Wednesday, April 22, 2026
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GeorgiaLoansMultifamilySoutheast

Greystone Provides $17.8M Refinancing Loan for Apartment Complex Near Atlanta

by Alex Tostado

FAIRBURN, GA. — Greystone has provided a $17.8 million Fannie Mae refinancing loan for Cambridge Faire Apartment Homes in Fairburn. The 12-year loan features two years of interest-only payments and a 30-year amortization schedule. The undisclosed borrower will use the funds to further upgrade the community. The 208-unit property offers one-, two- and three-bedroom floor plans. Communal amenities include a pool, fitness center, clubhouse, sports courts, dog park and a car wash area. The asset, which was built in 2001, is situated at 900 Meadow Glen Parkway, 21 miles southwest of downtown Atlanta. Keith Hires of Greystone originated the loan on behalf of the borrower.

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LoansMultifamilyTexas

Dwight Capital Provides $23.8M HUD Green Loan for Refinancing of Austin Apartments

by Taylor Williams

AUSTIN, TEXAS — New York City-based Dwight Capital has provided a $23.8 million HUD loan for the refinancing of Oxford at Tech Ridge, a 256-unit apartment community in Austin. The property features one- and two-bedroom units and amenities such as a pool, fitness center, indoor basketball court, resident clubhouse, business center and a dog park. Brandon Baksh and Brian Yee of Dwight Capital originated the loan through HUD’s Green Mortgage Insurance Premium program, which allowed for a reduced rate of 0.25 percent based on the property’s green/energy efficient status. The sponsor was Justin Swartz, owner of Oxford at Tech Ridge Apartments LLC.

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IndianaLoansMidwestMultifamily

Greystone Provides $27.6M Acquisition Loan for Indiana Apartment Complex

by Kristin Harlow

HAMMOND, IND. — Greystone has provided a $27.6 million Freddie Mac loan for the acquisition of Tanglewood Apartments in Hammond, about 25 miles south of Chicago. The 384-unit Class B multifamily property consists of 16 three-story buildings. Amenities include a clubhouse, pool, sauna, fitness center and picnic areas. Dan Sacks and Eric Rosenstock of Greystone originated the loan on behalf of the borrower, Bayshore Properties. The 10-year loan, which features two years of interest-only payments, includes a 30-year amortization. Bayshore purchased the asset for $33.5 million.

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CaliforniaLoansMultifamilyORIXWestern

Hunt Real Estate Capital Provides $20.8M HUD Refinancing for Rio Vista Apartments in San Diego

by Amy Works

SAN DIEGO — Hunt Real Estate Capital has funded a $20.8 million refinancing through the FHA 223(a)(7) loan program for Rio Vista Apartments, an affordable multifamily property in the San Ysidro district of San Diego. Standard Cos. is the borrower. The loan features a 35-year term and refinances an existing FHA 223(f) loan, providing significant annual debt service savings with a lower interest rate and reduced mortgage insurance program. Built in 1985, Rio Vista Apartments features 161 apartments in a mix of two- and three-bedroom floor plans spread across 12 two-story buildings. At the time of financing, the property was 99 percent occupied. Community amenities include an on-site leasing office, laundry facility, playground, basketball court, swimming pool and community whirlpool. Additionally, the property offers 262 on-site parking spaces. Standard Cos. acquired the property in 2014. The FHA 223(a)(7) loan is exclusively for the refinancing of existing HUD debt on multifamily and healthcare properties.

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IllinoisLoansMidwestMultifamily

American Street Capital Arranges $5.1M Refinancing for Multifamily Building in Chicago

by Kristin Harlow

CHICAGO — American Street Capital (ASC) has arranged a $5.1 million loan for the refinancing of an 18-unit multifamily building in Chicago’s Andersonville neighborhood. The borrower acquired the property in 2010 and fully remodeled it in 2012. Igor Zhizhin of ASC arranged the 20-year, nonrecourse loan with a correspondent agency lender. The loan features a 10-year fixed rate and a 10-year floating rate on a 30-year amortization schedule. The property was fully occupied at the time of loan closing.

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Affordable HousingIndianaLoansMidwestMultifamily

Arbor Provides $4.1M Loan for Refinancing of Affordable Housing Property in Indianapolis

by Kristin Harlow

INDIANAPOLIS — Arbor Realty Trust Inc. has provided a $4.1 million Fannie Mae loan for the refinancing of Fountains West Cooperative in Indianapolis. Built in 1972, the 350-unit affordable housing property features a mix of one-, two- and three-bedroom floor plans. Michael Jehle of Arbor originated the 15-year, fixed-rate loan. The borrower was undisclosed.

