Friday, November 21, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Loans

The-BLVD-Newark
LoansMixed-UseNew JerseyNortheast

Eastern Union Arranges $11M Loan for Refinancing of Newark Mixed-Use Building

by Taylor Williams

NEWARK, N.J. — Eastern Union has arranged an $11 million loan for the refinancing of The BLVD, a 71,000-square-foot mixed-use building in Newark. The BLVD is an adaptive reuse of a former office building and is currently under construction. The borrower, Mid-Atlantic Investment Alliance, is converting the property into a 40-unit multifamily building with ground-floor commercial space, with eight units to be designated as affordable housing. Residential amenities will include a rooftop deck, party and game room and a fitness center. Chaim Greenfield, Joseph Sasson and Alex Jaffa of Eastdil Secured arranged the 24-month loan through an undisclosed lender.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaDevelopmentHospitalityLoansMultifamilyRetailWestern

IPA Arranges $60.9M in Redevelopment Financing for Mixed-Use Project in Huntington Beach, California

by Amy Works

HUNTINGTON BEACH, CALIF. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $60.9 million in financing for a 28.9-acre oceanfront redevelopment project in Huntington Beach. Gary Mozer of IPA Capital Markets secured the 18-month, nonrecourse loan on behalf of a California-based investment and development firm. The borrower plans to develop a residential and hospitality property, which was approved by the Huntington Beach City Council, on the parcel. The residential plan includes more than 200 for-sale, single-family detached and attached homes and a 50-unit affordable housing community with 25 units to be rented to hotel workers employed onsite and nearby. The hospitality component will include a 215-room boutique hotel with 19,000 square feet of retail space. Additionally, the project plan includes 2.8 acres of coastal conservation and 4.4 acres of public parks. The project is currently in predevelopment with construction slated to commence near the end of the year.

Continue Reading
FacebookTwitterLinkedinEmail
Build-to-RentLoansSingle-Family RentalTexas

Slatt Capital Arranges $11.2M Bridge Loan for San Antonio Build-to-Rent Project

by Taylor Williams

SAN ANTONIO — California-based mortgage banking firm Slatt Capital has arranged an $11.2 million bridge loan for Villas at Bella Vista, a 43-unit, newly constructed build-to-rent project in San Antonio. The property is located on the city’s west side and offers three- and four-bedroom townhomes with an average size of 1,840 square feet that also feature private backyards and attached garages. Rents at the property start at $2,380 per month. John Darrow and Dominic Sestito of Slatt Capital arranged the loan through Los Angeles-based lender Arixa Capital. The undisclosed borrower will use the proceeds to retire construction debt and fund lease-up costs.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaIndustrialLoansWestern

CrossHarbor Capital Partners Provides $21.5M Loan for Industrial Park in Englewood, Colorado

by Amy Works

ENGLEWOOD, COLO. — CrossHarbor Capital Partners has provided $21.5 million in capital to a joint venture between CenterSquare Investment Management and Quannah Partners. Loan proceeds will go to refinancing The Point, a two-building Class A industrial park in Englewood. Developed by Quannah Partners and CenterSquare in 2024, The Point features 195,000 square feet spread across two buildings on 15 acres at 8039 Chambers St. in Englewood.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLoansMultifamilySoutheast

Berkadia Arranges $65M Refinancing for Apartment Community in Fort Myers, Florida

by John Nelson

FORT MYERS, FLA. — Berkadia has arranged a $65 million bridge loan for the refinancing of The Orchard at Portofino Vineyards, a newly built, 264-unit, garden-style multifamily property located at 9920 Portofino Vineyards Drive in Fort Myers. Brad Williamson, Kyle Ryan, Mitch Sinberg, Scott Wadler and Matt Robbins of Berkadia secured the loan through MF1 Capital on behalf of the owner, Prime Group. The Hollywood, Fla.-based borrower will use proceeds from the two-year, floating-rate loan to pay off a $49.5 million construction loan. Prime Group received its final temporary certificate of occupancy (TCO) for The Orchard at Portofino Vineyards in January. The property was 28 percent occupied at the time of financing.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMassachusettsMultifamilyNortheast

