Loans

JLL Arranges $135M in Construction Financing for Yonkers Multifamily Project

by Taylor Williams October 30, 2026

YONKERS, N.Y. — JLL has arranged $135 million in construction financing for The Ibex at Ridge Hill, a 282-unit multifamily project that will be located north of New York City in Yonkers. The financing consists of a $93 million construction loan from Bank OZK and $42 million in equity from Eagle Realty Group. Evan Pariser, Aaron Niedermayer and John Lowe of JLL arranged the financing on behalf of the sponsor, a partnership between Saber-Hightower and Rafferty Real Estate. The Ibex at Ridge Hill will be a 17-story building with 254 market-rate units and 28 affordable housing units, as well as 423 parking spaces and 5,000 square feet of ground-floor retail space. Information on floor plans was not disclosed. Amenities will include a pool, fitness center with a yoga studio, residential and coworking lounges, rooftop deck and a 17th-floor sky lounge. Beyer Blinder Belle and ESG | Architecture & Design are the project architects, and Callahan Construction Managers in the general contractor.

October 30, 2026

Development Loans Multifamily New Jersey Northeast

PCCP Provides $130M Construction Loan for Newark Multifamily Project

by Taylor Williams October 29, 2026

NEWARK, N.J. — Los Angeles-based PCCP LLC has provided a $130 million senior construction loan for a 501-unit multifamily project in Newark. The project represents Phase II of a larger development known as Ballantine and will consist of 400 market-rate units and 101 affordable housing units, as well as a 57,500-square-foot Food Bazaar grocery store, within a seven-story building. Residences will come in studio, one-, and two-bedroom floor plans, and amenities will include a fitness center with a yoga studio, two courtyards, a pool, basketball court and coworking space. The borrower, a joint venture between Bogopa Enterprises and Shorewood Real Estate Group, expects to complete the project in late 2028.

October 29, 2026

California Development Loans Multifamily Western

Truist Provides $152M Construction Loan for Marina Shores Multifamily Project in Long Beach

by Amy Works October 29, 2026

LONG BEACH, CALIF. — Truist has closed a $152 million construction loan for Marina Shores, an apartment community at 6615 E. Pacific Coast Highway in Long Beach. Carmel Properties is developing the asset. The six-story project will convert an office complex and surface lot into a mixed-income community with 390 apartments and approximately 5,400 square feet of ground-floor retail space. Construction began in October, with completion slated for March 2029. Truist served as administrative agent and sole bookrunner on the development loan. Jason Paxton and Walt Reece led the transaction.

October 29, 2026

California Loans Retail Western

Gantry Secures $31M Refinancing for Value-Add Retail Property in Southern California

by Amy Works October 29, 2026

LANCASTER, CALIF. — Gantry has secured a $31 million permanent refinance for the Valley Central Shoppes, located at 44410-44690 Valley Central Way in Lancaster. Tony Kaufmann, Jake Davis and Ramza Zeiter of Gantry represented the borrower, a private real estate investor. The 10-year, fixed-rate, nonrecourse loan was secured from one of Gantry’s insurance company correspondents. Gantry will service the loan for the lender. The 174,000-square-foot inline center is part of a master-planned retail power center cluster and shadow anchored by a Walmart Supercenter and a Food 4 Less. Additional tenants includes Boot Barn, Staples, Marshalls, Five Below, Planet Fitness, Starbucks Coffee, Jersey Mike’s Subs, Black Angus Steakhouse, Ulta, Sally Beauty Supply, Lenscrafters, Calidental, America’s Tire Co. and additional entertainment, restaurant and necessities retailers.

October 29, 2026

Alabama Florida Industrial Loans Maryland North Carolina Southeast Texas Top Stories

Adler Real Estate Partners Receives $212.8M Refinancing for Sun Belt Industrial Portfolio

by Hayden Spiess October 29, 2026

MIAMI — Adler Real Estate Partners has received a $212.8 million loan for the refinancing of an eight-property industrial portfolio spanning several states in the Southeast and Texas. Together, the properties total 43 buildings and roughly 1.6 million square feet in Alabama, Florida, Maryland, North Carolina and Texas, located in markets including Austin, Dallas-Fort Worth, South Florida, Charlotte, Birmingham and the Baltimore-Washington corridor. The collection includes multi-tenant business parks and light industrial assets. At the time of financing, the properties were leased to more than 115 tenants within 22 industries, including the medical and pharmaceutical, building services, manufacturing, technology, professional services, healthcare and logistics industries. The average tenant tenure across the portfolio is 10.5 years. Melissa Rose, Michael DiCosimo, Jack Britton, Kate Rathman, Nicole Diaz and Magnus Kron of JLL Capital Markets secured the financing on behalf of the borrower. An undisclosed life insurance company provided the loan. Based in Miami, Adler Real Estate Partners specializes in acquiring and operating multi-tenant light industrial properties throughout the United States. This transaction marks the second major recapitalization for the company this year. In July, Adler secured a $343 million refinancing for a portfolio of light industrial assets, including $140 million in equity and …

October 29, 2026

Loans Multifamily Northeast Pennsylvania

CBRE Arranges $85M in Financing for Apartment Community in Downingtown, Pennsylvania

by Taylor Williams October 28, 2026

DOWNINGTOWN, PA. — CBRE has arranged $85 million in financing for Mi-Place at Downingtown, a 318-unit apartment community located on the western outskirts of Philadelphia. The property features one-, two- and three-bedroom units and amenities such as a pool, clubhouse, fitness center, pickleball courts and a dog park. Matthew Klauer and Cassandra Russell of CBRE arranged the loan through Barings on behalf of the owner, Fernmoor Homes.

