Loans

Dwight Mortgage Trust Provides $53M Refinancing for South Banks Apartments in Knoxville

by John Nelson October 22, 2025

KNOXVILLE, TENN. — Dwight Mortgage Trust has provided a $53 million bridge loan for the refinancing of South Banks, a 230-unit, garden-style apartment community located in Knoxville. The community, which comprises 118 one-bedroom apartments and 112 two-bedroom units, is situated along the Tennessee River near downtown Knoxville and the University of Tennessee. The property also features 3,000 square feet of commercial space, a fitness center, saltwater pool, outdoor kitchen, resident lounges, coworking spaces and a rooftop gathering area. Josh Hoffman and Jonathan Pomper of Dwight Mortgage Trust originated the loan on behalf of the owner, locally based Dominion Group.

October 22, 2025

Loans Self-Storage Southeast Tennessee

Affinius Capital Funds $17.3M Refinancing for Self-Storage Portfolio in Metro Nashville

by John Nelson October 22, 2025

GALLATIN AND SPRING HILL, TENN. — Affinius Capital has provided a $17.3 million loan for the refinancing of a two-property self-storage portfolio in the Nashville suburbs of Gallatin and Spring Hill. Storelocal operates both facilities, which total 1,341 units. Amit Tyagi and Andy Bratt of Gantry arranged the loan on behalf of the borrower, Pruitt Investments. Each property features drive-up entry, climate-controlled units, onsite management, controlled gate access with keypad entry, a leasing office and 24/7 digital surveillance.

October 22, 2025

California Loans Mixed-Use Multifamily Restaurant Retail Western

Northmarq Secures $54M Refinancing for Mixed-Use Property in Alameda, California

by Amy Works October 22, 2025

ALAMEDA, CALIF. — Northmarq, on behalf of Alameda Point Redevelopers LLC, has arranged $54 million in financing for Storehouse Lofts, a residential mixed-use property located at 2350 Saratoga St. in Alameda. Storehouse Lofts is an adaptive reuse project that converted a former military warehouse into a modern 197-unit live-work community. Each unit is loft-style with open floor plans and high ceilings. Additionally, the 187,466-square-foot property features a gym, wellness center and roof deck, as well as a brewery and restaurant as commercial tenants. Dan Baker and Jason Szuminski of Northmarq secured the 10-year, fixed-rate loan through Northmarq’s correspondent relationship with Freddie Mac. The transaction refinances the original construction loan for the property, which is more than 95 percent leased.

October 22, 2025

Indiana Loans Midwest Multifamily

KeyBank Arranges $57M Loan for Refinancing of Multifamily Property in Carmel, Indiana

by Kristin Harlow October 22, 2025

CARMEL, IND. — KeyBank Real Estate Capital (KBREC) has arranged a $57 million fixed-rate loan with a national life insurance company for the refinancing of The Steadman Apartment Homes, a newly completed multifamily property in the Indianapolis suburb of Carmel. The loan proceeds will be used to refinance outstanding construction debt. Completed in 2024, the property was 60 percent leased as of March 2025. The Steadman features 263 units, with floor plans averaging 1,007 square feet. Amenities include a fitness center, coworking and conference rooms, a pet spa, community lounge, game lounge, golf simulator, dog park, rooftop lounge, pool, outdoor courtyard and coffee bar. Indianapolis-based Cityscape Residential was the borrower. Samantha Miller and Greg Halvorson of KBREC arranged the financing.

October 22, 2025

Loans Texas

Kennedy Funding Provides $2M Acquisition Loan for South Dallas Residential Development Site

by Taylor Williams October 22, 2025

DALLAS — Kennedy Funding, a New Jersey-based direct private lender, has provided a $2 million acquisition loan for a 62.7-acre residential development site located at 2700 Simpson Stuart Road in South Dallas. The borrower, an entity doing business as The Beach Dallas LLC, is under contract to buy the site for $3 million. Specific plans for the future development were not disclosed.

October 22, 2025

Loans Multifamily New York Northeast

Affinius Capital Funds $46M Loan for Refinancing of Brooklyn Apartment Building

by Taylor Williams October 22, 2025

NEW YORK CITY — Affinius Capital has funded a $46 million loan for the refinancing of The Dome at 210 Greenpoint, a 70-unit apartment building in Brooklyn. The property offers studio, one-, two- and three-bedroom units along with 6,200 square feet of retail space. According to StreetEasy, amenities include a fitness center, rooftop deck, bike room, package room and onsite laundry facilities. Henry Bodek of Galaxy Capital arranged the loan on behalf of the borrower, New York-based developer The Jay Group, which will also use proceeds to fund leasing costs.

