Loans

CBRE Arranges $40M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams February 26, 2026

MORRISTOWN, N.J. — CBRE has arranged a $40 million construction loan for an 89-unit multifamily project that will be located in the Northern New Jersey community of Morristown. Known as Morristown Station, the development will comprise 76 market-rate apartments and 13 affordable housing units, mostly in two-bedroom floor plans, as well as 5,111 square feet of retail space. Matthew Pizzolato and Josh Stein of CBRE arranged the loan through Truist Bank on behalf of the owner, an entity doing business as Lackawanna Place Morristown Urban Renewal LLC.

February 26, 2026

Loans Louisiana Office Southeast

JLL Arranges $61M Loan for Energy Centre Office Tower in New Orleans

by John Nelson February 25, 2026

NEW ORLEANS — JLL has arranged a $61 million loan for Energy Centre, a 757,257-square-foot office tower located at 1100 Poydras St. in New Orleans. Situated in city’s central business district, the Class A, 39-story building is the fourth-tallest property in New Orleans, according to JLL. Scott Aiese, Alex Staikos and Clayton Ross of JLL arranged the fixed-rate, five-year permanent loan on behalf of the borrower, Triangle Capital Group. Fully renovated in 2009, Energy Centre was 86.4 percent leased at the time of loan closing to a tenant mix that includes legal, finance, medical and other professional services, with a weighted average lease tenure (WALT) of nearly 18 years.

February 25, 2026

California Loans Multifamily Western

PSRS Arranges $5.7M Refinancing for Two-Building Multifamily Portfolio in San Diego

by Amy Works February 25, 2026

SAN DIEGO — PSRS has arranged the $5.7 million refinance of a two-property multifamily portfolio in San Diego. Totaling 24 units, the portfolio consists of an eight-unit building and a 16-unit complex, both of which have undergone interior and exterior renovations as recent as 2020. Trevan Swierczewski and Alexander Santulis of PSRS executed the internal refinance with the existing bank lender, negotiating a prepayment penalty reduction to capture a dip in Treasuries. The resulting nonrecourse loan features a five-year, fixed-rate term and competitive interest-only pricing.

February 25, 2026

Acquisitions Loans Midwest Multifamily Wisconsin

Berkadia Arranges $69M in Acquisition Financing for Two Multifamily Properties in Wisconsin

by Kristin Harlow February 25, 2026

PLEASANT PRAIRIE, WIS. — Berkadia has arranged the sale and $69 million in acquisition financing for Cobblestone Creek and Fountain Ridge, two multifamily properties in Pleasant Prairie within Kenosha County. Pete Evans and Richard Evans of Berkadia represented the undisclosed seller, while Laura Cathlina, Chris Blechschmidt and Emily Stang of Berkadia arranged Freddie Mac financing on behalf of the buyer, Illinois-based Santefort Real Estate Group. Cobblestone Creek is a four-building, 164-unit community built from 2013 to 2015. Fountain Ridge consists of 262 units across 13 buildings and was built from 2017 to 2019. Both properties have been consistently fully occupied and present value-add upside, according to Berkadia.

February 25, 2026

Florida Industrial Loans Southeast

Redfearn Capital, TPG Angelo Gordon Close $150M Refinancing for Industrial Portfolio in Florida

by John Nelson February 24, 2026

DELRAY BEACH, FLA. — A partnership between Delray Beach-based Redfearn Capital and TPG Angelo Gordon’s U.S. Real Estate platform has closed on the refinancing for a 10-property industrial portfolio in Florida. CBRE’s Debt & Structured Finance Team secured the $150 million refinancing through Prospect Ridge. The financing includes an initial $80 million backed by the portfolio and up to $70 million in additional capacity to support future acquisitions. The portfolio is located across seven high-growth Florida markets: Orlando, Clearwater, Pompano Beach, Jacksonville, Naples, Hialeah and Miramar. The properties total 590,895 square feet and were 98.4 percent leased at the time of financing to 19 tenants. Redfearn Capital and TPG Angelo Gordon have acquired 37 industrial assets in Florida spanning approximately 3.2 million square feet since 2021. The 10 properties in the refinanced portfolio were assembled by the partnership from June 2022 through October 2025.

