REBusinessOnline

JLL Arranges $200.6M Credit Facility for Industrial Portfolio in Texas

HOUSTON — JLL has arranged a $200.6 million, seven-year credit facility for a portfolio of industrial properties located throughout the four major markets of Texas. The Class A portfolio, which was fully leased at closing time, spans 18 single-tenant properties totaling approximately 1.7 million square feet. Thirteen of the assets are in Houston industrial markets, with two each in Austin and Dallas markets and one property in San Antonio. Tyler Ford and Tolu Akindele of JLL handled the …

Industrial, Loans, Texas

Dougherty Arranges Acquisition Financing for 384-Unit Multifamily Asset in Metro Dallas

LANCASTER, TEXAS — Dougherty Mortgage LLC has arranged an undisclosed amount of Fannie Mae acquisition financing for Rolling Hills Apartment Homes, a 384-unit asset located in the southern Dallas suburb of Lancaster. The property features a dog park, fitness center, pool and a playground. Dougherty arranged the 12-year loan, which carried a 30-year amortization schedule, through a partnership with Old Capital Lending on behalf of the borrower, RHP202

Loans, Multifamily, Texas

3650 REIT Provides $90M Loan for Refinancing of Plano Hotel

PLANO, TEXAS — 3650 REIT, a Miami-based balance-sheet lender, has provided a $90 million, 10-year loan for the refinancing of Renaissance Dallas at Plano Legacy West, a 304-room hotel in Plano. Completed in 2017 by borrower and developer Sam Moon Group, the property offers 26,000 square feet of conference and meeting space, as well as a pool deck and bar, spa and a fitness center. Specific loan terms were not

Hospitality, Loans, Texas

KeyBank Provides HUD Financing for 378-Bed Skilled Nursing Portfolio in Texas

CORPUS CHRISTI, BASTROP AND SAN ANTONIO, TEXAS — KeyBank Real Estate Capital has provided $35 million in HUD financing for a three-property, 378-bed skilled nursing portfolio located throughout Texas. The financing includes $16 million for the Regency-Windsor Calallen in Corpus Christi; $14.5 million for the Regency Bastrop Nursing & Rehabilitation Center in Bastrop; and $14 million for the Regency-Windsor Mission Oaks Nursing & Rehabilitation Center in San Antonio. The financing was …

Loans, Multifamily, Seniors Housing, Texas

New York Life Provides $208M Loan for Repositioning of Downtown Houston Office Tower

HOUSTON — New York Life Real Estate Investors has provided a $208 million loan for the repositioning of 717 Texas, a 33-story office building in downtown Houston. Designed by HOK and developed by Hines in 2003, the property spans 697,300 square feet and includes coworking space on the 12th floor. The repositioning project will enhance the package of amenities, which includes a conference center, rooftop garden and workspace lounge. The renovation program will also upgrade the lobby, elevator, …

Loans, Office, Texas

Capital Stack, GenX Arrange $37.7M Construction Loan for Hotel Project Near Boston

CAMBRIDGE, MASS. — Capital Stack Commercial Real Estate Finance and Miami-based GenX Capital Partners have arranged $37.7 million in construction financing for 907 Main Hotel, a 67-room property in Cambridge. Local developer Patrick Barrett III is leading the development of the upscale, boutique hotel, which will span 42,000 square feet and offer a street-level restaurant and a rooftop bar. The building will also house Toscanini’s Ice Cream, which has operated in the neighborhood since …

Hospitality, Loans, Massachusetts, Northeast

NXT Capital Provides $54.7M Loan for Refinancing of Metro Dallas Office Building

RICHARDSON, TEXAS — Chicago-based NXT Capital has provided a $54.7 million loan for the refinancing of a 312,000-square-foot office building in Richardson, a northeastern suburb of Dallas. The Class A property is situated near Central Expressway and President George Bush Turnpike and offers amenities such as a fitness center, deli, bocce ball court and shuttle service to a nearby DART station. Greg Young of Grandbridge Real Estate Capital placed the loan on behalf of the undisclosed

Loans, Office, Texas

George Smith Partners Arranges $460M Construction Loan for Five-Star Portland Hotel

PORTLAND, ORE. — George Smith Partners has secured a $460 million construction loan on behalf of BPM Real Estate Group (BPM) for Block 216, a planned 1.1 million-square-foot mixed-use project in downtown Portland. The project was announced in June. Ritz-Carlton will anchor the 35-story tower, offering the first five-star hotel in the state of Oregon. An affiliate of Mosaic Real Estate Investors funded the four-year loan. George Smith Partners’ Malcolm Davies and Zachary Streit, along with …

Development, Hospitality, Loans, Mixed-Use, Oregon, Western

Hunt Provides $55.2M Freddie Mac Acquisition Loan for Austin Apartment Property

AUSTIN, TEXAS — Hunt Real Estate Capital has provided a $55.2 million Freddie Mac acquisition loan for Hyde Park at Wells Branch, a 576-unit multifamily property in Austin. Built in 1999 on 29.3 acres, the property offers two pools, outdoor grilling areas, a fitness center and a dog park. Hunt provided the seven-year, fixed-rate loan to a joint venture between an equity investor and Florida-based multifamily investment firm American Landmark. The new ownership will implement a capital …

Loans, Multifamily, Texas

Stonehenge Receives $63M Loan for Refinancing of Two Multifamily Buildings in Manhattan

NEW YORK CITY — Stonehenge NYC, a New York City-based investment and management firm, has received a $63 million loan for the refinancing of two multifamily buildings totaling 206 units in Manhattan. The properties are located at 108 W. 15th St. and 210 W. 89th St. and span 56 and 150 units, respectively. New York Community Bank provided the funds to Stonehenge, which has owned and managed the buildings since the 1990s. Ralph Herzka and Abe Hirsh of Meridian Capital Group arranged the …

Loans, Multifamily, New York, Northeast
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