HOUSTON — BMC Capital has arranged $7.7 million in financing for an unnamed multifamily property in Houston. The debt was structured with an interest rate of 6.16 percent, a 54 percent loan-to-value ratio, 10-year term and a 30-year amortization schedule. Keith Van Arsdale led the BMC team on the transaction. The direct lender and borrower were also not disclosed.
NEW YORK CITY — Wells Fargo has provided $250 million in bridge financing for AtlanticBK, a newly delivered, 456-unit multifamily project located at 1057 Atlantic Ave. in the Bedford-Stuyvesant neighborhood of Brooklyn. Units at AtlanticBK, which rises 17 stories and includes 138 affordable residences, come in one-, two- and three-bedroom floor plans. Amenities include a fitness center, lounge, golf simulator, game room, screening room, children’s playroom and a landscaped rooftop deck, as well as 31,000 square feet of ground-floor retail space. Drew Fletcher, Paul Fried and Bryan Grover of Greystone arranged the loan on behalf of the owner, Douglaston Development.
NEW YORK CITY — CBRE has arranged a $28 million loan for the refinancing of a portfolio of five multifamily properties totaling 60 units in Manhattan. The properties, which collectively include seven retail spaces, are located at 301 E. 90th St., 714 Greenwich Ave., 723 11th Ave., 746 9th Ave. and 407 Amsterdam Ave. Shamir Seidman and Jeff Feldman of CBRE arranged the loan on behalf of the owners, Ed and Michael Ostad, which purchased the buildings in 2024 and implemented capital improvements. The direct lender was not disclosed.
GRAND FORKS, N.D. — Bernard Financial Group (BFG) has arranged a $5 million permanent loan for a 55-unit multifamily property in Grand Forks. Joshua Bernard of BFG arranged the loan through a life insurance company. The borrower was a partnership between Holiday Air Owner LLC, Skyline Village Owner LLC and University Heights Owner LLC.
HOUSTON — Greystone has provided a $36.6 million Freddie Mac loan for the refinancing of a 476-unit apartment community in Houston. The name of the property, which was originally built in 1966 and offers one-, two- and three-bedroom units, was not disclosed. The loan was structured with a fixed five-year term and full-term, interest-only payments. The borrower, which was also not disclosed, has invested in capital improvements since acquiring the property, including unit interior renovations and upgrades of building systems. Gill Dolan led the transaction for Greystone.
FORT LAUDERDALE, FLA. — JLL has arranged a $185 million loan for The Main, a 25-story office building located at 201 E. Los Olas Blvd. in downtown Fort Lauderdale. Paul Stasaitis, Geoff Goldstein and Blake Koletic of JLL arranged the floating-rate loan through Nomura on behalf of the borrower, a joint venture between Stiles and Shorenstein Investment Advisors. Delivered in 2020, the LEED Gold-certified building spans 387,401 square feet and features VIP parking, a conference center, fitness center, amenity deck, tenant lounges and onsite restaurants including Moxie’s and Fogo de Chao. The Main was fully leased at the time of financing to tenants including JPMorgan Chase and Raymond James, among others.
BREWSTER, N.Y. — Lincoln Equities Group has received a $106 million bridge loan for the refinancing of a 618,048-square-foot industrial building in Brewster, about 60 miles northeast of New York City. Building B @ Interstate Crossings was completed in 2025 and features a clear height of 40 feet. Peter Rotchford and Christopher Pratt of JLL arranged the loan, which includes a future funding component, through affiliates of Apollo and CenterSquare Investment Management.
POUGHKEEPSIE, N.Y. — Basis Investment Group has provided a $27.5 million bridge loan for the refinancing of Plaza 44, a 168,000-square-foot, grocery-anchored shopping center in Poughkeepsie, located north of New York City. Regional grocer Stop & Shop anchors the center, and Ross Dress for Less plans to open a 23,000-square-foot store at Plaza 44 before the end of the year. The borrower, Capstone Realty Group, plans to reposition the center and market the property for sale over the course of the ensuing 24-month period.
LEVITTOWN, PA. — Largo Capital, a financial intermediary based in upstate New York, has arranged a $17.6 million loan for the refinancing of Country Manor Apartments, a 200-unit multifamily property in Levittown, located along the Pennsylvania-New Jersey border. The property offers one- and two-bedroom units. Amenities include a pool, playground, courtyard, fitness center and onsite laundry facilities. Neal Colligan of Largo Capital arranged the loan. The names of the direct lender and borrower were not disclosed.
RENO, NEV. — Gantry has arranged a $17.8 million permanent loan to refinance North Reno Plaza, a 130,000-square-foot neighborhood center in Reno. Tony Kaufmann and Alex Poulos of Gantry represented the borrower, a private real estate investor, in securing the five-year, fixed-rate loan through one of Gantry’s lenders. The new loan, which features a 30-year amortization schedule, will retire the construction debt Gantry previously arranged for the borrower for the 2024 repositioning of North Reno Plaza. The recent renovation features various center improvements, including the addition of several new tenants such as El Super Supermarket, a freestanding Starbucks with a drive-thru and Burlington. North Reno Plaza also features a roster of fast food restaurants, professional services and fitness businesses.