Finance

The-District-Round-Rock-Texas
DevelopmentFinanceNewsTexas

Mark IV Secures $86 Million Construction Loan to Launch Dell Campus Redevelopment in Metro Austin

by Lynn Peisner

ROUND ROCK, TEXAS — Newport Beach California-based Mark IV Capital has received an $86 million construction for the first phase of The District in Round Rock, a master-planned, mixed-use project in Round Rock approximately 20 miles north of Austin. The lenders were BDT & MSD Partners and an affiliate of Apollo (NYSE: APO). George Smith Partners arranged the financing. Mark IV acquired the site from Dell Technologies in 2016 and has since been finalizing planning and entitlements. Loan proceeds will fund vertical construction of Phase I, which consists of a …

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Affordable HousingFinanceGeorgiaNewsSoutheast

Churchill Stateside Group Closes $14 Million Loan for Lakeview Terrace in Augusta

by Lynn Peisner

AUGUSTA, GA. — Affordable housing finance firm Churchill Stateside Group has arranged and closed a $14 million FHA 223(f) loan for Lakeview Terrace, a recently completed, 200-unit community in Augusta restricted to households earning no more than 60 percent of area median income. The FHA 223(f) loan provides long-term, fixed-rate financing for existing multifamily properties, including newly constructed communities transitioning from construction to permanent financing. In addition to the loan, the project also was funded by 4 percent federal and state low-income housing tax credits. Details about the development team …

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Arista-Glendale
CaliforniaFinanceNewsWestern

IPA Arranges $52M ReFi for Glendale, California, Property

by Lynn Peisner

GLENDALE, CALIF, — IPA Capital Markets has arranged a $52 million refinancing loan for Arista Glendale, a 98-unit property in Glendale. Dwight Capital was the lender. IPA’s Stefen Chraghchian, based in Encino, California, arranged the five-year, interest-only loan. AHC Capital Holdings and Adept developed the property. Arista Glendale was a redevelopment of a former office building. Amenities include a resort-style pool with private cabanas, grills, an entertaining kitchen, coworking spaces, a package locker system, garage parking and a 24-hour fitness center.

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The-Henley-Grand-Prairie
FinanceNewsTexas

Walker & Dunlop Arranges $44.6 Million ReFi for The Henley in Grand Prairie, Texas

by Lynn Peisner

GRAND PRAIRIE, TEXAS — Walker & Dunlop has arranged a $44.6 million loan to refinance The Henley, a 255-unit property in Grand Prairie. Goldman Sachs Alternatives was the lender, and Dallas-based StoneHawk Capital Partners was the borrower. Located at 3850 Double Oak Ave., The Henley is comprised of one- and two-bedroom units. Amenities include a clubhouse with a golf simulator, conference room, business lounge, game room and kitchen area. Additionally, the property features a resort-style pool, a rooftop lounge, a fitness center, package room, controlled gate access and a dog …

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1900-Parmer-Austin
BerkadiaFinanceNewsTexas

Berkadia Arranges $47 Million Refinancing for 1900 Parmer in North Austin

by Lynn Peisner

AUSTIN, TEXAS — Berkadia has arranged a $47 million refinancing loan for Griffin Capital, the El Segundo, California-based owner of 1900 Parmer Apartments in Austin. MF1 Capital was the lender, and Berkadia’s team was led by Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Patrick Johnson. The property, located at 1900 E. Parmer Lane, was developed in 2024 and was 98 percent leased at the time of the loan closing. In addition to one- and two-bedroom units, 1900 Parmer features two pools with cabanas, a two-story fitness center with …

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Capitol-at-Stonebriar-Frisco
FinanceInvestment SalesNewsTexas

Newmark Arranges Sale of 424-Unit Asset in Frisco, Texas

by Lynn Peisner

FRISCO, TEXAS — Irvine, California-based The Bascom Group has sold Capitol at Stonebriar, a 424-unit community at 9600 Gaylord Parkway in Frisco that opened in 2018. JPI was the original developer. The buyer and sales price were not disclosed. The asset was 91 percent occupied at the time of the sale. Newmark Multifamily Capital Markets’ Brian Murphy, Brian O’Boyle Jr. and Richard Furr represented Bascom Group in the sales transaction, while David Schwarz arranged acquisition financing on behalf of the buyer.

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Aurum-Fremont
BerkadiaCaliforniaDevelopmentFinanceNewsWestern

Berkadia Secures JV Partner for Bay Area Aurum Development

by Lynn Peisner

FREMONT, CALIF. — Berkadia has secured a joint venture equity partner for the final phase of development for Aurum, a 966-unit property adjacent to the Warm Springs BART station in Fremont. This final phase includes 336 units. Brett Betzler and Kaohu Berg-Hee of Berkadia’s Irvine and San Francisco offices brokered the deal. Aurum is located at 3300 Innovation Way and consists of a five-story, elevator-served building that features a structured parking garage, a fitness center, resort-style pool and approximately 4,900 square feet of ground-floor retail. Completion is expected in 2027.

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Affordable HousingDevelopmentFinanceMassachusettsNewsNortheast

Tremont Development Partners Secures $67 Million in Funding for Massachusetts Affordable Housing Redevelopment

by Lynn Peisner

WORCESTER, MASS. — MassDevelopment, Massachusetts’ development finance agency and land bank, has issued a $38 million tax-exempt bond to Tremont Development Partners to finance the first phase of the redevelopment of the Worcester Housing Authority’s Lakeside Apartments community in Worcester. The site’s existing buildings that were originally built in 1949 will be demolished and replaced with two new buildings containing 116 units. Twenty-nine units will be reserved for households earning up to 60 percent of area median income (AMI) and 87 units will be earmarked for households earning no more …

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North-Park-Living-North-Las-Vegas
FinanceNevadaNewsWestern

Walker & Dunlop Arranges $75 Million Refinancing Loan for North Las Vegas Asset

by Lynn Peisner

NORTH LAS VEGAS, NEV. — Walker & Dunlop has arranged a $75 million loan to refinance North Park Living, a 380-unit property in North Las Vegas. SRB Living was the borrower. Benefit Street Partners was the lender for the floating-rate, interest-only loan. Walker & Dunlop’s team was led by Justin Nelson, Eric Norris, PJ Feichtmeier and Jared Diedrich. North Park Living consists of one-, two- and three-bedroom floor plans and amenities such as business and fitness centers, a resort-style pool, indoor and outdoor resident lounges and an entertaining kitchen and …

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The-Edmond-Denver
ColoradoFinanceNewsWestern

Joint Venture Obtains $54 Million ReFi for Edmond Curtis Park in Denver

by Lynn Peisner

DENVER — JLL has arranged a $54 million loan for borrowers Corum Real Estate Group, Prado Group and Ceolo Capital, owners of Edmond Curtis Park in Denver. The 185-unit property is in the Curtis Park neighborhood, known for 19th century-era houses, restaurants, breweries and galleries. The three-year, floating-rate refinancing loan was provided by Varde Partners. JLL Capital Market’s debt advisory team representing the borrowers was led by Kristian Lichtenfels and Ellie Savage. The Edmond was developed in 2025 on 1.7 acres. Amenities include a secure parking garage, community lounge, a …

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