Loans

JLL Secures $33.8M Construction Loan for Industrial Development in Hesperia, California

by Amy Works February 19, 2026

HESPERIA, CALIF. — JLL Capital Markets has arranged $33.8 million in first lien construction financing for the development of 10400 Amargosa Road, a to-be-built Class A industrial facility in Hesperia. Matt Stewart, Kellan Liem, Allie Black and Cameron Sepahi of JLL secured the five-year (inclusive of extension options), fixed-rate loan through TDA Investment Group for the borrower. Situated on a 21.5-acre site, the 428,185-square-foot, single-tenant building will feature a clear height of 36 feet, rear-load capabilities, an ESFR fire sprinkler system and 100 percent secure truck court with space for 59 trailer stalls and 216 auto parking spaces, including electric vehicle charging capabilities. The Covington Group will develop the project on behalf of owner/user Pixior Group. Construction is slated for completion in 11 months.

February 19, 2026

Acquisitions California Loans Multifamily Western

Newmark Arranges $31.6M Sale, Financing of San Carlos Village Apartments in San Diego

by Amy Works February 19, 2026

SAN DIEGO — Newmark has brokered the sale of San Carlos Village, a multifamily community located at 7707-7787 Tommy St. in San Diego. Pathfinder Partners acquired the asset for $31.6 million from ERFSCV LLC (heirs of the original developer) in an off-market transaction. Originally developed in 1980, San Carlos Village offers 160 apartments spread across 7.3 acres at the base of Cowles Mountain. The new ownership plans to rename the asset Cowles Landing. Erik Anderson of Newmark represented the buyer, while Greg Gorsuch of Chamberlain Property Management represented the seller in the deal. Robert Younkin and Garrett Meyers of Newmark arranged an $18.6 million Fannie Mae loan to facilitate the acquisition.

February 19, 2026

Connecticut Loans Multifamily Northeast

Cushman & Wakefield Arranges $88M Construction Loan for Multifamily Project in Greenwich, Connecticut

by Taylor Williams February 18, 2026

GREENWICH, CONN. — Cushman & Wakefield has arranged an $88 million construction loan for Benedict Court, a 120-unit multifamily project that will be located in the southern coastal Connecticut city of Greenwich. Benedict Court will consist of 72 market-rate apartments and 48 affordable housing units. Amenities will include a rooftop deck, a resident lounge with a chef’s kitchen, coworking spaces, children’s playroom and a fitness center. Gideon Gil, Taylor Geiger, Cecelia Galligan and Nick Pappas of Cushman & Wakefield arranged the loan through Santander Bank. The borrower is a partnership between Lonicera Partners, Nimbus Properties and Benedict Capital. Construction is now underway, and completion is slated for summer 2028.

February 18, 2026

Development Loans Multifamily South Carolina Southeast

Cushman & Wakefield Arranges $28.7M Construction Financing for Charleston Apartment Project

by John Nelson February 18, 2026

CHARLESTON, S.C. — Cushman & Wakefield has arranged a $28.7 million construction loan for PADS 216, an apartment development underway at 216 Spring St. in Charleston’s Upper Peninsula. Kristian Brown of Cushman & Wakefield arranged the financing through RMWC via a debt fund execution on behalf of the borrowers, Orange Properties, Ivy Capital and Crown Global Investments. Situated near The Medical University of South Carolina (MUSC), PADS 216 will feature a variety of floorplans and high-end amenities. The construction timeline was not released.

February 18, 2026

Affordable Housing Development Florida Loans Multifamily Southeast

JLL Secures $19M Mezzanine Loan for Multifamily Development in Tampa

by John Nelson February 18, 2026

TAMPA, FLA. — JLL has secured a $19 million mezzanine loan for the construction of River Vista, a 268-unit workforce housing development located at 4504 Clewis Ave. in Tampa. Brian Gaswirth and Michael Romero of JLL arranged the financing through a credit venture of Crow Holdings Capital on behalf of the borrower, Vista Residential Partners. River Vista will offer a mix of one-, two- and three-bedroom apartments averaging 989 square feet in size. Amenities will include nature trails, overlooks of the Hillsborough River, multiple club rooms, coworking spaces, a fitness center, pet spa and a dog park. The construction timeline and additional financing details were not disclosed.

