Multifamily

Dwight Capital Provides $110M HUD-Insured Loan for Refinancing of Newark Apartment Building

by Taylor Williams April 28, 2026

NEWARK, N.J. — New York City-based Dwight Capital has provided a $110 million HUD-insured loan for the refinancing of 55 Union, a 12-story apartment building in Newark’s historic Ironbound neighborhood. Designed by Minno & Wasko Architects & Planners and completed in 2023, 55 Union offers 403 units in studio, one- and two-bedroom floor plans, as well as 3,222 square feet of commercial space. Residences are furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities include a fitness center, business center, clubroom, coffee bar, private dining room, a rooftop garden and outdoor grilling and dining stations. Josh Hoffman and Jonathan Pomper of Dwight originated the debt through HUD’s 223(f) program on behalf of the borrower, J&L Cos.

April 28, 2026

Loans Multifamily North Carolina Southeast

KeyBank Provides $46.2M Refinancing for Multifamily Portfolio in Fayetteville, North Carolina

by John Nelson April 28, 2026

FAYETTEVILLE, N.C. — KeyBank Real Estate Capital has provided a $46.2 million bridge loan for the refinancing of a three-property multifamily portfolio in Fayetteville, about 65 miles south of Raleigh. Pranav Sarda and Alan Isenstadt from KeyBank’s Income Property Group structured the financing on behalf of the borrower, Valor Residential Group, which acquired the portfolio in 2022. The 508-unit portfolio comprises Carlson Bay (214 units, built in 2000), Meadowbrook (186 units, built in 2001) and Stoney Ridge (108 units, built in 2001).

April 28, 2026

Acquisitions California Multifamily Western

Ballast Acquires Three Multifamily Buildings in San Francisco for $48.5M

by Amy Works April 28, 2026

SAN FRANCISCO — Ballast has purchased three historic multifamily buildings in San Francisco for $48.5 million. Collectively known as the Three Sisters, the properties are located along the Van Ness corridor and the border of the Pacific Heights neighborhood. The thee adjacent six-story buildings offer a total of 110 units in a mix of studio, one- and two-bedroom layouts, along with two ground-floor commercial retail spaces. At the time of sale, the Three Sisters portfolio was 97 percent occupied. Built in 1928, the portfolio features richly preserved architectural detailing, grand lobby space, elevator service, laundry facilities, access to a large shared courtyard and proximity to Polk Street restaurants, shopping, public transportation, Lafayette Park and Alta Plaza Park.

April 28, 2026

Development Florida Seniors Housing Southeast

NEI Completes Construction of 166-Unit Seniors Housing Community in Winter Garden, Florida

by John Nelson April 28, 2026

WINTER GARDEN, FLA. — NEI General Contracting has completed the construction of a new senior living community located in Winter Garden, a western suburb of Orlando. NEI acted as the general contractor on behalf of the developer, Leo Brown Group. Dubbed Mission Grove at Stoneybrook, the property totals 166 units, with independent living and assisted living apartments and a dedicated memory care space. Amenities at the community include a swimming pool, pickleball courts, fireside lounges and a grab-and-go café.

April 28, 2026

Acquisitions Multifamily Oregon Western

Capstone Partners, PCCP Divest of 167-Unit Multifamily Property in Portland for $30.7M

by Amy Works April 28, 2026

PORTLAND, ORE. — Capstone Partners and PCCP have completed the sale of Grant Park Village Quimby, a multifamily community in Portland, to Laurel Property Group for $30.7 million. Joe Nydahl and Josh McDonald of CBRE represented the seller and buyer in the transaction. Scott Williams and Ryan Johnson of CBRE Debt & Structured Finance assisted with the deal. Grant Park Village Quimby in Portland, Ore., offers 161 apartments. Completed in 2018, the property features 167 studio, one- and two-bedroom units averaging 554 square feet. The mid-rise community features a fitness center, resident lounge, outdoor courtyard and pet spa.

