Loans

Gantry Arranges $85M Refinancing for Southern California Medical Office Portfolio

by Amy Works July 25, 2025

TORRANCE, CALIF. — Gantry has secured two loans, totaling $85 million, to refinance a portfolio of medical office properties serving the Torrance Memorial Medical Center’s physician, specialist and service provider communities. George Mitsanas, Braden Turnbull and Alicia Sabanero of Gantry arranged the loans for the private real estate investor. The 10-year, fixed-rate loans were secured through one of Gantry’s correspondent insurance company lenders and feature an introductory interest-only period, transitioning to 30-year amortization. Located in Torrance, the financed properties include the 10-building, 381,249-square-foot Skypark Medical and Office Center at Hawthorne Boulevard and SkyPark Drive and a 39,611-square-foot medical office building at 3640 Lomita Blvd.

July 25, 2025

Acquisitions California Loans Multifamily Western

Northmarq Brokers $33.5M Sale of Multifamily Property in Glendale, California

by Amy Works July 25, 2025

GLENDALE, CALIF. — Northmarq has brokered the sale and financing of TENTEN Glendale, a mid-rise apartment community at 111 N. Louise St. in Glendale. Amidi Group sold the asset to Regent Properties for $33.5 million. Built in 2019, TENTEN Glendale features 66 studio, one- and two-bedroom apartments with floor-to-ceiling windows, stainless steel appliances, in-home washer/dryers and quartz countertops. Community amenities include a rooftop pool and spa, a fitness center, business center and onsite office/retail space. Northmarq also arranged a $22.7 million bridge loan for the buyer, Regent Properties, through a correspondent relationship with a life insurance company. The transaction was structured on an initial two-year term with three one-year extension options. Vince Norris, Jim Fisher, Mike Smith and Tommy Yates of Northmarq’s Multifamily Investment Sales team represented the seller and secured the buyer in the deal. Joe Giordani, Brendan Golding and Scott Botsford of Northmarq’s Debt + Equity team arranged the financing for the buyer.

July 25, 2025

California Loans Retail Western

PSRS Secures $9.5M Refinancing for Plaza Las Brisas Retail Center in Murrieta, California

by Amy Works July 25, 2025

MURRIETA, CALIF. — PSRS has arranged $9.5 million in refinancing for Plaza Las Brisas, a retail property in Murrieta. The 43,000-square-foot shopping center, which features 214 parking spaces, was 97 percent occupied at the time of financing. Trevor Blood of PSRS secured the 10-year loan with a 30-year amortization schedule through a correspondent life insurance company for the undisclosed borrower. Loan proceeds refinanced a maturing CMBS loan.

July 25, 2025

Loans Multifamily Texas

Nuveen Green, Lone Star PACE Provide $9M in C-PACE Financing for Dallas Apartment Complex

by Taylor Williams July 24, 2025

DALLAS — Nuveen Green Capital and Lone Star PACE have provided $9 million in C-PACE financing for Cityscape Star Apartments, a 116-unit multifamily complex in the Cedars neighborhood of Dallas. The newly constructed building offers one- and two-bedroom units and amenities such as a fitness center, business center, dog run and a rooftop lounge. The name of the borrower was not disclosed. C-PACE allows property owners to access low-cost, long-term financing for energy and water conservation systems at commercial buildings.

July 24, 2025

Loans Retail Texas

Avatar Financial Funds $3.1M Bridge Loan for Dallas Gas Station, Convenience Store

by Taylor Williams July 24, 2025

DALLAS — Seattle-based lender Avatar Financial Group has funded a $3.1 million bridge loan for a Texaco-branded gas station and convenience store located at 3924 W. Red Bird Lane in southwest Dallas. The loan carries a two-year term, an 11.5 percent initial interest rate and a 65 percent loan-to-value ratio. The undisclosed sponsor will use proceeds to leverage equity from the asset in order to purchase another service station. The borrower plans to refinance Avatar’s loan once the new site is stabilized and producing income.

