Wednesday, November 12, 2025
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Multifamily

US Treasury 10 Year Rates
Content PartnerFeaturesLeasing ActivityLoansMidwestMultifamilyNortheastSoutheastTexasWalker & DunlopWestern

How to Maintain Multifamily Investment Momentum in the Face of Rising Interest Rates

by Sarah Daniels

By Melissa Jahnke, associate director of operations, Walker & Dunlop The Federal Reserve raised interest rates by 75 basis points in June and then another 75 basis points in July, sending shockwaves across the commercial real estate industry. Fortunately, there are opportunities and solutions to bypass these potential roadblocks. Specifically, investors in a segment of multifamily housing known as small balance lending (SBL), encompassing five- to 150-unit properties, have several options to realize their aspirations for financing multifamily portfolios. View a higher resolution version of the timeline above here. During a recent webcast “Financing Amid Rising Rates: Best Approaches for $1M-$15M Multifamily Loans,” Walker & Dunlop’s market experts spoke about navigating today’s financing landscape. The expert panel included Allison Williams, senior vice president and chief production officer; Allison Herrera, senior director of SBL; and Tim Cotter, director of capital markets. These experienced professionals have found ways to make deals happen in a wide variety of financing environments and have shared their perspectives and guidance. If you are an owner of five- to 150-unit properties that require loans between $1 million to $15 million, the following will help you navigate today’s financial environment and build your momentum. Step 1: Consider the …

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AcquisitionsMultifamilyTexas

Waterton Acquires 434-Unit Mission Gate Apartments in Plano

by Taylor Williams

PLANO, TEXAS — Chicago-based investment firm Waterton has acquired Mission Gate, a 434-unit apartment community in Plano. Built on 24 acres in 1999, Mission Gate features one-, two- and three-bedroom units with an average size of 965 square feet across 13 buildings. Amenities include a pool, outdoor grilling stations, a playground and a dog park. Waterton plans to invest in capital improvements to unit interiors and common areas. The seller and sales price were not disclosed.

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LoansMultifamilyNorthmarqTexas

Northmarq Arranges $43.7M in Acquisition Financing for Five Austin Multifamily Properties

by Taylor Williams

AUSTIN, TEXAS — Northmarq has arranged three bridge loans totaling $43.7 million for the acquisition of five multifamily properties in Austin. The properties include Mueller I and II, which feature a combined 110 units and are located in the Windsor Park area; Villas at Mueller, a 124-unit community; the 40-unit Spanish Trails Apartments; and the 51-unit Miller Square Apartments. Chase Johnson and Brian Fisher of Northmarq originated the financing on behalf of the borrower, Zion Capital. The direct lenders were not disclosed.

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DevelopmentLoansMultifamilyNew JerseyNortheast

JLL Arranges $47M Construction Loan for Southern New Jersey Multifamily Project

by Taylor Williams

BURLINGTON COUNTY, N.J. — JLL has arranged a $47 million construction loan for an undisclosed, 300-unit multifamily project that will be located in Southern New Jersey’s Burlington County. The community will offer one-, two- and three-bedroom units with an average size of 971 square feet. Amenities will include a pool, fitness center, business center, courtyard lounge, dog park, grilling stations and walking trails. Matthew Pizzolato, Michael Klein and Salvatore Buzzerio of JLL arranged the three-year, floating-rate loan through Wells Fargo on behalf of the undisclosed borrower. Completion is slated for the second quarter of 2024.

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Affordable HousingDevelopmentMultifamilyNew YorkNortheastSeniors Housing

Catholic Charities Opens 135-Unit Affordable Seniors Housing Community in Brooklyn

by Taylor Williams

NEW YORK CITY — Catholic Charities of Brooklyn & Queens has opened the doors on Pope Francis Apartments of Loreto, a 135-unit affordable seniors housing community in the Brownsville neighborhood of Brooklyn. Designed by RKTB Architects, the development replaces a former Catholic church that closed in 2009.  The new residence meets Enterprise Green Communities Criteria, a comprehensive green building framework specifically for affordable housing. The design and development team previously completed the adjacent Monsignor Anthony J. Baretta Apartments, which is considered Phase I of a larger set of redevelopment plans.

