with a mix of condos and rental homes. The property will span approximately 1 million square feet. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Ari Hirt and Stanley Cayre of Walker & Dunlop arranged the financing through Barings to refinance Two, Three and Four Williamsburg Wharf. Since opening last summer, more than 90 percent of the roughly 500 apartments are leased. One Williamsburg Wharf, the project’s condominium component, has also welcomed residents. “Williamsburg Wharf offers truly unprecedented waterfront living in New York City, and we’re thrilled to see our vision come to life and how quickly renters and buyers have embraced it,” says Miki Naftali, CEO and chairman of Naftali Group. “We remain incredibly optimistic about the long-term future of this development and our role in the continued evolution of the Williamsburg waterfront.” Each building offers private entrances and …

May 19, 2026

Industrial Loans Texas

Foss Real Estate Arranges $7M in Bridge Financing for Arlington Industrial Property

by Taylor Williams May 18, 2026

ARLINGTON, TEXAS — Local financial intermediary Foss Real Estate Partners has arranged $7 million in bridge financing for Oakhollow Business Park, an 84,469-square-foot industrial property in Arlington. According to a property brochure on LoopNet Inc., Oakhollow Business Park was built on a 5.5-acre site in 1984 and renovated in 2020. The loan was structured with a 70 percent loan-to-cost ratio and a fixed interest rate of 6.5 percent. The borrower and direct lender were not disclosed.

May 18, 2026

California Development Loans Multifamily Office Western

Silicon Valley Initiative Partnership Receives $74.1M in Financing for Office-to-Residential Conversion Project in San Jose

by Amy Works May 18, 2026

SAN JOSE, CALIF. — Silicon Valley Initiative Partnership has received $74.1 million in financing for the conversion of the historic Bank of Italy building, located at 12 S. 1st St. in downtown San Jose, into a mixed-use residential and retail property. Deutsche Bank provided the financing. Originally constructed in 1926, the 13-story office tower will be transformed into a 126,000-square-foot multifamily and commercial space. The residential portion will feature 109 studio, one- and two-bedroom, market-rate apartments complemented by a fitness center, lounge and an outdoor terrace. Dave Karson, Chris Moyer, Alex Lapidus and Chris Meloni of Cushman & Wakefield arranged the financing on behalf of of the borrower.

May 18, 2026

Loans Multifamily New York Northeast

Dermot Co. Receives $355M Loan for Refinancing of Upper Manhattan Apartment Tower

by Taylor Williams May 18, 2026

NEW YORK CITY — The Dermot Co., a locally based owner-operator, has received a $355 million loan for the refinancing of 21 West End Avenue, a 616-unit apartment tower on Manhattan’s Upper West Side. Dermot completed the 48-story building, which includes 127 affordable housing units, in 2016. Residences come in studio, one-, two- and three-bedroom floor plans, and amenities include an indoor pool, fitness center, resident lounge, game room, rooftop terrace, children’s playroom and a pet run. Mizuho Americas provided the financing, specific terms of which were not disclosed.

May 18, 2026

Florida Loans Southeast Student Housing

Walker & Dunlop Provides $53.7M Agency Refinancing for Student Housing Community in Daytona Beach

by John Nelson May 14, 2026

DAYTONA BEACH, FLA. — Walker & Dunlop has provided a $53.7 million Freddie Mac loan for the refinancing of OnShore, a 636-bed student housing community located near Embry-Riddle Aeronautical University in Daytona Beach. Delivered in 2020, the community offers 210 units alongside shared amenities including a fitness center, study areas, an infinity pool and a flight simulator. Will Baker, Mike Shropshire, William Shell and Doug McDaniel of Walker & Dunlop originated the seven-year, floating-rate loan with a four-year interest-only period on behalf of the borrower, a partnership between L3 Campus and Aureon Partners. Austin Kinn of TSB Capital Advisors also consulted on the transaction on behalf of the borrower.

May 14, 2026

Development Hospitality Loans Maryland Southeast

MCEC Closes $43M C-PACE Loan for Marriott Downtown Frederick Hotel in Maryland

by John Nelson May 14, 2026

FREDERICK, MD. — The Maryland Clean Energy Center (MCEC) has closed a $43 million loan for the development of the Marriott Downtown Frederick at Carroll Creek, a 204-room hotel underway in downtown Frederick. The Maryland Property Assessed Clean Energy (MDPACE) transaction represents the largest C-PACE loan in Maryland to date, according to MCEC, which is the administrator of the MDPACE program. Nuveen Green Capital provided the 30-year, fixed-rate financing on behalf of the locally based developer, Plamondon Hospitality Partners. The C-PACE financing will fund sustainable initiatives at the property including advanced insulation, roofing, windows, HVAC systems, LED lighting, low-flow water fixtures and hot water systems. The Marriott Downtown Frederick at Carroll Creek will be situated on 2.2 acres at 20 S. Carroll St. and feature more than 20,000 square feet of conference and event space, including a rooftop terrace and flexible indoor-outdoor venues. The hotel will also have two restaurants (one creekside and one rooftop bar and restaurant), a lobby bar and a coffee shop and market. The hotel’s target opening date was not released.

May 14, 2026

Development Loans Mixed-Use Texas

Oak Street Capital Arranges $15M Construction Loan for Mixed-Use Project in Taylor, Texas

by Taylor Williams May 14, 2026

TAYLOR, TEXAS — Oak Street Capital, an Austin-based financial intermediary, has arranged a $15 million construction loan for a mixed-use project that will be located in the Central Texas city of Taylor. The site is located along Second Street, and the project will be an 82-unit condo and retail development. Brian Hampton led the Oak Street Capital team on the debt placement. The lender was First Bank of The Southwest, and the borrower was Metropolitan Development Co. A groundbreaking ceremony took place on March 25.

May 14, 2026

Acquisitions Loans Michigan Midwest Multifamily

SF Capital Group Arranges $32M Acquisition Loan for Michigan Multifamily Property

by Kristin Harlow May 14, 2026

SHELBY TOWNSHIP, MICH. — SF Capital Group has arranged a $32 million loan for the acquisition of a 368-unit multifamily property in Shelby Township. Ryan Denomme of SF Capital arranged the nonrecourse bridge loan, which features three years of interest-only payments and future funding commitments. The undisclosed borrower plans to execute a property improvement and unit renovation plan.

May 14, 2026

Development Loans Multifamily Student Housing Texas

Elevate Development Receives $116M in Financing for Student Housing Project Near Texas State University

by Taylor Williams May 13, 2026

SAN MARCOS, TEXAS — Elevate Development Partners has received $116 million in acquisition and construction financing for the development of a 759-bed student housing community near Texas State University in San Marcos. The 260-unit project is being developed in partnership with Flintco. S3 Capital provided financing for the development, which will span 280,124 square feet. Shared amenities are set to include a social lounge, bicycle room, package room, resort-style pool, yoga and wellness room, fitness center, study lounges and conference rooms. Preiss has been tapped to manage the community upon completion. Sean Reimer, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz and Dustin Stolly of Walker & Dunlop arranged the financing on behalf of the developer.

May 13, 2026

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