Loans

Sonnenblick-Eichner Arranges $50M in Leasehold Financing for Hotel Valencia Santana Row in San Jose

by Amy Works October 15, 2025

SAN JOSE, CALIF. — Sonnenblick-Eichner Co. has arranged $50 million in first mortgage leasehold financing for Valencia Hotel Collection to refinance its Hotel Valencia Santana Row in San Jose. The nonrecourse, fixed-rate loan features interest-only payments for the five-year term and is priced at less than 7 percent. An international money center commercial bank provided the loan. Hotel Valencia Santana Row features 216 guest rooms, 11,188 square feet of indoor/outdoor meeting and event space, a fitness center, rooftop pool and hot tub and an open-air interior courtyard.

October 15, 2025

Development Loans Midwest Nebraska Retail

WarHorse Gaming Receives $300M in Financing for Casino Construction Projects in Nebraska

by Kristin Harlow October 15, 2025

NEBRASKA — Casino operator WarHorse Gaming LLC has secured refinancing of $300 million in startup loans for a five-year deal that will launch the next phase of casino expansions and construction of a new casino in Nebraska. U.S. Bank organized the deal, which includes Capital One, KeyBank, The Huntington National Bank, BOK Financial and Comerica Bank. WarHorse is expanding its casinos at horse racetracks in Omaha and Lincoln. The $70 million expansion of the Lincoln casino will include larger gaming areas for machines, more table games, a new steakhouse and a high-end sports bar. The Omaha expansion was completed in April. New construction of a third casino in South Sioux City is scheduled to begin next summer.

October 15, 2025

Loans Midwest Missouri Multifamily

Berkadia Arranges $15.4M Loan for Refinancing of Multifamily Community in Suburban St. Louis

by Kristin Harlow October 15, 2025

ST. PETERS, MO. — Berkadia has arranged a $15.4 million Freddie Mac loan for the refinancing of Pure St. Peters, a 143-unit multifamily community in the northwest St. Louis suburb of St. Peters. Charles Foschini, Christopher Apone and Shannon Wilson of Berkadia arranged the financing on behalf of the borrower, Tilden Legacy Pure St. Peters Apartments LLC. The loan features a five-year term and a fixed interest rate. The property was 94 percent occupied at the time of the loan closing. The three-story community was built in 2019. Amenities include a pool with sundeck, fitness center, package receiving area, business center and outdoor lounge.

October 15, 2025

Loans Multifamily Texas

JLL Arranges $14.1M Acquisition Loan for Multifamily Property in Abilene, Texas

by Taylor Williams October 14, 2025

ABILENE, TEXAS — JLL has arranged a $14.1 million acquisition loan for The Arch at Abilene, a 192-unit multifamily property located in the West Texas city of Abilene. The property features 72 two-bedroom units and 120 three-bedroom units and amenities such as a pool, clubhouse, business center, fitness center, volleyball court and multiple lounges. Scott Aiese and Alex Staikos of JLL arranged the loan on behalf of the borrower, Eastman Residential. The direct lender was not disclosed.

October 14, 2025

Loans Massachusetts Northeast Retail

PREIT Receives $56M in Financing for Darthmouth Mall in Southeastern Massachusetts

by Taylor Williams October 14, 2025

DARTMOUTH, MASS. — Pennsylvania Real Estate Investment Trust (PREIT) has received $56 million in financing for Dartmouth Mall, a 671,000-square-foot regional shopping and dining destination in southeastern Massachusetts. Tenants that recently committed to Dartmouth Mall include Boot Barn, Locker Room by Lids and Chick-fil-A. Macy’s and J.C. Penney are the mall’s anchor tenants, and other major retailers include Burlington, ALDI, ULTA Beauty, AMC Theatres, H&M, Five Below and Old Navy. The 10-year loan carries a 7.1 percent interest rate for the first five years and matures in October 2035.