October 28, 2026

Loans Multifamily Nevada Western

Dwight Investment Management Provides $73M Bridge Loan for Reno Multifamily Community

by Amy Works October 28, 2026

RENO, NEV. — Dwight Investment Management, an affiliate of Dwight Capital, has closed a $73 million bridge refinancing for Ballpark Apartments in Reno. Brandon Baksh, Tommy Ng and Talisse Thompson of Dwight Investment Management originated the loan on behalf of the borrower, a joint venture between Bridge Investment and Pacific Development. Loan proceeds were used to refinance existing senior debt, fund an interest reserve, cover transaction costs and return equity to the borrower. The 486,000-square-foot Ballpark Apartments community spans a city block in downtown Reno. The five-story property features 368 apartments, a pool, spa, 24-hour fitness center and a rooftop lounge overlooking Greater Nevada Field, a minor league baseball venue.

October 28, 2026

Development Loans Multifamily New Jersey Northeast Top Stories

PCCP Provides $163.9M Construction Loan for Multifamily Development in Paramus, New Jersey

by Kristin Harlow October 28, 2026

PARAMUS, N.J. — PCCP has provided a $163.9 million senior loan to a joint venture between Russo Development and Kushner Real Estate Group for the construction of The Paramus Chapter, a 426-unit multifamily project in suburban New York City. The joint venture acquired the land in May 2025. Construction began in July 2026, and completion is slated for the fourth quarter of 2028. The Paramus Chapter will consist of two four-story buildings over concrete podiums with 810 parking spaces and approximately 5,300 square feet of ground-floor retail space. Both buildings will have separate entrances, parking and amenities. Building A will include 166 units, comprising 138 market-rate apartments and 18 affordable units. Amenities will include an outdoor pool, 2,200-square-foot gym, game room, theater, karaoke lounge, sports simulator, rentable party room, dog run and 3,400 square feet of coworking space. Building B will feature 260 units, comprising 222 market-rate residences and 38 affordable units. Amenities will include a full-time concierge, leasing center, 2,800-square-foot gym, chef’s kitchen, gardening room and two outdoor courtyards. The project site is directly adjacent to Bergen Town Center, which features more than 1 million square feet of retail space anchored by Whole Foods Market and Target. PCCP, a …

October 28, 2026

Colorado Loans Multifamily Western

JLL Arranges $333.3M Refinancing for 1,184-Unit Multifamily Portfolio Near Denver

by Amy Works October 27, 2026

DENVER — JLL Capital Markets has arranged $333.3 million in bridge financing for Palomino Park, a 1,184-unit multifamily portfolio located in Highlands Ranch, an unincorporated, master-planned community 12 miles south of Denver. Greystar provided the floating-rate loan for the borrower, a real estate fund advised by Crow Holdings Capital. The financing, which includes $325 million at initial funding and $8.3 million in future funding for unit renovations, retired existing loans and provides capital for continued value-add projects across the three-community portfolio. The portfolio includes: The communities are anchored by the Colorado Club, a 26,000-square-foot central amenity facility with a resort-style pool, a gym with regulation basketball court and racquetball courts, a full-service bar and resident gathering areas. Additionally, the facility is surround by a 17-acre park with three tennis courts, two full-size sports fields and a playground. Since acquiring the assets in 2021, the borrower has invested significant capital in various interior and exterior capital improvements across each community. Trey Morsbach, Campbell Roche, Tony Nargi, Jarrod McCabe, Jordan Buck and Scott Cole of JLL represented the borrower in the financing.

October 27, 2026

California Hospitality Loans Western

CBRE Secures $32.8M Refinancing for Hilton Garden Inn Hotel in Cupertino, California

by Amy Works October 27, 2026

CUPERTINO, CALIF. — CBRE has arranged a $32.8 million loan for the refinancing of the Hilton Garden Inn Cupertino, located at 10741 N. Wolfe Road in Cupertino. Mike Walker, Brad Zampa, Andy Gross and Pierson Souza of CBRE arranged the financing on behalf of ownership, a partnership between Heil & Associates and Terracommercial. Built in 1988, the five-story hotel features 164 guest rooms totaling 100,110 square feet on 2.7 acres. Hotel amenities include Pavilion Cafe serving breakfast and dinner, a 24-hour Pavilion Pantry market, an outdoor pool and spa, a fitness center, guest laundry facilities, 1,650 square feet of flexible meeting space, complimentary parking and weekday shuttle service within a three-mile radius. Heil Associates and Terracommercial have owned and operated the Hilton Garden Inn Cupertino since acquiring the asset in 2007.

October 27, 2026

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