Finance

Overall-Creek-Murfreesboro
FinanceNewsSoutheastTennessee

Denholtz Secures $76 Million ReFi for Overall Creek in Metro Nashville

by Lynn Peisner

MURFREESBORO, TENN. — Denholtz has refinanced Overall Creek in Murfreesboro with a $76 million loan. PCCP was the lender, and Cushman & Wakefield arranged the financing. Red Bank, New Jersey-based Denholtz acquired Overall Creek in 2022. It was developed in 2020. The community, located at 5150 Jack Byrnes Drive, features resort-style amenities including a courtyard with a pool and grilling stations, fire pits, a dog park, a massage room, a tanning bed, business center and a fitness center. The property is currently 94 percent occupied and offers 384 one-, two- …

Continue Reading
0 FacebookTwitterLinkedinEmail
1008-Mass-Ave-Cambridge
FinanceMassachusettsNewsNortheast

JLL Arranges $23 Million Refinancing for Metro Boston Property

by Lynn Peisner

CAMBRIDGE, MASS. — JLL Capital Markets has arranged a $23 million loan through Manulife/John Hancock Life Insurance Co. to refinance 1008 Mass Ave, a 65-unit luxury community in Cambridge. The borrower was Boston Residential Group. The seven-story building, constructed in 1999, features 65 studios, one- and two-bedroom apartments along with ground-floor retail space currently occupied by Gibson Sotheby’s International Realty. The property is home to 67 covered parking spaces and amenities including 24-hour concierge services, a fitness center, a seventh-floor deck with panoramic city views and laundry facilities on every …

Continue Reading
0 FacebookTwitterLinkedinEmail
Harborside-8-Jersey-City
DevelopmentFinanceNew YorkNewsNortheast

JV Secures $384 Million for Jersey City Waterfront High-Rise Development

by Lynn Peisner

JERSEY CITY, N.J. — Panepinto Properties and AJD Construction have secured $306 million in senior non-recourse construction financing and $78 million in preferred equity for the land purchase and vertical construction of Harborside 8, a 678-unit, luxury waterfront development along the Hudson River in Jersey City.  JLL’s Capital Markets group arranged the floating-rate senior loan through Kennedy Wilson. JLL also arranged the preferred equity through Affinius Capital. The development partners plan to break ground in the first quarter of 2026 with stabilization estimated for the first quarter of 2030. The 65-story …

Continue Reading
0 FacebookTwitterLinkedinEmail
Rob-Likes_KeyBank3
Affordable HousingDevelopmentFinanceIndustry Voices

What Will it Take to Rebalance the Office and Housing Markets?

by Lynn Peisner

The nation’s housing crisis has reached a breaking point, pushing developers to rethink how and where new supply can be created. Among the most promising — and debated — solutions is the conversion of underutilized office buildings into much-needed affordable housing.  On the surface, the concept seems straightforward: repurpose empty office space into homes in locations where demand is highest. In practice, however, these projects are anything but simple. Converting office buildings into livable, modern and affordable multifamily residences requires far more than reimagining floor plans. Success depends on choosing …

Continue Reading
0 FacebookTwitterLinkedinEmail
Blitz-McCaffrey
DevelopmentFinanceIndustry VoicesInvestment Sales

Solving the Balance Sheet Paradox: The Rise of Platform Investing in Multifamily Assets

by Lynn Peisner

Real estate “platform investments” have long been considered to be the purview of sophisticated financial players in the real estate world. These investments are typically made by institutional investors, pension plans or other private equity players. In platform investing, institutional capital is typically backing an “operator” — a development or investment firm responsible for sourcing, developing or managing multifamily assets. Platform investments provide a minority-stake ownership of the entity that employs key people making strategic investment decisions as well as the entity’s intellectual property. They also allow the investor the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Watsonville-Metro
Affordable HousingCaliforniaDevelopmentFinanceNewsWestern