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FloridaGeorgiaLoansMultifamilySoutheast

Berkadia Arranges $22M in Equity for Six-Property Multifamily Portfolio in Georgia, Florida

by Alex Tostado

NEW YORK CITY — Berkadia has arranged $22 million in equity for a six-property multifamily portfolio in Georgia and Florida. An undisclosed REIT partnered with the owner of the portfolio, Strategic Holdings. The four properties in Georgia are Belmont Crossing, a 192-unit complex in Smyrna; Sierra Terrace, a 135-unit community in Atlanta; Sierra Village, a 154-unit property in Atlanta; and Georgetown Crossing, a 168-unit asset in Savannah. The two properties in Florida are the 240-unit Park on the Square in Pensacola and the 328-unit The Commons in Jacksonville. Noam Franklin, Chinmay Bhatt and Cody Kirkpatrick of New York City-based Berkadia arranged the equity partner on behalf of the owner. Strategic Holdings acquired the properties from 2016 to 2019 and plans to use the funds to target more acquisitions throughout the Southeast.

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735-dowd-elizabeth-nj
IndustrialLoansNew JerseyNortheast

JLL Arranges $20M Loan for Refinancing of Cold Storage Facility in Elizabeth, New Jersey

by Alex Patton

ELIZABETH, N.J. — JLL has arranged a $20 million loan for the refinancing of a 175,000-square-foot cold storage facility in Elizabeth, a southwestern suburb of New York City. An undisclosed life insurance company provided the 20-year, fixed-rate loan to the borrower, Elberon Development Group. Located at 735 Dowd Ave., the temperature-controlled facility features 40-foot clear heights and a 16,000-square-foot office space. The property also offers convenient access to Newark Liberty International Airport and Port Newark-Elizabeth. Michael Klein, Jon Mikula and Carlos Silva of JLL arranged the loan.

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Carlton-Senior-Living-CA
CaliforniaLoansMultifamilySeniors HousingWestern

CBRE Provides Freddie Mac Financing Package for Carlton Senior Living Totaling $58M

by Amy Works

PLEASANT HILL AND DAVIS, CALIF. — CBRE has provided refinancing loans for three Carlton Senior Living properties totaling $58 million. The portfolio includes Carlton Senior Living Poet’s Corner and Carlton Senior Living Pleasant Hill – Martinez, both located northeast of the Bay Area in Pleasant Hill, as well as Carlton Senior Living Davis in the Sacramento suburb of Davis. The properties feature a combined 251 assisted living units and 64 memory care units and average 93 percent occupancy. Andrew Behrens, Aron Will, Austin Sacco, and Adam Mincberg arranged the Freddie Mac loans, which feature 10-year terms and fixed rates. Two of the loans feature interest-only payments for the full term, while the third is interest-only for half of the term. Carlton is an owner-operator with 11 seniors housing communities across Northern California.

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LoansMultifamilyTexasTop Stories

JLL Provides $181.5M in Refinancing for Four Multifamily Properties in Metro Dallas

by Alex Tostado

DALLAS — JLL has provided Freddie Mac loans for four multifamily properties totaling 1,489 units north of Dallas. The new loans refinance acquisition loans the borrower, an affiliate of Orion Residential Advisors, originally received in 2016. The properties in the portfolio are Orion McKinney, a 453-unit community located in McKinney; Orion McCord Park, a 416-unit community located in Little Elm; Orion Prosper, a 312-unit community in Prosper; and Orion Prosper Lakes, a 308-unit community, also located in Prosper. The assets were completed between 2008 and 2012 with an average unit size of 883 square feet across the portfolio. The properties feature communal amenities such as pools, fitness centers, outdoor entertaining areas and club rooms. “The refinance was critical to our long-term strategic plan for the portfolio,” says Dan Gumbiner, Orion president and CEO. “We were determined to complete the transaction despite the current environment,” referring to the COVID-19 pandemic. Mona Carlton and Kristopher Lowe of JLL represented the borrower in the refinancing loan transaction. JLL also provided the acquisition loans that the new transaction refinances. HFF, a JLL company and Freddie Mac lender, will service all four loans, which feature 10-year terms and fixed interest rates. Deerfield, Ill.-based Orion specializes …

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