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The-Lariat-Amarillo
LoansMultifamilyTexas

Dwight Mortgage Trust Provides $53M HUD-Insured Financing for Amarillo Multifamily Project

by Taylor Williams

AMARILLO, TEXAS — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided $53 million in HUD-insured financing for construction of The Lariat, a 312-unit multifamily project that will be located in Amarillo. The Lariat will consist of 13 three-story residential buildings, a clubhouse/leasing center and six garages on a 13.5-acre site. The unit mix will comprise 186 one-bedroom apartments and 126 two-bedroom residences. Amenities will include a pool, clubhouse, outdoor courtyard and a dog park. Brandon Baksh and Tommy Ng of Dwight originated the financing through HUD’s 221(d)(4) program on behalf of the borrower, Martin Inderman Development.

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Electronic-Power-Design-Houston
IndustrialLoansTexas

CBRE Arranges Construction Financing for 144,000 SF Manufacturing Facility in Houston

by Taylor Williams

HOUSTON — CBRE has arranged an undisclosed amount of construction financing for a 144,000-square-foot manufacturing facility in Houston that will be located at 430 Lockhaven Drive on the city’s north side. The facility will be a build-to-suit for Electronic Power Design (EPD), a local producer of electrical equipment and systems that also operates a 241,481-square-foot facility next door. John Fenoglio and Brock Hudson of CBRE arranged the loan on behalf of EPD. The direct lender was not disclosed.

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The-Residences-at-1428-Brickell-Miami
FloridaLoansMultifamilySoutheastTop Stories

J.P. Morgan, Sculptor Real Estate Provide $565M in Construction Financing for Downtown Miami Residential Tower

by Taylor Williams

MIAMI — J.P. Morgan (NYSE: JPM) and Sculptor Real Estate have provided $565 million in construction financing for The Residences at 1428 Brickell, a 70-story multifamily tower in downtown Miami’s Brickell Financial District. The borrower is Ytech, a locally based luxury residential development firm led by Yamal Yidios. A breakdown of the financing package was not disclosed, but J.P. Morgan is the senior lender on the project, and Sculptor Real Estate is the junior lender. Melissa Rose and Brian Gaswirth of JLL arranged the debt on behalf of Ytech. Already under construction, The Residences at 1428 Brickell will offer 195 luxury condos, with for-sale prices starting at $4.4 million. Residences will range in size from 1,800 to 4,000 square feet, with select units having two-story layouts. All residences will feature Italian-made Arclinea kitchens, Rimadesio glass partitions, carved-stone tubs and premium OptiGray® glass glazing. The development will offer penthouse units that will range in size from 4,000 to 7,000 square feet, with prices starting at $10 million . The tower will also offer two $60 million upper penthouses that feature 30-foot ceilings, seven bedrooms, nine bathrooms and two balconies facing Biscayne Bay to the east. Residents will have access to more …

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The-Bishop-Plainfield-New-Jersey
LoansMultifamilyNew JerseyNortheast

Invictus Real Estate Provides $60M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams

PLAINFIELD, N.J. — Invictus Real Estate Partners, a New York-based real estate private equity firm, has provided a $60 million construction loan for The Bishop, a multifamily project in the Northern New Jersey community of Plainfield. The site is located at 401 E. 3rd St., and the project, which represents Phase II of a larger development, will add 266 rental units and 10,000 square feet of retail space to the local supply. Amenities will include an outdoor lounge, golf simulator, fitness center, game room, pool, screening room, children’s playroom and a pickleball court. Brian Anderson of Cushman & Wakefield arranged the loan through Invictus on behalf of the borrower, New Jersey-based developer Ramani Group.

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CaliforniaLoansOfficeWestern

Saca Capital Receives $91M in Financing for One America Plaza Office Tower in San Diego

by Amy Works

SAN DIEGO — Saca Capital has obtained a $91 million financing package from Rialto-Hines for One America Plaza, a Class A office tower at 600 W. Broadway in downtown San Diego. Saca Capital acquired the 34-story, 630,000-square-foot office tower from Irvine Co. Rob Rubano, J.P. LeVeque, Ernesto Sanchez and Lars Weston of Cushman & Wakefield represented the borrower in the financing.

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Central-at-Old-Concord
Affordable HousingDevelopmentLoansNorth CarolinaSoutheast