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Laguna-del-Rey-Apts-Playa-Del-Rey-CA
CaliforniaLoansMultifamilyWestern

PSRS Arranges $22M Refinancing for Laguna Del Rey Apartments in California

by Amy Works

PLAYA DEL REY, CALIF. — PSRS has arranged a $22 million cash-out refinance of Laguna Del Rey Apartments, a multifamily property in Playa del Rey. Seth Ludwick secured the non-recourse loan that features a seven-year interest-only term, which includes a six-month forward rate lock and step-down prepay after year three. The loan was financed with one of PSRS’ life insurance correspondents. Laguna Del Rey Apartments features 130 units in a variety of floor plans, common area amenities and open parking spaces.

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Metro3610-Riverside-CA
AcquisitionsCaliforniaMultifamilyWestern

Silver Star Real Estate Buys 304-Unit Multifamily Property in Riverside, California

by Amy Works

RIVERSIDE, CALIF. — CBRE has arranged the sale of Metro 3610, a value-add apartment community located at 3610 Banbury Drive in Riverside. La Palma, Calif.-based Silver Star Real Estate acquired the asset for an undisclosed price. Dean Zander and Stewart Weston of CBRE represented the undisclosed sellers in the deal. Built in 1984 on 15.2 acres, Metro 3610 features 304 apartments; two swimming pools with a spa and wading pool; tennis courts; a resident clubhouse; fitness center; and open green space with picnic areas, grilling stations and a playground. Apartments feature kitchens with a complete appliance package, air conditioning, walk-in closets and washers/dryers in two-bedroom floorplans.

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Village-28-Phoenix-AZ
AcquisitionsArizonaMultifamilyWestern

ABI Multifamily Brokers $9M Sale of Village 28 Apartment Community in Phoenix

by Amy Works

PHOENIX — ABI Multifamily has arranged the sale of Village 28, a multifamily property located at 4750 N. 28th St. in Phoenix. A Washington-based seller sold the asset to a Washington-based buyer for $9 million, or $361,000 per unit. Built in 1969 and renovated in 2018, Village 28 consists of 25 garden-style, two-bedroom/one-bath units with private patios and in-unit washers/dryers. John Klocek, Patrick Burch, Mitchell Drake, Carson Griesemer and Dallin Hammond of ABI Multifamily represented both parties in the transaction.

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IndianaLoansMidwestMultifamily

Eastern Union Arranges $54M in Acquisition Financing for Indianapolis Multifamily Portfolio

by Kristin Harlow

INDIANAPOLIS — Eastern Union has arranged $54 million in acquisition financing for a three-property multifamily portfolio totaling 628 units in Indianapolis. Built in 1980, Lake Marina features 348 units across 28 buildings. Lake Marina Realty LLC was the seller. Country Lake Townhomes is a 184-unit property that was built in 1974. Country Lake Apartments LLC was the seller. Zidan Realty Investments sold the 96-unit Fountainview, which was constructed in 1965. Michael Muller of Eastern Union arranged the 10-year, floating-rate loan with interest-only payments for the first five years. Arbor provided the Fannie Mae loan. The borrower was undisclosed.

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Oaks-of-St.-Clair-Moody-Alabama
AlabamaLoansMarylandMultifamilySoutheastTop StoriesVirginia

JLL Provides $262M Agency Refinancing of Southeastern Multifamily Portfolio

by Taylor Williams

TAMPA, FLA. — JLL has provided $262 million in Freddie Mac loans for the refinancing of a portfolio of six Southeastern multifamily properties totaling 1,494 units. Tampa-based Carter Multifamily owns the properties, which are located in Maryland, Virginia and Alabama. The portfolio comprises all garden-style assets, including: the 326-unit Park at Kingsview Village in Germantown, Md. the 240-unit Stonecreek Club in Germantown, Md. the 336-unit Hunt Club in Gaithersburg, Md. the 220-unit Springwoods at Lake Ridge in Woodbridge, Va. the 180-unit Windsor Park in Woodbridge, Va. the 192-unit Oaks of St. Clair in Moody, Ala. Melissa Marcolini Quinn and Lee Weaver of JLL originated the debt through Freddie Mac. Each of the loans was features a seven-year term and a floating interest rate. JLL, which will service the loans, also secured $40 million in new equity as part of the larger recapitalization of the portfolio. The equity partner was not disclosed. “Despite turbulent debt markets, we were able to facilitate a refinance of the portfolio with favorable senior financing from Freddie Mac, which was attracted to the deal due to the portfolio’s contribution to its mission and the borrower’s strong track record,” says Quinn. — Taylor Williams

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