SAN DIEGO — PSRS has arranged $5.6 million in refinancing for Washington Center, a shopping center in San Diego. Built in 1979, the 33,971-square-foot asset is leased to a mix of local tenants. James Mulvihill and Kevin Mulvihill of PSRS arranged the financing through one of PSRS’ correspondent life insurance company lenders. The cash-out refinance retired existing debt and provided the undisclosed borrower with additional flexibility through an option to extend the loan term.
DENVER — Redpeak Properties has obtained $33.2 million in agency acquisition financing for Monaco Row, a garden-style apartment property in Denver. Tony Nargi and Eric Tupler of JLL Capital Market’s Debt Advisory team originated the five-year, fixed-rate Fannie Mae loan, which will be serviced by JLL Real Estate Capital. Located at 4665 S. Monaco St., Monaco Row features 196 one- and two-bedroom apartments spread across 16 residential buildings on 8.9 acres. Many units include direct-access garages and offer Rocky Mountain views. Community amenities include a pool, spa, fitness center, resident lounge and pet spa. The property was built in 2013.
SALEM, ORE. — Ethos Commercial Advisors has secured construction financing for The Citizen, an apartment community in Salem. Daniel Natsch and Matthew Illias of Ethos Commercial Advisors originated the $22 million, 36-month construction loan at an 82 percent loan-to-cost ratio for Deacon Development. Located downtown and spanning 64,397 square feet of gross building area, The Citizen will offer 105 apartments. Construction began recently with completion slated for spring 2027.
KATHLEEN, GA. — BWE has provided a $38.5 million loan for Encore at Beacon Place, a 252-unit build-to-rent community located at 40 Cohen Walker Drive in Kathleen, about seven miles south of Warner Robins in central Georgia. Paul Harbor and Caleb Carter of BWE’s Birmingham office originated the bridge loan on behalf of the borrower, a multifamily investment firm based in Alabama. Delivered in February 2025, Encore at Beacon Place offers a mix of one-, two- and three-bedroom cottages. Amenities include a resort-style saltwater pool, pickleball court, clubhouse with a 24-hour fitness center with a fitness studio, community gathering room, business center, cyber café with complimentary Wi-Fi and a coffee bar.
BOSTON — New York City-based Lument has provided a $27 million HUD-insured loan for the refinancing of East Canton Street Apartments, a historic affordable housing property located in the InkBlock neighborhood of Boston. The property consists of four five-story buildings that were originally constructed in the late 1800s and a house total of 80 units. East Canton Street Apartments was converted to HUD-subsidized housing in 1981 and rehabilitated in 2007. Tracy Peters of Lument originated the fixed-rate loan through HUD’s 223(f) program on behalf of the owner, HallKeen Management.
HENDERSON, NEV. — Concord Summit Capital (CSC) has secured $781 million in construction financing for The Four Seasons Private Residences Las Vegas. Two Roads Development, Azure Resorts & Hotels and Luxus Developments are the borrowers. The full capital stack for the project’s vertical construction includes a $526 million senior loan from J.P. Morgan and $255 million in mezzanine and preferred equity from Sculptor Real Estate and Morning Calm Management. Kevin O’Grady and Tyler Beauregard of CSC served as exclusive advisors to the developers. Four Seasons Private Residences will consist of 171 condominium units and 21 custom-built single-family homes within MacDonald Highlands, a gated enclave in the foothills of Henderson, a city southeast of Las Vegas. Construction is underway, with completion slated for mid-2027. Residences will range from two to five bedrooms, all with views of the Las Vegas Strip. Wimberly Interiors is the interior architect for the project. The property will include roughly 90,000 square feet of Four Seasons amenities, including three outdoor pools and a high-end gym. Wolfgang Puck Fine Dining Group will operate an onsite restaurant. Additionally, the Four Seasons Private Residences features a first-of-its-kind collaboration with RH Contract, a division of luxury lifestyle brand and retailer RH, formerly …
HOUSTON — JLL has arranged a loan for the refinancing of a 4411 San Felipe, a 94,825-square-foot office building located in the River Oaks neighborhood of West Houston. Park House Houston, a private social club, anchors the seven-story building, which was built in 2021 and was fully leased at the time of the loan closing. John Ream and Cassie McIntosh of JLL originated the three-year, floating-rate loan, which has an initial financing of $33 million with additional future funding available, through Tannenbaum Capital Group. The borrower was an entity doing business as PH 4411 Houston RE Holdings.
GOLDEN, COLO. — New York-based Integra Real Estate Capital has arranged a $5.4 million loan for the financing of Interplaza West, a 31,675-square-foot retail center located in Golden, approximately 12 miles west of Denver. Russell Kimyagarov of Integra secured the financing through a credit union lender. Petco anchors Interplaza West, which is 90 percent leased. Additional tenants include Adio Health Center and Great Clips.
WYOMING, MICH. — Merchants Capital has secured $74.1 million in debt and $16.7 million in low-income housing tax credit (LIHTC) equity financing for HōM Flats at 28 West Phase 3, a mixed-income workforce housing development in Wyoming near Grand Rapids. Magnus Capital Partners is the developer. Merchants Capital arranged a $30.6 million Freddie Mac 4 percent unfunded forward tax-exempt loan, $16.7 million in 4 percent LIHTC equity financing and a $43.5 million construction bridge loan provided by Merchants Bank. Part of the City of Wyoming’s City Center redevelopment plan, HōM Flats at 28 West Phase 3 adds a residential community adjacent to 28 West Place, a walkable shopping area, and connects to a trail system, pedestrian bridge and Courtside by HōM Flats, a seasonal food truck park. The five-story development will include 162 units restricted for households earning between 40 and 80 percent of the area median income and 38 market-rate units. Phase 1 of HōM Flats at 28 West included 226 units and Phase 2 featured 160 units. Upon completion, Phase 3 will include 63 one-bedroom units, 114 two-bedroom units, 23 three-bedroom apartments and 8,894 square feet of ground-floor commercial space within four elevator-serviced buildings. A childcare center, Grō …
RALEIGH, N.C. — Northmarq has secured a $55 million bridge loan to refinance 403 West, a 438-unit, garden-style apartment community located in Raleigh. Northmarq arranged the three-year loan through Truist Bank on behalf of the borrower, Blackfin Real Estate Investors LLC. Built in 2002, 403 West features one- to four-bedroom floorplans ranging in size from 487 to 1,432 square feet, according to Apartments.com. Amenities at the property include a resident lounge, luxury café station, gas grill pavilion, 24-hour fitness center, bike storage, dog park with a shade pavilion, pickleball court, resort-style swimming pool and a playground.