Annex Group to Develop $57M Affordable Housing Development in Charlotte

by Abby Cox

CHARLOTTE, N.C. — The Annex Group has announced plans to develop a $57 million affordable housing community located at 5709 N. Tryon St. in Charlotte. Dubbed Central at Old Concord, the new community will be situated on 3.5 acres and will offer 200 apartments ranging in size from one- to three-bedroom floorplans. The apartments will be reserved for residents earning up to 70 percent of the area median income (AMI). Planned amenities for the five-story building will include a community room, playground, exercise room and a grilling area. Construction for Central at Old Concord is underway, with completion anticipated for summer 2027. Bank of America provided a $39 million construction loan and $23 million in federal equity for the project, while Stifel Public Finance underwrote $28.4 million in bonds provided by Inlivian, the City of Charlotte’s housing authority. The North Carolina Housing Finance Agency (NCHFA) allocated 4 percent tax credits and tax-exempt bonds, while the City of Charlotte provided more than $4 million in Housing Trust Funding (HTF). An additional $22 million in permanent financing was also provided. Partners on the project include Cline Design, McAdams, Shelter Investment Group, ECS Southeast LLP, August Mack Environmental, Capital Consultants, Drucker + Falk, DELCK Group LLC and Impact Housing Indiana Corp. Annex Group is also under construction on Union …

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Savio
FloridaLoansMultifamilySoutheast

Newmark Secures $139M in Financing for Savio Luxury Apartment Community in Delray Beach, Florida

by Abby Cox

DELRAY BEACH, FLA. — Newmark has secured a $139 million loan for the refinancing of Savio, a new, 420-unit luxury apartment community in Delray Beach, approximately eight miles north of Boca Raton. Jordan Roeschlaub, Nick Scribani, Daniel Matz, Max Ralby, Ricky Braha and Sam Speciale of Newmark arranged the financing through CIBC USA on behalf of the borrowers, 13th Floor Investments, Key International, Wexford Real Estate Investors and CDS International Holdings.   Completed between 2024 and 2025, Savio offers a mix of townhomes and studio apartments, as well as one-, two- and three-bedroom layouts. Units range in size from 558 to 1,670 square feet, according to Apartments.com. Rental rates begin at $2,124. Amenities include a resort-style swimming pool and sundeck, a central park, clubhouse lounge, two-story fitness center with yoga and spin studios, coworking spaces and children’s indoor and outdoor play areas, as well as a walking trail.

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Graces Reserve
LoansMultifamilyNorth CarolinaSoutheast

BWE Arranges $37.8M in Acquisition Financing for Apartment Community in Metro Charlotte

by Abby Cox

KANNAPOLIS, N.C. — BWE has arranged $37.8 million in acquisition financing for Graces Reserve, a 240-unit, garden-style apartment community located in Kannapolis, a suburb of Charlotte. Maxx Carney, Dan Rosenberg, Logan Petersmeyer and James Rogers of BWE originated the five-year loan through a life insurance company on behalf of Guardian Capital, a Chicago-based residential real estate owner and operator, and its partner, New York Life Real Estate Investors. In addition to acquiring the property, Guardian plans to execute a value-add strategy that will optimize the property’s performance. Built in 2021, Graces Reserve offers one-, two- and three-bedroom floorplans ranging in size from 785 to 1,060 square feet, according to Apartments.com. Amenities at the complex include a saltwater swimming pool, electric vehicle charging stations, parcel lockers, a package management system, fitness center and a pet park.

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IndustrialLoansNew YorkNortheastWalker & Dunlop

Walker & Dunlop Arranges $45M Bridge Loan for Industrial Property in Valley Cottage, New York

by Taylor Williams

VALLEY COTTAGE, N.Y. — Walker & Dunlop has arranged a $45 million bridge loan for the refinancing of Lincoln Logistics Center, a roughly 220,000-square-foot industrial property in Valley Cottage, about 30 miles north of New York City. The facility sits on a nearly 20-acre site and features a clear height of 36 feet, 34 loading dock doors, two drive-in doors and 123 car parking spaces foot clear heights. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Ari Hirt and Stanley Cayre of Walker & Dunlop arranged the loan on behalf of the owner, a joint venture between PCCP LLC and Lincoln Equities Group. Rialto Capital Management provided the financing.

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Affordable HousingIndianaLoansMidwestMultifamily

Merchants Capital Secures $56M in Financing for Affordable Housing Property in Fishers, Indiana

by Kristin Harlow

FISHERS, IND. — Merchants Capital has secured more than $56 million in financing for the acquisition and substantial rehabilitation of Cumberland Crossing, a 232-unit affordable housing property in Fishers developed by Birge & Held. The re-syndication of tax credits will extend Cumberland Crossing’s affordability period for an additional 30 years, with rent restrictions for half of the units at 50 percent of the area median income (AMI) and the other half of the units at 60 percent AMI. Birge & Held acquired the property via transfer of physical assets and assumed the existing $14.4 million HUD 223(f) loan, which was originated in 2019. Merchants Capital simultaneously closed a $17.2 million HUD 241(a) supplemental permanent mortgage for the property that will be drawn as renovations progress. Additionally, Merchants Capital provided $19.9 million in federal low-income housing tax credits and $4.4 million in solar tax credits, with equity bridge loan financing provided by a third-party bank. Cumberland Crossing features one-, two- and three-bedroom garden-style apartment units. The tenant in-place rehab includes the installation of solar power for electricity as well as common area and exterior updates, including new siding and windows, garage and carport repairs, updated landscaping, sidewalk improvements and parking lot …

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