Loans

Walker & Dunlop Provides $238.4M Agency Refinancing of Mixed-Use Apartment Building in Miami

by Taylor Williams October 20, 2025

MIAMI — Walker & Dunlop has provided a $238.4 million Freddie Mac loan for the refinancing of Forma Miami, a 588-unit mixed-use apartment building in the city’s Edgewater neighborhood. The Walker & Dunlop team that originated the financing included Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Sean Reimer, Michael Stepniewski and Michael Ianno. The borrower is local developer Crescent Heights. Specific loan terms were not disclosed. Rockwell Group and Arquitectonica designed Forma Miami to have condo-style interior finishes, along with 85,000 square feet of indoor and outdoor amenity space that includes a 10,000-square-foot fitness pavilion, both lounging and lap pools, a dog lounge, pickleball court, meditation room, sports bar/beer garden, game room and a rooftop terrace with a private bar/lounge. Forma Miami also has an entire floor that functions as a dedicated coworking lounge. Residences at Forma Miami come in studio, one-, two- and three-bedroom and range in size from 485 to 1,980 square feet. Units feature various pieces of smart-home technology, private terraces, floor-to-ceiling windows, quartz countertops, white oak cabinetry and individual washers and dryers. Amenities include a 10,000-square-foot fitness pavilion, both lounging and lap pools, a dog Lounge, pickleball court, meditation room, sports bar/beer garden, game room and a rooftop terrace with a private …

October 20, 2025

Acquisitions Florida Loans Multifamily Southeast

Newmark Arranges $70M Sale, Financing of 300-Unit Multifamily Community in West Palm Beach, Florida

by Abby Cox October 17, 2025

WEST PALM BEACH, FLA. — Newmark has arranged the $70 million sale of Visions of Willow Pond, a 300-unit, garden-style multifamily community located in West Palm Beach. Tal Frydman and Hampton Beebe of Newmark represented the seller, Bar Investment Group, in the transaction. Jim Badolato, Mike McKee and Kippy Donovan, also with Newmark, secured a $50 million Freddie Mac loan to finance the purchase of the property on behalf of the buyer, Morgan Properties. The buyer plans to implement a capital improvement program at the property to enhance community amenities and upgrade units. Situated at 4860 Sand Stone Lane, Visions at Willow Pond totals 17 buildings and features one- and two-bedroom floorplans ranging in size from 521 square feet to 1,064 square feet, according to Apartments.com. Amenities at the property include a resort-style swimming pool, sundeck, 24-hour fitness center, tennis court, playground and clubhouse lounge.

October 17, 2025

Loans North Carolina Seniors Housing Southeast

JLL Arranges Refinancing for 200-Unit Active Adult Community in Charlotte, North Carolina

by Abby Cox October 17, 2025

CHARLOTTE, N.C. — JLL Capital Markets has arranged refinancing for Connery on Providence, a newly constructed, 200-unit active adult community located in Charlotte. Travis Anderson, Brad Woolard, Ryan Mueller and Timothy Hosmer of JLL represented the borrower, Proffitt Dixon Partners, in securing the loan through New York Life Insurance Co. The loan size was not disclosed. Completed in 2023 on nearly 13 acres, Connery on Providence features one- and two-bedroom residences across four three-story buildings. Amenities at the property include a saltwater pool, wellness and fitness center, pickleball courts, spa facilities and concierge services. The community also offers a movie lounge, an overnight guest suite, a demonstration kitchen and dog spa.

October 17, 2025

Loans Multifamily New York Northeast

ACRES Capital Provides $42.5M Loan for Refinancing of Manhattan Apartment Building

by Taylor Williams October 16, 2025

NEW YORK CITY — ACRES Capital has provided a $42.5 million loan for the refinancing of The Congress, a 74-unit apartment building located on West 54th Street in Midtown Manhattan. According to StreetEasy, the building was originally constructed in 1923. The Congress also includes two office spaces and five retail spaces. The undisclosed sponsor will use a portion of the proceeds to fund upgrades of existing residences and common areas and convert former professional office suites into additional residential units.

October 16, 2025

Arizona Loans Multifamily Seniors Housing Western

BWE Arranges Refinancing for 248-Unit Seniors Housing Community in Phoenix

by Amy Works October 16, 2025

PHOENIX — A joint venture between Harrison Street Asset Management, LCS and Ryan Cos. US Inc. has received refinancing for Clarendale Arcadia, a senior living community located in the Arcadia neighborhood of Phoenix. Ryan Stoll and Taylor Mokris of BWE arranged the financing — which features full-term interest-only payments, an initial 36-month term and two one-year extension options — on behalf of the joint venture. Completed in 2023, Clarendale Arcadia totals 248 residences, with 240 independent living units, 68 assisted living units and 40 memory care units. Amenities at the property include a bistro, fitness center, heated swimming pool, jacuzzi spa, putting greens, a movie theater, salon and spa, landscaped outdoor spaces and a full-service bar.