October 22, 2025

Loans Multifamily New York Northeast

Greystone Provides $30M in Agency Financing for Apartment Building in Manhattan

by Taylor Williams October 22, 2025

NEW YORK CITY — Greystone has provided $30 million in Freddie Mac financing for Sloane Chelsea, a 266-unit apartment building in Manhattan. Originally built in 1930 and renovated in 1996, Sloane Chelsea offers a mix of studio, one-, two- and three-bedroom units and amenities such as a fitness center, laundry facilities and private storage space. Recent upgrades to the property include renovations to 180 units and a planned elevator modernization. Robert Meehan led the transaction for Greystone. The borrower was not disclosed.

October 22, 2025

California Florida Georgia Industrial Loans North Carolina Southeast Texas Top Stories Western

JLL Arranges $820M Refinancing for 6.1 MSF Industrial Portfolio Across Six Markets

by Kristin Harlow October 22, 2025

IRVINE, CALIF. — JLL Capital Markets has arranged an $820 million refinancing for a 6.1 million-square-foot industrial portfolio comprising 42 shallow-bay properties across six markets. JLL arranged the CMBS financing on behalf of the borrower, a joint venture between affiliates of CIP Real Estate LLC and Almanac Realty Investors. Wells Fargo led the floating-rate, single-asset single-borrower (SASB) refinancing, with J.P. Morgan and Goldman Sachs also originating portions of the loan. The properties span major industrial markets, including Atlanta, Dallas-Fort Worth, Charlotte, Tampa and California’s East Bay and Inland Empire. As of September, the portfolio was 91 percent leased to more than 950 tenants. The buildings feature average clear heights of 19 feet, an average office finish of 33 percent and range in size from 16,176 to 944,655 square feet. The average property size is 145,925 square feet. Many tenants are logistics, e-commerce and distribution users, including last-mile operators and small- to medium-sized businesses. CIP plans to continue its growth strategy in the shallow-bay industrial sector, where it sees opportunity to serve the evolving needs of logistics, e-commerce and distribution tenants, according to CEO Eric Smyth. JLL’s Kevin MacKenzie, Peter Thompson, Christopher Pratt, Kyle White, Anthony Scaglione and Nick Englhard led …

October 22, 2025

Affordable Housing Development Loans Maryland Seniors Housing Southeast Walker & Dunlop

Walker & Dunlop Secures $40.5M Construction Financing for Affordable Seniors Development in Metro D.C.

by John Nelson October 21, 2025

HYATTSVILLE, MD. — Walker & Dunlop has secured $40.5 million in debt and equity for the construction of The Highlands, an affordable seniors housing development in Hyattsville, about seven miles east of downtown Washington, D.C. The borrower is a partnership between Community Housing Initiative Inc. and First Baptist Church of Highland Park. P.J. McDevitt of Walker & Dunlop originated the debt, which comprised an unfunded forward Freddie Mac TEL that Walker & Dunlop will service. The permanent loan is structured as a 30-month forward commitment with a 15-year term and 40-year amortization schedule. Macy Kisilinsky of Walker & Dunlop arranged the debt placement and equity syndication, a $12.3 million 4 percent LIHTC equity investment with United Bank. Prince George’s County Housing Investment Trust Fund and the Maryland Department of Housing and Community Development will provide additional subordinate financing. Situated on the First Baptist Church of Highland Park campus, The Highlands will feature one- and two-bedroom apartments that will be restricted to tenants age 62 and older. Five units will be reserved for households at 50 percent of the area median income (AMI) while the remaining 132 units will be restricted at 60 percent of AMI. Planned amenities include a dog …

October 21, 2025

Arizona Loans Retail Western

JLL Arranges $73.2M Refinancing for Shopping Center Portfolio in Chandler, Arizona

by Amy Works October 21, 2025

CHANDLER, ARIZ. — JLL Capital Markets has arranged $73.2 million in permanent financing for the Chandler Shopping Center Portfolio, a two-property retail portfolio in Chandler. JLL represented the borrower, a joint venture managed by a real estate investment trust, in securing the five-year, fixed-rate loans through a national bank. The financing was structured as one loan secured by two mortgages: $51 million for Chandler Festival and $22.2 million for Chandler Gateway. The portfolio encompasses 616,639 square feet of retail space along Chandler Boulevard. TJ Maxx, Ross Dress for Less, Nordstrom Rack and PetSmart are tenants at the 354,548-square-foot Chandler Festival. The 262,091-square-foot Chandler Gateway is anchored by Walmart and Hobby Lobby. Kevin MacKenzie, Jon Mikula, Jason Carlos, Quin Madden and Tyler Naughten of JLL represented the borrower in the financing.

October 21, 2025

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