July 24, 2025

Loans Multifamily Washington Western

Pillar Recapitalizes 229-Unit Multifamily Property in Burien, Washington

by Amy Works July 24, 2025

BURIEN, WASH. — Pillar Properties has completed the recapitalization of The Maverick, an apartment community in Burien, by bringing in Stockbridge Capital Group as a joint venture equity partner. Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper of CBRE represented Pillar Properties in the transaction. Located at 15045 5th Ave. SW, The Maverick offers 229 studio, one- and two-bedroom units. Built in 2017, the property includes a movie theater; two-story, 24-hour fitness center; a yoga center; and a resident club lounge.

July 24, 2025

Development Industrial Loans South Carolina Southeast

Appian Investments Secures Construction Financing for 182,000 SF Industrial Development in Greenville

by John Nelson July 24, 2025

GREENVILLE, S.C. — Appian Investments has secured joint venture equity with Harbert Management Corp. for the development of Magnolia Grove, a two-building industrial development located at U.S. Route 25 and Bethuel Church Road in Greenville. Patterson Real Estate Advisory Group arranged the equity placement. Situated within three miles of both I-85 and I-185, Magnolia Grove will span 182,000 square feet across two shallow-bay buildings, both of which will be constructed with tilt-wall concrete. The facilities will feature 24-foot clear heights and a 200-foot asphalt truck court. The construction timeline was not released.

July 24, 2025

Acquisitions Georgia Loans Office Southeast

Peachtree Group Originates $42M Acquisition Loan for Atlanta Financial Center Office Campus in Buckhead

by John Nelson July 24, 2025

ATLANTA — Peachtree Group has originated a $42 million loan for the acquisition and repositioning of Atlanta Financial Center, a 914,774-square-foot office campus in Atlanta’s Buckhead district. The borrower, Miami-based Banyan Street Capital, recently acquired the office campus, which comprises three interconnected towers situated on 13.1 acres atop Ga. Highway 400 with immediate access to a MARTA station. The floating-rate loan carries a 36-month initial term with a 12-month extension option. The loan is backed by completion, interest and carry guarantees from Banyan Street Capital. After being acquired in 2016 by a Sumitomo Corp. affiliate for $222.5 million, Atlanta Financial Center faced tenant departures, softening fundamentals and shifting capital priorities. Banyan Street Capital plans to reposition the campus, starting with the lease-up of the North Tower, which is being supported by capital expenditure reserves and funds for tenant improvements and leasing. The sponsor will also explore larger tenant opportunities and future redevelopment options.

July 24, 2025

Florida Loans Retail Southeast

MMG Equity Partners Obtains $38M Refinancing for Four South Florida Shopping Centers

by John Nelson July 24, 2025

MIAMI — Miami-based MMG Equity Partners has obtained a $38 million loan for the refinancing of four shopping centers in South Florida. JLL arranged the loan through Synovus Bank. The four properties include Pinecrest Center and Pinecrest Shoppes in Pinecrest, Westlake Plaza in Westchester and Naranja Plaza in Homestead. The four properties, which front either South Dixie Highway or Bird Road, total 127,826 square feet and were purchased between 2018 and 2020 for a combined total of $28.9 million. The properties are recently stabilized and have undergone nearly $8 million worth of capital improvements under MMG’s ownership.

July 24, 2025

Illinois Loans Midwest Retail

MMCC Arranges $4.1M Refinancing for Retail Strip Center in Romeoville, Illinois

by Kristin Harlow July 24, 2025

ROMEOVILLE, ILL. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $4.1 million loan for the refinancing of Carillon Court, a 29,891-square-foot retail strip center in the Chicago suburb of Romeoville. The property at 444 N. Weber Road is situated near I-55 and is home to a mix of restaurants and service-oriented businesses, including a dental office, salon and insurance agency. Dean Giannakopoulos of MMCC arranged the loan through a local bank on behalf of the private borrower. The three-year loan features one year of interest-only payments and a 25-year amortization schedule.

July 24, 2025

Newer Posts

Older Posts