GREENVILLE, N.C. — NewPoint Real Estate Capital has provided a $49 million loan for the refinancing of Evolve at the Pines Apartment Homes, a 288-unit property in Greenville. North Carolina-based developer and property manager Evolve Cos. was the borrower. The bridge-to-agency loan was structured with a 24-month interest-only period to provide flexibility during lease-up. Evolve at the Pines opened earlier this year. It features amenities such as a saltwater pool, fitness center, clubhouse, dog park and electric vehicle charging stations.
OXNARD, CALIF. — JLL Capital Markets has secured an acquisition loan for approximately $55.8 million for Hines’ purchase of Tempo at Riverpark in Oxnard. Tempo at Riverpark is located at 450 Forest Park Blvd. in the Riverpark master-planned community. Residents live within walking distance of The Collection at Riverpark, a 650,000-square-foot retail center anchored by Whole Foods and Target. The property was built in 2016 and was 95.7 percent occupied as of December 2025. Amenities include a 24-hour fitness center, pool and hot tub, resort-style cabana seating, resident lounge with …
AUSTIN, TEXAS — Mesa West Capital has provided a $47 million refinancing loan to United Properties for Bishop Momo in Austin. The 274-unit property is located within the St. Elmo District, a 275-acre mixed-use redevelopment in South Austin built on a former industrial site. St. Elmo currently includes 223,000 square feet of office, retail, dining and entertainment with approximately 900,000 square feet planned for future development. Chris McColpin of Newmark’s Austin office arranged the financing. United Properties delivered Bishop Momo in 2024. It is comprised of a mix of studio …
LA GRANGE, GA. — River North Real Estate Partners has broken ground on Canopy Crest, a build-to-rent community in La Grange, 67 miles southwest of Atlanta. JLL arranged a $33.5 million construction loan for Phase I, which includes 152 rental homes in a mix of duplexes, detached homes and a product type River North refers to as a “barndominium,” an apartment floor plan averaging approximately 1,242 feet. All homes will be finished with granite countertops, stainless steel appliances, vinyl plank flooring and smart locks and thermostats. Amenities include a fitness …
SANTA ANA, CALIF. — Affinius Capital has landed a $144 million construction loan to build The Carina in Santa Ana. JLL’s Jamie Kline, Charlie Vorsheck, Nick Englhard and Charlie Paul arranged the financing through lender QuadReal. Los Angeles-based developer Lowe is leading the project, which is underway with a completion date slated for the fourth quarter of 2028. The community is situated in MainPlace, which is an enclosed regional mall in Santa Ana that is being redeveloped into a mixed-use project with new housing, dining and retail elements. The project …
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How Distress, Debt Assumptions Are Rewriting Multifamily Pricing in Metro Atlanta
— By Matt White, managing director, Berkadia Across Metro Atlanta, distress and loan assumptions are no longer edge cases — they’re driving a meaningful share of multifamily transaction activity and quietly resetting the market’s pricing benchmarks. Deals that can successfully navigate legacy debt structures, rising operating costs and shifting return expectations are revealing where true clearing values lie and which capital stacks still work in today’s environment. The same forces driving distress in Dallas, Phoenix and Austin — floating-rate and bridge debt maturities, late-cycle construction and operating cost inflation — are …
BERKELEY, CALIF. — Hudson McDonald, a locally based builder, developer and investor specializing in apartments and student housing, has obtained $60 million to refinance two Berkeley communities, New Californian and The Metropolitan. CBRE arranged the 10-year, fixed-rate agency loan. Mike Walker, Jesse Weber, Brad Zampa and Andrew Behrens led the transaction. New Californian is a 148-unit mixed-use building that features 15,778 square feet of retail anchored by Trader Joe’s and Café Etoile. The property, located at 1988 Martin Luther King Jr. Way, was developed in 2010. Twenty-two of the apartments are …
By Chelsea Andrews Across the country, demand for affordable housing continues to rise, placing increased pressure on housing authorities to provide shelter and resources for our most vulnerable neighbors. Taxpayers want transparency when it comes to how their dollars are being used in the community. Private partners seek evidence of momentum, clear direction and follow-through. Government stakeholders require clarity and accountability when allocating local, county and federal funds leveraged for housing. Across all audiences, there is a shared need for a clear understanding of what’s working and where gaps remain. …
NORTH CHARLESTON, S.C. — Eller Capital Partners has obtained a $58 million loan to refinance two properties, about half a mile apart from each other, in North Charleston. Walker & Dunlop’s Walker Layne, Matt Wallach, Stephen West, Austin Sneed and Tyler Roberts arranged the floating-rate interest-only bridge senior debt loan with capital provided by Bridge Investment Group. Ellevate St. Ives is comprised of 248 units. Ellevate North Charleston offers 192 units. Both properties participate in South Carolina’s affordable housing tax abatement program, with 75 percent of units restricted at 80 percent …
ORLANDO, FLA. — Terian Development, the development arm of Terian Group, has broken ground on Emi on 50 in Orlando after securing a construction loan for an undisclosed sum through lender PCCP. JLL arranged the financing. The 336-unit mid-rise project is slated for completion in 2028. Emi on 50 includes studios, one-, two- and three-bedroom units as well as townhomes. Amenities feature a rooftop pool and terrace, a ninth-floor pickleball court, a courtyard, coworking spaces and a speakeasy-inspired lounge. The property will be managed by Willow Bridge Property Co.
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