April 28, 2026

Acquisitions Multifamily Nevada Western

Northcap Commercial Brokers $20M Sale of Bonanza Gardens Apartments in Las Vegas

by Amy Works April 28, 2026

LAS VEGAS — Northcap Commercial has arranged the sale Bonanza Gardens Apartments, a multifamily property located at 2751 E. Bonanza Road in Las Vegas. The property sold for $20 million, or $116,959 per unit. Built in 1964, the community features 171 apartments. Robin Willett, Devin Lee and Jerad Roberts of Northcap Commercial represented the undisclosed seller and procured the buyer in the off-market transaction.

April 28, 2026

Illinois Loans Midwest Multifamily

Walker & Dunlop Provides $60M in Financing for Multifamily Community in Wilmette, Illinois

by Kristin Harlow April 28, 2026

WILMETTE, ILL. — Walker & Dunlop has provided nearly $60 million in construction take-out financing for Optima Verdana, a luxury multifamily community in Wilmette developed by Optima. Dave Hendrickson, Pat Modig, Jonathan Paine, Mo Beler, Will Crittenberger and Philippe LaPointe of Walker & Dunlop originated the Freddie Mac loan, which features a fixed interest rate and interest-only payments. Completed in 2023, Optima Verdana features 100 apartment units and 5,900 square feet of retail space. Residences average 1,499 square feet.

April 28, 2026

Acquisitions Loans Multifamily Texas

Knightvest Capital Acquires 389-Unit Apartment Building in Uptown Dallas

by Taylor Williams April 27, 2026

DALLAS — Locally based investment firm Knightvest Capital has acquired Ardan West Village, a 389-unit apartment building in Uptown Dallas. Ardan West Village is a 23-story building that was constructed in 2018 and houses 284 one-bedroom units with an average size of 801 square feet and 105 two-bedroom apartments with an average size of 1,312 square feet. Residences are furnished with stainless steel appliances, quartz countertops, wood-style flooring, floor-to-ceiling windows and individual washers and dryers. Amenities include a pool, fitness center, coworking lounge, private conference room and a pet spa. Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill and Cameron Purse of IPA represented the seller, Mill Creek Residential, which operated the property on behalf of institutional investors, in the transaction. The team also procured Knightvest as the buyer. Mark Brandenburg of JLL arranged an undisclosed amount of floating-rate acquisition financing for the deal through Blackstone Real Estate Debt Strategies.

April 27, 2026

Acquisitions Multifamily Southeast Virginia

Berkadia Negotiates $17.7M Sale of Ivy Gates Townhome Community in Petersburg, Virginia

by Abby Cox April 27, 2026

PETERSBURG, VA. — Berkadia has negotiated the $17.7 million sale of Ivy Gates, a 120-unit townhome community located in Petersburg, roughly 24 miles south of Richmond. Drew White, Carter Wood, Matt Straughan and Cole Carns of Berkadia represented the seller, Lakewood, N.J.-based Greencove Group, in the transaction. CCM, an investment company in Sterling, Va., acquired Ivy Gates. Herndon, Va.-based SYM Properties is managing the property. Built in 1973, Ivy Gates features two-and three-bedroom townhomes ranging in size from 1,369 to 1,677 square feet. Select townhomes feature finished basements with full bathrooms and wood-burning fireplaces. Community amenities include a swimming pool with a sundeck, community lawn, playground and pet-friendly outdoor areas. The property also benefits from proximity to major retail and entertainment destinations such as the 800,000-square-foot Southpark Mall in Colonial Heights and the 190-acre Old Towne Petersburg historic district.

April 27, 2026

Loans Multifamily Seniors Housing Utah Western

Lument Provides $26.8M Freddie Mac Loan for Seniors Housing Community in Utah

by Amy Works April 27, 2026

OGDEN, UTAH — Lument has provided a $26.8 million Freddie Mac loan for the refinancing of Treeo South Ogden, a senior living community located in Ogden, roughly 30 miles north of Salt Lake City. Leisure Care, which owns and operates the community, is the borrower. Opened in 2015, Treeo South Ogden features 143 independent living units. Tyler Armstrong, Chris Cain and Taylor Russ of Lument led the transaction. The loan, which features a 10-year term with five years of interest-only payments and a 30-year amortization period, is being used to refinance existing bank debt and provide cash-out proceeds for future development.

April 27, 2026

Newer Posts

Older Posts