PLYMOUTH TOWNSHIP, MICH. — Bernard Financial Group (BFG) has secured a $1.5 million loan for the refinancing of a 53,314-square-foot office property in Plymouth Township. Adam Ferguson of BFG arranged the loan on behalf of the borrower, Plymouth Commerce Center LP. A life insurance company provided the loan.
MOUNT PLEASANT, S.C. — JLL Capital Markets has arranged a $14.3 million loan for the refinancing of The Plaza at East Cooper, a 102,731-square-foot shopping center located in Mount Pleasant, roughly two miles from downtown Charleston. Eric Tupler, Rob Bova and Ellie Savage of JLL’s Debt Advisory team, along with Alexis Kaiser of JLL’s Charlotte office, represented the borrower, an entity doing business as Bamoza LLC, in securing the loan through an unnamed insurance company lender. Aldi anchors The Plaza at East Cooper, which was 85 percent leased at the time of sale to tenants including Firehouse Subs, Batteries Plus and 843 Nail & Spa. The center was originally built in 1975 on roughly 37 acres, according to LoopNet.
VANCOUVER, WASH. — Gantry has secured a $27.8 million permanent loan to refinance maturing debt for Hazel Dell Marketplace, a grocery-anchored retail center in Vancouver. Situated on 28 acres at 408-512 NE 81st St., Hazel Dell offers 227,680 rentable square feet spread across 11 buildings. Current tenants include Safeway, Ross, Marshalls and Parkrose Hardware. Blake Hering and Abi Hunter of Gantry represented the borrower, a family office owner and developer partnership between two family office groups, in the financing. The fixed-rate, 10-year loan was secured from one of Gantry’s exclusive correspondent life company lenders and features an introductory interest-only period and a 30-year amortization schedule. Gantry will service the loan.
HOUSTON — JLL has arranged a construction loan of an undisclosed amount for Clock Tower Residences, a multifamily project that will be located in the Heights area of Houston. Clock Tower Residences will consist of 214 traditional residential units, four live-work units and a food-and-beverage concept on the ground floor. Residential amenities will include multiple lounges, coworking spaces and media rooms, as well as a fitness and wellness center. Colby Mueck, Michael Johnson, Davis Burnett and James Lovell of JLL arranged the four-year loan through Veritex Community Bank on behalf of the borrower, a joint venture between Houston-based Radom Capital and Charlotte-based Asana Partners.
CHANDLER, ARIZ. — Essex Real Estate Capital Advisors has secured a $46 million construction loan for Chandler Innovation Park, a Class A speculative industrial development in Chandler. The sponsor is Colorado-based DPC Development Cos. The loan was secured through Principal Asset Management. Situated on 21.3 acres, Chandler Innovation Park will feature a 39,387-square-foot building, a 99,222-square-foot building and a 189,167-square-foot asset. The three buildings will be front-park, rear-load facilities designed for manufacturing and logistics users. Construction began in July 2025, with completion scheduled for August 2026. Alcorn Construction is serving as general contractor. Lee & Associates is handling leasing for the project.
DE PERE, WIS. — Associated Bank has provided a $12.8 million construction loan for a mixed-use redevelopment of 550 William Street in De Pere, just south of Green Bay. The project is on the site of a former Shopko store. Plans for the five-story development include 60 multifamily units and 7,900 square feet of commercial space on the first floor. The project is currently under construction, with completion slated for July 2026. The Shopko store closed six years ago. The project marks the first building of a multi-phase redevelopment plan, which includes a hotel, city-owned parking structure and another residential building. Tim Jorgensen of Associated Bank handled the loan arrangements and closing.
WESTCHESTER COUNTY, N.Y. — Starwood Property Trust has provided $500 million in financing for a portfolio of 42 industrial buildings totaling approximately 2.4 million square feet in Westchester County, located north of New York City. The buildings are housed within three industrial parks and ae collectively known as the Westchester Industrial Portfolio. Peter Rotchford, Christopher Peck, Andrew Scandalios, Tyler Peck and Christopher Pratt of JLL arranged the debt on behalf of the owner, a partnership between affiliates of Dune Real Estate Partners and Robert Martin Co.
MIAMI — Madison Newbond, a lending platform of Madison Realty Capital and Newbond Holdings, has originated a $79.3 million loan for the refinancing of JW Marriott Marquis Miami, a 41-story hotel located at 255 Biscayne Blvd. Way in downtown Miami. Paul Stasaitis, Kevin Davis, Mark Fisher and Henry Winchester of JLL arranged the three-year, floating-rate loan. The 357-room hotel was built in 2010 by the borrowers, MetLife Investment Management and MDM Group, and is part of the four-building Met Square mixed-use complex. The hotel comprises 313 JW Marriot Marquis-branded rooms and 44 Hotel Beaux Arts-branded rooms, which are part of the Marriott’s Autograph Collection and operates as a hotel within a hotel. Amenities include an infinity pool, NBA-sized indoor basketball court, lounge, spa, fitness center, meeting space, ballroom and food-and-beverage outlets. In 2023, MetLife and MDM Group finished a $16 million renovation to upgrade the hotel’s guestrooms, public areas and amenities. The duo plans to make more upgrades beginning next year.
CULVER CITY, CALIF. — Helio Group has received $58 million in refinancing for Arya Apartments, a Class A multifamily property in Culver City. Jeff Sause, Chad Morgan, Jacob Michael and Danny Ryan of JLL represented the borrower in arranging the floating-rate loan with Canyon Partners Real Estate. Arya Apartments features 38 studio units, 36 one-bedroom units and 45 two-bedroom units with luxury finishes and smart home technology. The community includes a fitness center with Technogym equipment, a rooftop lounge with barbecue areas, a coworking lounge with conference room, electric vehicle charging stations and a future rooftop pool.
PHOENIX — PSRS has arranged $3.3 million in refinancing for a commercial kitchen facility in Phoenix. The property features 22 private, health department-approved commercial kitchens ranging from 250 square feet to 500 square feet. Shared amenities include walk-in freezers and coolers, dry storage and dedicated areas for pick-up, delivery and order fulfillment. Mike Davis and Garrett Carter of PSRS secured the loan that includes a three-year term and 25-year amortization schedule through one of PSRS’ correspondent life insurance company lenders.