Loans

Eastern Union Secures $2.9M Acquisition Financing for Arcadia Lakes Shopping Center in Columbia, South Carolina

by Abby Cox November 17, 2025

COLUMBIA, S.C. — New York-based Eastern Union has secured $2.9 million in financing for the acquisition of Arcadia Lakes Shopping Center, a 33,684-square-foot retail center located at 6432 Two Notch Road in Columbia. Marc Tropp of Eastern Union arranged the five-year mortgage on behalf of the buyer, CityWide Properties. The loan features a 75 percent loan-to-cost ratio and a 6.65 percent interest rate. Proceeds of the loan were used for the purchase of the shopping center, as well as for a line of credit for tenant improvements and leasing commissions. CityWide Properties is planning to upgrade the property with new exterior lighting and paint, parking lot repaving and striping and fresh landscaping. Tenants at the property include Rent-A-Center, Pizza Hut, Boost Mobile and Heights Finance.

November 17, 2025

Loans Mississippi Southeast Student Housing

TSB Capital Advisors Arranges Refinancing for 531-Bed Student Housing Community Near Mississippi State University

by Abby Cox November 17, 2025

STARKVILLE, MISS. — TSB Capital Advisors has arranged the refinancing for The Walk Starkville, a 531-bed student housing community located near the Mississippi State University campus in Starkville. TSB arranged the fixed-rate loan on behalf of Spaces Management. Terms of the financing were not released. Developed in 2023, The Walk Starkville offers 249 units in one-, two-, three-, four- and five-bedroom floorplans. Amenities include a resort-style swimming pool, fitness center and yoga studio, spa with a sauna and steam room, an entertainment courtyard with a TV and multiple lounge areas, as well as a clubhouse with a golf simulator, gaming lounge and private study areas.

November 17, 2025

Development Iowa Loans Midwest Multifamily

HSF Originates $108M Construction Loan for Des Moines Apartment Tower

by Kristin Harlow November 17, 2025

DES MOINES, IOWA — Dallas-based HALL Structured Finance (HSF) has provided a $108 million first lien construction loan for 515 Walnut Tower in downtown Des Moines. St. Joseph Group is the borrower and developer. Richard Price and Jackie Meagher of Berkadia arranged the loan. The project will rise 33 stories with 390 apartment units. A central amenity “lodge” will offer fitness, coworking, lounge and entertainment areas, including a rooftop terrace with hot tubs and cooking space. The second floor will feature a 4,000-square-foot fitness center as well as sky walk connections to an adjacent parking garage.

November 17, 2025

Development Illinois Loans Midwest Retail

Associated Bank Provides $11.7M Construction Loan for Retail Center in Metro Chicago

by Kristin Harlow November 17, 2025

BANNOCKBURN, ILL. — Associated Bank has provided an $11.7 million loan to GTZ Properties for the development of a four-building, multi-tenant retail center on a vacant parcel at 1300 Half Day Road in Bannockburn. The 23,864-square-foot project is situated on a 5.3-acre corner lot adjacent to a Mariano’s grocery store and across the street from a Heinen’s grocery store. The development is 93 percent preleased with one space remaining. Signed leases include Wells Fargo Bank, Chipotle, Heart Certified Auto Care, Just Salad and a nail salon. The Gardner School is purchasing a parcel to develop the fifth building on the property as an early childhood education center. Completion of the retail center is slated for summer 2026. Daniel Barrins of Associated Bank handled the loan arrangements and closing.

November 17, 2025

Loans Multifamily Top Stories

Walker & Dunlop Provides $192M Agency Refinancing to Cortland for National Multifamily Portfolio

by Taylor Williams November 17, 2025

ATLANTA — Walker & Dunlop (NYSE: WD) has provided a $192 million Freddie Mac loan for the refinancing of a national portfolio of four multifamily properties totaling 1,137 units. The borrower was Atlanta-based owner-operator Cortland. The portfolio consists of Cortland at the Hammocks I & II in Miami, which total 720 units, as well as the 224-unit Huntington Glen Apartments in Dallas and the 193-unit Cortland Congress Park in Denver. According to Apartments.com, Cortland at the Hammocks offers one-, two- and three-bedroom units that range in size from 552 to 1,488 square feet. Cortland Congress Park features similar floor plans as well as studio options. Huntington Glen has one- and two-bedroom units that range in size from 516 to 937 square feet. Stephen Farnsworth led the Walker & Dunlop team that originated the financing on behalf of Cortland, which previously executed capital improvement programs to unit interiors, building exteriors and amenity spaces at all three properties. “Since acquisition, Cortland has invested meaningfully in these communities, successfully executing its value-add strategy and repositioning the assets within their respective markets,” says Farnsworth. “Our continued partnership reflects a shared commitment to supporting mission-driven communities and delivering lasting value for residents and investors alike.” …