February 18, 2026

Woodmont-Commons-Apartments-Londonderry-New-Hampshire

Acquisitions Loans Multifamily New Hampshire Northeast

JLL Arranges $25.2M Acquisition Loan for Southern New Hampshire Apartments

by Taylor Williams February 17, 2026

LONDONDERRY, N.H. — JLL has arranged a $25.2 million acquisition loan for Woodmont Commons Apartments, an 87-unit multifamily complex in Londonderry, located near the Massachusetts-New Hampshire border. Built in 2019 within the 600-acre Woodmont Commons master-planned community, the property includes a 31,341-square-foot retail component. Residences come in one-, two- and three-bedroom floor plans. Riaz Cassum, Ryan Parker, Hunter Cuthbertson and Joe Marinaro of JLL arranged the fixed-rate loan through Metro Credit Union on behalf of the borrower, metro Boston-based Cambridge West Partners.

February 17, 2026

California Loans Retail Western

HP Investors Receives $19M in Financing for Gaslamp Square Retail Property in Downtown San Diego

by Amy Works February 17, 2026

SAN DIEGO — HP Investors has received $19 million in recapitalization financing for Gaslamp Square, a retail property at 405 5th Ave. in San Diego. Scott Peterson, Bill Chiles, Brian Cruz and Colby Matzke of CBRE arranged a floating-rate loan on behalf of the borrower. The financing features a multi-year interest-only period and a competitive structure with a maturity in 2029. Gaslamp Square features 54,856 square feet spanning a full block at 5th Avenue and J Street in downtown San Diego’s Gaslamp Quarter. The asset consists of retail condominiums and a 243-stall subterranean parking garage.

February 17, 2026

Acquisitions Loans Midwest Missouri Retail

Trident Capital Partners Provides $1.5M Bridge Loan for Retail Property in Metro Kansas City

by Kristin Harlow February 17, 2026

BLUE SPRINGS, MO. — Trident Capital Partners has provided a $1.5 million bridge loan for the acquisition of a newly constructed retail property within the Copperleaf Shopping Center in Blue Springs. The six-month, full-recourse loan is secured by a first lien on the property, a 4,685-square-foot retail building housed on one of the center’s pad sites. The borrower, a partnership of three private investor groups, acquired the property to maintain control over development and tenant selection at the Copperleaf Shopping Center, a 32,978-square-foot retail center that it purchased in February 2023 for $6.9 million. The outparcel building is partially leased to two national restaurant concepts, including Dutch Bros Coffee and Qdoba Mexican Eats. An additional 1,775 square feet remains available.

February 17, 2026

Hospitality Loans Texas

JLL Arranges Acquisition Financing for 162-Room Hotel Near Downtown Fort Worth

by Taylor Williams February 16, 2026

FORT WORTH, TEXAS — JLL has arranged an undisclosed amount of acquisition financing for a 162-room extended-stay hotel near downtown Fort Worth. The Home2 Suites Fort Worth Cultural District hotel was built in 2020 and offers amenities such as a 630-square-foot meeting space, an outdoor pool and a fitness center. John Bauman, Scott Dickey, Jordan Buck and Charlie Mossy of JLL arranged the loan through Inwood National Bank on behalf of the borrower, a joint venture between Ad Astra Capital and TMGOC Ventures.

February 16, 2026

Colorado Development Industrial Loans Western

Lincoln Property Co. Receives $77.1M in Financing for Commerce Yards Industrial Project in Colorado

by Amy Works February 16, 2026

COMMERCE CITY, COLO. — Lincoln Property Co. has received $77.1 million in total project financing for Commerce Yards, a Class A industrial development located at 9401 Heinz Way in Commerce City. JLL secured the financing package, which included a joint venture from a confidential partner and a construction loan from First Horizon Bank. JLL’s Peter Merrion, Rob Key and Will Mogk led the equity placement process. Leon McBroom and Jim Curtin of JLL executed the debt placement for the borrower. Spanning 46 acres, the low-coverage warehouse project will offer 466,00 square feet of industrial space spread across three buildings ranging from 113,000 square feet to 200,000 square feet, with 14 acres of dedicated secured yard space for outdoor storage. The project’s zoning allows 50 percent of the site for outdoor storage. Each building will offer 28- to 32-foot clear heights with rear-load configurations, generous loading positions and 4,000 amps of power. Additionally, the property is rail-serviceable and located within an Enterprise Zone, offering tax benefits to tenants. Construction is slated to begin in April, with completion expected by May 2027.

February 16, 2026

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