HOUSTON — Southern Realty Trust, an affiliate of Tannenbaum Capital Group (TCG), has provided $15 million in financing for a retail property in Houston. The property is a seven-story, fully leased complex that is located at the intersection of Houston’s Galleria and River Oaks neighborhoods and is home to Park House Houston, Ciel Restaurant and Fountain Life Longevity Center. The loan is part of a larger $45 million financing package, and the remaining proceeds were provided by another TCG lending affiliate. The borrower is a partnership between local developer John Scott and hospitality developer WoodHouse.
BELLEVILLE, N.J. — First Bank has provided an undisclosed amount of construction financing for a retail expansion project that will be located in the Northern New Jersey community of Belleville. The site spans 18.7 acres at 11 Franklin Ave. The first building opened in October 2022 and is fully leased to Starbucks. The second building will house three restaurant tenants, one of which will be Chipotle Mexican Grill. Michael Klein, Jon Mikula, Ryan Carroll and Kevin Badger of JLL arranged the floating-rate debt on behalf of the borrower, a partnership between two New Jersey-based developers, Tulfra Real Estate and The Hampshire Cos.
CHARLOTTE, N.C. — Mesa West Capital has provided a $69.8 million acquisition loan for Loft One35, a 298-unit multifamily community located at 135 W. Morehead St. in Charlotte’s South End neighborhood. The borrower, a joint venture between Hillridge Capital and Broad Creek Capital, will use a portion of the loan proceeds to fund capital improvements, including exterior paint, upgraded common spaces and interior renovations for select units. Chris Campbell, Matt Brody, Daniel Allman and Catherine Reinecker of Eastdil Secured arranged the five-year, floating-rate loan on behalf of the borrower. Loft One35 features studio, one- and two-bedroom apartments, as well as two-story townhomes and lofts. Amenities include a resort-style pool, outdoor courtyard with fire pit and barbecue stations, pet spa, coffee bar and bike storage.
CEDAR FALLS, IOWA AND SOUTHERN PINES, N.C. — BWE has arranged $49.5 million for the refinancing of East Viking Plaza in Cedar Falls and Morganton Park South in Southern Pines. Dan Rosenberg, Logan Petersmeyer and Isabella Barrios of BWE arranged the financing on behalf of Cincinnati-based Midland Atlantic Properties. Both nonrecourse loans feature multiple years of interest-only payments. East Viking Plaza totals 147,659 square feet and is leased to tenants such as Target, Scheels, Michaels, Old Navy and Ulta. Morganton Park South totals 267,021 square feet and is nearly fully leased. Constructed in 2024, the shopping center is anchored by Target, Dick’s Sporting Goods and HomeGoods.
MIAMI — SCALE Lending, the debt financing arm of New York City-based Slate Property Group, has provided a $460 million cross-collateralized facility on behalf of the Namdar Group for two adjacent apartment towers under development in downtown Miami. The facility will comprise a $230 million bridge loan for the completion and lease-up of 55 N.E. 2nd Street (Phase I), which contains 680 multifamily units across 358,000 square feet; and a $230 million loan for the ground-up construction of 50 N.E. 3rd Street (Phase II), which comprises 714 apartment units across 395,000 square feet. The two 43-story towers will be connected from the first through eighth floors upon completion. Phase I is slated for completion in the first quarter of 2026. Construction of Phase II commenced in September 2025, with completion estimated for spring 2028. Units range in size from studios to two-bedroom layouts. A connected garage on the second through sixth floors will include 269 parking spaces, and the ground floor will feature 7,100 square feet of retail space. Combined, the buildings will include 62,000 square feet of amenity spaces on the seventh and eighth floors to be shared by tenants of both towers. Both buildings will offer gyms, golf …
WHITE HOUSE, TENN. — Walker & Dunlop has arranged a $42 million bridge loan for the refinancing of The Mill at White House, a 216-unit luxury apartment complex located in White House, a suburb of Nashville. Jeremy Pino, Livingston Hessam, Keith Melton, David Strange, Carl Passmore and Kyle Miller of Walker & Dunlop’s Capital Markets team arranged the financing through an unnamed institutional lender. The team previously refinanced the construction debt in 2022 on behalf of the borrower, RFM Development Co. Completed in 2024, The Mill at Whitehouse offers one-, two- and three-bedroom floorplans, ranging in size from 769 to 1,385 square feet, according to Apartments.com. Rental rates begin at $1,465. Amenities at the property include a swimming pool, fitness center, children’s playground, clubhouse, business center, pet play area and a grill.
NEW YORK CITY — Greystone has provided a $114.5 million bridge loan for the acquisition of a portfolio of nine affordable housing buildings totaling 753 units in Queens. Known as The State Preservation Portfolio, the elevator-served properties feature a mix of studio, one- and two-bedroom units, as well as covered parking. Information on specific income restrictions was not disclosed. The borrower is a partnership between national affordable housing owner-operator Iris Holdings Group and the New York City Department of Housing Preservation and Development. The partnership will use a portion of the proceeds to fund capital improvements and preserve the buildings’ affordability status.
PORTSMOUTH, N.H. — JLL has arranged a $96.8 million construction loan for Prescott Post, a 360-unit multifamily project that will be located in the southern New Hampshire city of Portsmouth. The site spans 26 acres, about 10 percent of which will be preserved as green communal space. Prescott Post will feature three- and four-story residential buildings that will house a mix of unit types. Amenities will include multiple clubrooms, coworking spaces, an indoor/outdoor fitness suite with a yoga studio, outdoor kitchens, fire pits and a dog run with a pet washing station. Brett Paulsrud, Andrew Gray and Hugh Doherty of JLL arranged the loan through Truist Bank on behalf of the developers, a partnership between Boston-based Eastern Real Estate and The Kane Co. Completion is slated for late 2027.
PHOENIX — ViaWest Group and Barings have received $107 million in construction financing for ReDiscover Logistics Park, an industrial development located at 2402 W. Beardsley Road in Phoenix. Kevin MacKenzie, Jason Carlos and Lilley Kroll of JLL Capital Markets arranged the loan through a life insurance company. Situated on 43.5 acres, ReDiscover Logistics Park will offer 808,448 square feet of industrial space spread across four individual buildings ranging from 189,280 square feet to 212,000 square feet with clear heights of 32 to 36 feet, designed to accommodate a diverse range of manufacturing and distribution tenants. The development will incorporate flexible space configurations, a 200-foot shared truck court depth, FM Global compliant sprinkler systems and 980 parking spaces. Construction is underway, with completion slated for first-quarter 2027.
AURORA, COLO. — Essex Real Estate Capital Advisors has sourced a $71 million loan for the refinancing of Denali Logistics Park, a Class A industrial asset in Aurora. Blair Butler and Matt Perigard of Essex arranged the nonrecourse, interest-only bank loan loan for Hines, which developed and owns the property. The three-year, floating-rate loan was used to retire the construction debt in a cash-neutral transaction. The loan also included future funding to draw upon for leasing, securing the property’s long-term capitalization, allowing Hines to continue to execute its leasing plan and fully stabilize the asset. Denali Logistics Park features three buildings totaling 759,620 square feet. The two front-park rear-load buildings and one cross-dock building each have different depths, allowing for devisability to accommodate tenants ranging from 30,000 square feet to 200,000 square feet. Additionally, the property includes secured trailer parking that is available to all tenants and an onsite basketball court.