November 17, 2025

Loans Multifamily New York Northeast

Global Holdings Receives $190M Loan for Refinancing of Manhattan Apartment Tower

by Taylor Williams November 14, 2025

NEW YORK CITY — Local investment and development firm Global Holdings has received a $190 million loan for the refinancing of Anagram Columbus Circle, a 26-story apartment tower located at 1 West 60th Street in Manhattan. The building houses 123 apartments in studio, one-, two-, three- and four-bedroom layouts as well as various resort-style amenities. J.P. Morgan and Sumitomo Mitsui Trust Bank provided the loan to Global Holdings. Christopher Peck, Peter Rotchford, Rob Hinckley, Nicco Lupo and Christopher Pratt of JLL arranged the debt.

November 14, 2025

Illinois Loans Midwest Multifamily

BBCP Secures $38M Loan for Refinancing of Multifamily Portfolio in Morton, Illinois

by Kristin Harlow November 14, 2025

MORTON, ILL. — Black Bear Capital Partners (BBCP) has arranged a $38 million loan for the refinancing of a three-property multifamily portfolio totaling 236 units in Morton near Peoria. Ethos Build was the borrower. PGIM provided the five-year, fixed-rate loan, which features interest-only payments for three years, a 30-year amortization schedule and a 65 percent loan-to-value ratio. The properties, located at 1950 S. Second Ave., 651 Harding Road and 661 Harding Road, are 97 percent occupied and feature a mix of two- and three-bedroom units. All residents have access to a 4,000-square-foot clubhouse with work stations, a self-serve café, lounge, game area, outdoor porch and fire pits.

November 14, 2025

Acquisitions Illinois Loans Midwest Retail

JLL Arranges $27.3M Acquisition Loan for Shopping Center in Metro Chicago

by Kristin Harlow November 14, 2025

NAPERVILLE, ILL. — JLL Capital Markets has arranged a $27.3 million acquisition loan for Market Meadows, a 149,185-square-foot, grocery-anchored shopping center in Naperville. Chris Drew, Travis Anderson, Chris Knight, Wells Waller and Merrick Evans of JLL represented the borrower, Barings, in arranging a seven-year, fixed-rate loan through Principal Asset Management. The property is 98.3 percent leased and anchored by a Jewel-Osco store that comprises 45 percent of the net rentable area. Additional tenants include U.S. Bank, BMO Bank, T-Mobile, Chipotle, Jersey Mike’s Subs and McDonald’s. Rick Drogosz and Eric Geskermann of Mid-America Real Estate Corp. represented the seller, Shorewood Development.

November 14, 2025

Colorado Healthcare Loans Western

Värde Provides $48M Refinancing for Synergy Medical Center in Englewood, Colorado

by Amy Works November 13, 2025

ENGLEWOOD, COLO. — Värde Partners, a global investment firm specializing in credit and credit-related assets, has closed a $48 million loan to refinance Synergy Medical Center in Englewood. Newmark’s Ramsey Daya, Chris Moritz and Grant Gooding arranged the three-year, floating-rate loan for the sponsor. Constructed in 2021 on the Swedish Medical Center campus, the 104,000-square-foot medical office building is 80 percent leased to a variety of medical tenants. HCA HealthOne, as the largest tenant, operates an ambulatory surgery center as well as specialized clinics for neurosurgery, orthopedics and physical therapy.

November 13, 2025

California Industrial Loans Western

PSRS Arranges $21M Refinancing for Multi-Tenant Industrial Property in Los Angeles

by Amy Works November 13, 2025

LOS ANGELES — PSRS has arranged $21 million in refinancing for a 213,990-square-foot multi-tenant industrial warehouse in Los Angeles. Built in 1955, the property features a clear height of 22 feet and 13 exterior drive-in docks. Jonny Soleimani and George Gianoukakis of PSRS arranged the nonrecourse loan that features a two-year term with a one-year extension option, full-term interest-only payments and a one-year prepayment penalty through one of PSRS’ correspondent life insurance company lenders.

November 13, 2025

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