MMCC Arranges $13.6M Loan for Refinancing of Metro Boston Apartment Complex

by Taylor Williams

WAKEFIELD, MASS. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $13.6 million loan for the refinancing of Lofts at 27 Water Street, a 46-unit apartment complex located north of Boston in Wakefield. The complex spans two buildings and includes 13,000 square feet of commercial space. Robert Bhat of MMCC arranged the five-year, nonrecourse loan, which carried an interest rate of 5.86 percent and a 65 percent loan-to-value ratio, through an undisclosed agency lender. The borrower is Pasciuto Properties.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLoansMixed-UseMultifamilyNorth CarolinaOfficeRetailSoutheast

Joint Venture Secures Financing for Office-to-Residential Conversion Project for Former Duke Energy Building in Charlotte

by John Nelson

CHARLOTTE, N.C. — A joint venture between MRP Realty, Asana Partners and Rockefeller Group has received construction financing for Brooklyn & Church, an adaptive reuse project in Charlotte. The project will convert the former Duke Energy headquarters, located at 526 S. Church St., into a 460-unit apartment community with 57,000 square feet of retail space. The financing amount and construction timeline were not disclosed. The Duke Energy headquarters was originally built in 1975. MRP Realty and Asana Partners acquired the building in 2022. The building’s core and shell will be preserved, but the façade will be reskinned with new windows and balconies. Once converted, Brooklyn & Church will comprise 800,000 square feet across 13 stories, with amenities including a rooftop deck and pool with grilling stations, fitness center and spa space, coworking space, bike room and a dog run with pet spa. The property’s loft-style apartments will have 13.6-foot, exposed ceilings. In addition to the apartments and ground-floor retail space, the property will offer a new three-story, 30,000-square-foot retail building at the corner of Church Street and Brooklyn Village Avenue that will be connected to the main building via a 60-foot walkway.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLoansSelf-StorageTexas

Joint Venture Receives $21M Construction Loan for Self-Storage Redevelopment in Irving

by Taylor Williams

IRVING, TEXAS — A joint venture between LaTerra Development and Platinum Storage has received a $21 million loan for a self-storage redevelopment project in Irving. The site at 2488 Market Place Blvd. formerly supported retail use and is adjacent to an existing Home Depot store and a future H-E-B grocery store. The project will transform the former retail site into a 195,000-square-foot facility. The number of units was not disclosed, but the facility will feature climate-controlled space and RV storage capabilities. An affiliate of New York City-based Andover Properties provided the loan.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyTexas

UC Funds Provides $11M Acquisition Loan for Multifamily Portfolio in Northwest Texas

by Taylor Williams

BOSTON — UC Funds, a Boston-based debt fund, has provided an $11 million acquisition loan for a portfolio of four multifamily properties in northwest Texas totaling 275 units. Known as the Medlock Portfolio, the properties are located in Amarillo, Lubbock and Plainview. The loan carries an 18-month term, and the undisclosed sponsor will use a portion of the proceeds to fund stabilization and lease-up costs. Additional details of the transaction were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Silk-Lofts-Bayonne-New-Jersey
LoansMultifamilyNew JerseyNortheast

Dwight Mortgage Trust Funds Two Loans Totaling $45M for Refinancing of New Jersey Apartment Complexes

by Taylor Williams

BAYONNE AND EAST BRUNSWICK, N.J. — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has funded two bridge loans totaling $45 million for the refinancing of a pair of apartment complexes in New Jersey. In the first transaction, Dwight Mortgage Trust provided $21 million in financing for Silk Lofts, an 85-unit apartment complex in the Northern New Jersey community of Bayonne that is a redevelopment of the former factory of women’s apparel retailer Maidenform. The property comprises nine studios, 49 one-bedroom units and 27 two-bedroom units. Amenities include a fitness center, package room and indoor and outdoor lounges. In the second deal, Dwight provided $24 million for Summerhill Gardens, a 96-unit property in the Central New Jersey community of East Brunswick. Summerhill Gardens offers amenities such as a fitness center, playground, pool table, indoor and outdoor lounges and outdoor grilling stations. About a quarter (24) of the residences are designated as affordable housing. The borrower on both deals was AMS Acquisitions.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts