Loans

Gantry Arranges $25.5M in Acquisition Financing for Power Commerce Center in Gilbert, Arizona

by Amy Works September 11, 2025

GILBERT, ARIZ. — Gantry has secured a $25.5 million permanent loan to provide funds for the acquisition of Power Commerce Center in Gilbert. Situated on 14.2 acres at 3380 S. Power Road, the master-planned industrial park was delivered in 2023 and features 11 buildings offering 20 units totaling 146,000 rentable square feet. Additionally, the asset includes fenced outdoor yard spaces for each building. Patrick Barkley, Chad Metzger and Andrew Christopherson of Gantry represented the borrower, a private real estate investor, in the financing. The fixed-rate loan, which features a 30-year amortization, came from one of Gantry’s correspondent life company lenders. Gantry will service the loan.

September 11, 2025

Connecticut Loans Northeast Retail

Atlantic Capital Partners Arranges $23M Refinancing of Retail Building in Norwalk, Connecticut

by Taylor Williams September 11, 2025

NORWALK, CONN. — Atlantic Capital Partners, the capital markets advisory division of regional brokerage firm Atlantic Retail, has arranged a $23 million loan for the refinancing of a retail building located in the southern coastal Connecticut city of Norwalk. The building at 100 Connecticut Ave. is ground-leased to Lowe’s Home Improvement on a long-term basis. Stephen Joseph and Stephen Hassenflu arranged the fixed-rate loan on behalf of the owner, Hall Investments. The direct lender was not disclosed.

September 11, 2025

Development Loans Multifamily Office Texas

CIM Group Provides $132.5M Construction Loan for Office-to-Residential Conversion Project in Dallas

by Taylor Williams September 10, 2025

DALLAS — Los Angeles-based lending and investment firm CIM Group has provided a $132.5 million construction loan for an office-to-residential conversion project in Dallas. The project represents the second phase of Peridot, a development that converted 11 floors of office space within the 50-story Santander Tower in the downtown area into 291 apartments with one- and two-bedroom floor plans. This next phase will add another 105 apartments. The borrower is a partnership between Pacific Elm Properties and Mintwood Real Estate. Santander Tower also houses the 60-room Mint House luxury hotel on floors 49 and 50, which also represents an office conversion. Adolfson & Peterson Construction is the general contractor. A tentative completion date for the next phase of Peridot was not disclosed.

September 10, 2025

Loans Multifamily New Jersey Northeast

JLL Arranges $340M Refinancing of Two Jersey City Apartment Buildings

by Taylor Williams September 10, 2025

JERSEY CITY, N.J. — JLL has arranged the $340 million refinancing of two Jersey City apartment buildings totaling 938 units. The 36- and 48-story buildings are known as 50 and 70 Columbus and were completed in 2007 and 2015, respectively. Both buildings feature studio, one-, two- and three-bedroom units with in-unit washers and dryers, walk-in closets, hardwood floors, stone countertops and stainless steel appliances. Amenities include a heated outdoor pool, fitness center, rooftop deck with grilling spaces and a courtyard. Thomas Didio, Thomas Didio Jr., Gerard Quinn and Michael Mataras of JLL arranged the debt through Truist Financial Corp. on behalf of the owner, a joint venture between Ironstate Development Co. and Panepinto Properties.

September 10, 2025

California Hospitality Loans Western

Sonnenblick-Eichner Co. Arranges $126.1M Refinancing for Pacifica Hotels Portfolio in Southern California

by Amy Works September 10, 2025

LOS ANGELES — Sonnenblick-Eichner Co. has arranged $126.1 million in first mortgage debt for Pacifica Hotels to refinance a portfolio of seven hotels in Southern California. The three- and five-year fixed-rate loans were funded by a Wall Street investment bank and an insurance company. Totaling 601 rooms, the portfolio includes The Wayfarer San Diego; Sandcastle Hotel on the Beach, Spyglass Inn and Cottage Inn by the Sea in Pismo Beach; Inn at Venice Beach, The Kinney Venice Beach in Venice; and The Belamar Hotel, a Tapestry Collection by Hilton, in Manhattan Beach.