October 14, 2025

Florida Loans Multifamily Southeast

Mesa West Capital Originates $66.3M Refinancing for New Apartment Community in Orlando

by John Nelson October 14, 2025

ORLANDO, FLA. — Mesa West Capital has originated a $66.3 million loan for the refinancing of Nova at East Park Village, a newly constructed, 264-unit apartment community located at 10403 Via Parco Orienta in Orlando. Brian Hahn, Russell Frahm and Brad McCarthy of Mesa West Capital’s New York team originated the floating-rate loan for the borrower, a joint venture led by Onicx Group. Kenny Cutler and Jesse Wright of JLL represented the borrower in the loan transaction. Situated on a 10-acre site within Orlando’s Lake Nona submarket, Nova at East Park Village opened in August. The property offers a mix of one-, two- and three-bedroom units, as well as a pool with cabanas and a 24-hour fitness center. Locally based ZRS Management operates the garden-style community.

October 14, 2025

Development Loans Mixed-Use Multifamily Retail Southeast Virginia

FCP Provides $47.1M Construction Financing for Mixed-Use Redevelopment Project in Arlington, Virginia

by John Nelson October 14, 2025

ARLINGTON, VA. — FCP has provided $47.1 million in construction financing for a two-tower mixed-use development located at 685 N. Glebe Road in Arlington, a suburb of Washington, D.C. The site was formerly home to a Macy’s department store in the city’s Ballston neighborhood. The borrower, a partnership between Insight Property Group and PGIM Real Estate, is developing two 16-story residential towers called Mira and Ador that will total 553 apartments and sit atop a 40,000-square-foot grocery store. Amenities will include a shared rooftop pool and sundeck and a variety of outdoor amenities, including dog parks and entertainment areas. Resident parking will be underground, with grocery store customers accessing a separate parking deck with a dedicated entrance. Brian Crivella, Bill Gribbin and Yalda Ghamarian of Berkadia arranged the preferred equity investment on behalf of the development team. Michael Zelin, Marshall Scallan and Bindi Shah of Cushman & Wakefield arranged the senior loan through Northwestern Mutual. Bill Collins, Paul Norman and Shaun Weinberg of Cushman & Wakefield arranged the land sale.

October 14, 2025

Colorado Loans Multifamily Western

Newmark Secures $83.8M in Financing for Denver Multifamily Community

by Amy Works October 14, 2025

DENVER — Newmark has facilitated $83.8 million in financing for The Deveraux, a multifamily community in Denver’s River North (RiNo) neighborhood. The financing was secured through bank lease-up execution on behalf of an undisclosed borrower. Lee Redmond, Nick Schroeder, Courtney Crowder and Jack Kachadurian of Newmark arranged the financing. Delivered in July 2024, The Deveraux features 374 studio, one- and two-bedroom apartments, averaging 732 square feet, and 21,000 square feet of Class A retail space.

October 14, 2025

Loans Midwest Missouri Multifamily

BridgeCore Capital Provides $1.8M Refinancing for Multifamily Property in Berkeley, Missouri

by Kristin Harlow October 14, 2025

BERKELEY, MO. — BridgeCore Capital Inc. has provided a $1.8 million loan for the refinancing of a 44-unit, two-story multifamily property in Berkeley, a northwest suburb of St. Louis. The asset was built in 1957. The borrower was experiencing multiple technical defaults resulting from complexities with the existing agency lender. BridgeCore coordinated directly with the mortgage advisory team and title company to close the transaction within the expedited timeframe. BridgeCore also solved a number of unexpected ancillary issues that arose during the due diligence and closing process, including removal of one of the guarantors, adjusting the insurance coverage period at loan commencement and restructuring an entity certification into a written consent.

October 14, 2025

Data Centers Industrial Loans Southeast Virginia

Penzance Receives $100M Construction Loan for Northern Viriginia Data Center

by Abby Cox October 13, 2025

CHANTILLY, VA. — Penzance has received a $100 million construction loan for the development of Chantilly Premier, a 241,000-square-foot data center in Chantilly, roughly 34 miles west of Washington, D.C. Marshall Scallan, Michael Zelin and Bindi Shah of Cushman & Wakefield arranged the loan through QuadReal Property Group on behalf Penzance. Penzance recently broke ground on the fully preleased center, which is situated on 12 acres of a 79-acre site, located adjacent to the Chantilly Auto Park, according to the Washington Business Journal. An affiliate of Penzance originally acquired the vacant parcel in August 2022. Chantilly Premier is slated for completion by mid-2027.

October 13, 2025

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