October 16, 2025

Chula Vista Storage will feature 123,582 square feet of self-storage space.

California Development Industrial Loans Property Type Self-Storage Western

UTEX Storage Partners Receives $23.4M in Construction Financing for Self-Storage Project in Chula Vista, California

by Amy Works October 16, 2025

CHULA VISTA, CALIF. — UTEX Storage Partners has obtained $23.4 million in nonrecourse construction financing for Chula Vista Storage, a to-be-built self-storage facility in Chula Vista. Brian Somoza led the JLL team in arranging the four-year, floating-rate loan through a life insurance company. Upon delivery in 2026, Chula Vista Storage will offer 123,582 square feet of storage space within two three-story buildings. The facility will feature an onsite office, security, a 24-hour surveillance system, controlled access, climate-controlled units and boat/RV storage. The property is located on 9.3 acres near the intersection of South Bay Expressway and Eastlake Drive, approximately 12 miles southeast of downtown San Diego. A REIT third-party management platform will operate and manage the property.

October 16, 2025

Build-to-Rent Loans Midwest Single-Family Rental Wisconsin

BWE Secures $33.6M in Financing for Build-to-Rent Community in Oak Creek, Wisconsin

by Kristin Harlow October 16, 2025

OAK CREEK, WIS. — BWE has secured $33.6 million in permanent financing for Heyday Oak Creek, a 130-unit build-to-rent community in the Milwaukee suburb of Oak Creek. Dan Rosenberg, Tim Caffrey and Logan Petersmeyer of BWE arranged the Fannie Mae loan on behalf of Heyday, a Chicago-based developer specializing in build-to-rent communities. The financing paid off the construction loan and closed immediately upon the conclusion of the property’s initial lease-up. The recently built property includes 22 ranch-style buildings with a mix of one-, two- and three-bedroom homes.

October 16, 2025

Loans Retail Texas

JLL Arranges $1.2B Refinancing of 1.9 MSF NorthPark Center Mall in North Dallas

by Taylor Williams October 15, 2025

DALLAS — JLL has arranged the $1.2 billion refinancing of NorthPark Center, a 1.9 million-square-foot enclosed mall in North Dallas. NorthPark Center originally opened in 1965 and has subsequently undergone multiple renovations and expansions. Today, the mall is home to nearly 200 tenants, with Neiman Marcus, Nordstrom, Macy’s, Dillard’s, Eataly and AMC Theatres serving as the anchors. A consortium of lenders led by Wells Fargo, Morgan Stanley and Goldman Sachs provided the financing to the owner, NorthPark Management Co., an entity that is owned and controlled by the Nasher/Haemisegger family. Timothy Joyce, Trey Morsbach and Matt Maksymec of JLL led the debt placement efforts. NorthPark Center was 98.6 percent leased at the time of the loan closing. The financing will retire the existing mortgage, and ownership will use excess proceeds to redeem equity interests in the property and return full ownership back to the family.

October 15, 2025

California Hospitality Loans Western

Sonnenblick-Eichner Arranges $50M in Leasehold Financing for Hotel Valencia Santana Row in San Jose

by Amy Works October 15, 2025

SAN JOSE, CALIF. — Sonnenblick-Eichner Co. has arranged $50 million in first mortgage leasehold financing for Valencia Hotel Collection to refinance its Hotel Valencia Santana Row in San Jose. The nonrecourse, fixed-rate loan features interest-only payments for the five-year term and is priced at less than 7 percent. An international money center commercial bank provided the loan. Hotel Valencia Santana Row features 216 guest rooms, 11,188 square feet of indoor/outdoor meeting and event space, a fitness center, rooftop pool and hot tub and an open-air interior courtyard.

October 15, 2025

Development Loans Midwest Nebraska Retail

WarHorse Gaming Receives $300M in Financing for Casino Construction Projects in Nebraska

by Kristin Harlow October 15, 2025

NEBRASKA — Casino operator WarHorse Gaming LLC has secured refinancing of $300 million in startup loans for a five-year deal that will launch the next phase of casino expansions and construction of a new casino in Nebraska. U.S. Bank organized the deal, which includes Capital One, KeyBank, The Huntington National Bank, BOK Financial and Comerica Bank. WarHorse is expanding its casinos at horse racetracks in Omaha and Lincoln. The $70 million expansion of the Lincoln casino will include larger gaming areas for machines, more table games, a new steakhouse and a high-end sports bar. The Omaha expansion was completed in April. New construction of a third casino in South Sioux City is scheduled to begin next summer.

October 15, 2025

Newer Posts

Older Posts