September 10, 2025

Acquisitions California Loans Retail Western

Archway Capital Provides $42.9M Acquisition Loan for Major Portion of The Shoppes at Carlsbad in California

by Amy Works September 10, 2025

CARLSBAD, CALIF. — Archway Capital has provided a $42.9 million loan to Steerpoint Capital for the acquisition of a major portion of The Shoppes at Carlsbad. Steerpoint purchased a 727,000-square-foot portion, which is 74 percent occupied by Yard House, The Cheesecake Factory, Hollister, American Eagle Outfitters, Dave & Busters, 24 Hour Fitness and Regal. The acquired property is part of a 1.1 million-square-foot retail asset located at 2525 El Camino Real in Carlsbad. The borrower allocated and capitalized $4 million for improvements to the property, including upgrading the entrances, enhancing common area seating, adding digital signage and bathroom renovations. The Shoppes at Carlsbad was renovated in 2017.

September 10, 2025

Loans Multifamily Texas

Dwight Capital Provides $59M HUD-Insured Loan for West Houston Apartment Community

by Taylor Williams September 9, 2025

HOUSTON — New York City-based Dwight Capital has provided a $59 million HUD-insured loan for Alden Park Kingsland, a 423-unit apartment community in West Houston. The garden-style property comprises 10 three-story residential buildings, a community clubhouse, a mail kiosk building and a car center/maintenance building. Units come in one-, two- and three-bedroom floor plans, according to the property website. Amenities include a pool, fitness center, resident lounge, business center, dog park and outdoor grilling and dining stations. Evan Fromen of Dwight Capital originated the financing through HUD’s 223(f) program. The borrower was not disclosed.

September 9, 2025

Industrial Loans Texas

JLL Arranges $29.5M in Acquisition Financing for Houston Industrial Portfolio

by Taylor Williams September 9, 2025

HOUSTON — JLL has arranged $29.5 million in acquisition financing for a portfolio of eight light industrial buildings totaling 275,602 square feet in Houston. Known as the Houston Prime Shallow Bay Portfolio, the buildings feature clear heights up to 25 feet, 76- to 126-foot truck court depths and “abundant” dock and drive-in doors. Melissa Rose, Jack Britton, Josh Barker, Jovi Rodriguez and James Lovell of JLL arranged the loan through an undisclosed bank as part of a larger, $107.8 million financing package that includes industrial portfolios in Charlotte and Denver. The borrower was Miami-based Adler Real Estate Partners.

September 9, 2025

693-749-Channel-Islands-Blvd-Port-Hueneme-CA

California Loans Retail Western

Align REI Receives $29.5M in Financing for Oliveira Plaza Retail Center in Port Hueneme, California

by Amy Works September 9, 2025

PORT HUENEME, CALIF. — Align REI has received $29.5 million in financing for Oliveira Plaza, neighborhood retail center in Port Hueneme in Ventura County, Calif. Greg Brown, Spencer Seibring and Nick Englhard of JLL Capital Markets secured the three-year bridge loan with a debt fund. Loan proceeds are being used to reposition a big box space at property for a new Sprouts Farmers Market. Situated on 9.3 acres at 693-749 Channel Islands Blvd., Oliveira Plaza features 116,035 square feet of retail space. Originally built in 1975 and updated over the years, Oliveira Plaza was 80 percent leased to a variety of of tenants, including West Marine Products, Dollar Tree, Bank of America, Panda Express and Carl’s Jr.

September 9, 2025

California Loans Office Western

Gantry Secures $25M Refinancing for Creative Office Building in Palo Alto, California

by Amy Works September 9, 2025

PALO ALTO, CALIF. — Gantry has secured a $25 million loan to refinance maturing debt from the acquisition and renovation of a creative office building located at 250 Cambridge Ave. in Palo Alto. The three-story building offers 38,000 square feet of modern creative office space. The property features open air corridors, a central courtyard and maturing landscape aligned with new building systems throughout and enhanced exterior finishes. Robert Slatt, Murphy Osborne and Joe Foley of Gantry represented the borrower, a private real estate investor. The three-year, fixed-rate loan with 30-year amortization was provided by one of Gantry’s correspondent life company lenders. Gantry will service the loan.

September 9, 2025

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