February 24, 2026

Loans Multifamily North Carolina Southeast

Walker & Dunlop Provides $50.5M Agency Refinancing for Apartment Community in Metro Raleigh

by John Nelson February 24, 2026

KNIGHTDALE, N.C. — Walker & Dunlop has provided a $50.5 million Freddie Mac loan for the refinancing of Parkstone at Knightdale, a 350-unit apartment community located at 1001 Park Commons Drive in Knightdale, an eastern suburb of Raleigh. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer and Jackson Irwin of Walker & Dunlop originated the loan on behalf of the borrower, The Widewaters Group Inc. Apprise, Walker & Dunlop’s independent third-party appraisal platform, appraised the transaction. Parkstone at Knightdale features one-, two- and three-bedroom units, as well as a fitness center, resort-style pool, playground, pet wash station, resident storage units and an outdoor lounge with a grilling station.

February 24, 2026

Loans Multifamily New York Northeast

Gantry Arranges $48.3M in Acquisition Financing for Multifamily Portfolio Near Buffalo

by Taylor Williams February 24, 2026

HAMBURG, N.Y. — San Francisco-based intermediary Gantry has arranged $48.3 million in acquisition financing across three Fannie Mae loans for a portfolio of four multifamily properties totaling 671 units in Hamburg, located just south of Buffalo. The unnamed properties were all built in the 1970s, and the loans were all structured with fixed interest rates. Tom Grzebinski and Zach Wagner of Gantry structured the deal, which involved one loan cross-collateralizing two adjacent properties that will be managed as one community. Walker & Dunlop provided the debt to an undisclosed borrower.

February 24, 2026

California Colorado Hawaii Industrial Loans Self-Storage Western

Talonvest Capital Arranges $42.6M in Financing for Three Western Self-Storage Properties

by Amy Works February 24, 2026

HAWTHORNE, CALIF., WAIPAHU, HAWAII, AND DENVER — Talonvest Capital has arranged $42.6 million in permanent financing across three self-storage properties on behalf of The William Warren Group. The sponsor is a privately held national real estate investment firm specializing in self-storage development, acquisition and management. The financing includes:

February 24, 2026

California Development Loans Multifamily Office Western

Thorofare Capital Provides $22M in Financing for Office-to-Residential Conversion in Los Angeles

by Amy Works February 24, 2026

LOS ANGELES — Thorofare Capital has funded a $22 million floating-rate senior mortgage loan for an office-to-residential conversion project in Los Angeles. The undisclosed borrower plans to convert a six-story, 259,484-square-foot building along Wilshire Boulevard into a 265-unit multifamily property offering 451 onsite parking spaces.

February 24, 2026

Acquisitions Loans Louisiana Multifamily Southeast

Red Oak Provides $3.5M Bridge Loan for Apartment Community in Bossier City, Louisiana

by John Nelson February 23, 2026

BOSSIER CITY, LA. — Red Oak Capital Holdings LLC has provided a $3.5 million bridge loan for the acquisition and repositioning of Swan Lake Apartments, an 82-unit community located at 4632 Ruffin St. in Bossier City. Stratos Athanassiades, Thomas Gorski and James Myatt of Red Oak secured the loan on behalf of the borrower, GemStar Capital Group. The loan features an initial 18-month term and was underwritten at a loan-to-stabilized-value ratio of 73.46 percent. Built in 1970, Swan Lake comprises 12 two-story buildings and was 82 percent occupied at loan closing. The 5.2-acre property features a unit mix of 35 one-bedroom, 41 two-bedroom and six three-bedroom apartments. The borrower plans to make light interior renovations and modest exterior repairs/enhancements over the next 12 months. Swan Lake is the first acquisition outside of the Northeast for GemStar.

February 23, 2026

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