MidPen Housing Secures $132.8 Million in Grants for Three Central California Affordable Housing Developments

by Lynn Peisner

SAN JOSÉ, ALAMEDA, AND WATSONVILLE, CALIF. — The California Strategic Growth Council has awarded funding to existing MidPen Housing developments in San José, Alameda and Watsonville that include a total of 362 affordable units as well as transit improvements. Valley Transportation Authority (VTA) Capitol Station in San José was awarded $49.3 million. Located next to the Capitol Light rail station, this transit-oriented development will include 203 affordable rental homes, including 51 permanent supportive housing apartments for formerly homeless individuals. The project will replace an underutilized VTA parking lot with an …

Continue Reading
0 FacebookTwitterLinkedinEmail
Vireo-Medical-District-McKinney
Build-to-RentFinanceFloridaNewsSoutheastTexas

JLL Arranges Refinancing for BTR Portfolio in Dallas, Austin and Tampa Markets

by Lynn Peisner

WESLEY CHAPEL, FLA., MCKINNEY and GEORGETOWN, TEXAS — JLL has arranged a $130 million refinancing loan through KeyBank National Association’s Institutional Real Estate Group for the Vireo build-to-rent portfolio. The three properties were developed by McCarthy Cos. and include Vireo Medical District, a 210-unit property at 2300 S. McDonald St. in McKinney that was completed in 2024 and has recently stabilized; Vireo Twelve Oaks, a 217-unit property at 201 Morningstar Blvd. in Georgetown that was delivered in 2025 and is currently in lease-up; and Vireo Wesley Chapel, a 181-unit project …

Continue Reading
0 FacebookTwitterLinkedinEmail
TenTen-Campus-Glendale
CaliforniaFinanceNewsWestern

JLL Arranges $125 Million Refinancing for Amidi Group’s Downtown Glendale Project

by Lynn Peisner

GLENDALE, CALIF. — JLL Capital Markets has arranged a $125 million loan from Oaktree Capital Management secured by The Amidi Group’s TenTen Campus in Glendale. The loan enables The Amidi Group to retire existing construction debt on the eight-story newly developed property. Residents began moving in February 2025. The property was 95 percent occupied at the time of the transaction’s closing. Spanning 220,018 square feet, the property’s 228 units are offered as studios, one- and two-bedroom apartments. Amenities include a resort-style pool and hot tub, a rooftop terrace with skyline …

Continue Reading
0 FacebookTwitterLinkedinEmail
Camelot-West-Middlesex-County
Affordable HousingFinanceNew JerseyNewsNortheast

JLL Arranges $47.5 Million Refinancing for Kaplan’s Camelot West at Townelake Project in New Jersey

by Lynn Peisner

SAYREVILLE, N.J. — JLL has arranged a $47.5 million refinancing loan through a regional bank secured by Camelot West at Townelake. The newly delivered 176-unit luxury property was developed by sponsor Kaplan Cos. and consists of seven residential buildings. The luxury mid-rise community offers 166 market-rate units and 10 units reserved for tenants earning up to 80 percent of area median income. Floor plans are offered in one-, two- or three-bedroom options. Amenities include a fitness center, a pool, lounge area with a coffee bar, a parcel room, a barbecue …

Continue Reading
0 FacebookTwitterLinkedinEmail
Denver-Dry-Goods
Affordable HousingDevelopmentFeaturesFinanceMidwestNortheastSoutheastTexasWestern

Creative Capital Strategies Drive Today’s Affordable Housing Deals

by Lynn Peisner

Skillful players are leveraging a bevy of public and private funding sources to get projects across the finish line. By Jack Rogers As costs of affordable housing projects continue to rise, developers are meeting the challenge by pulling together a resilient capital stack with a growing range of sources for gap financing, bridge loans and grants. They’re also diversifying the range of projects they undertake and mitigating their costs by redeveloping underutilized publicly owned property, acquiring leases for sites that are being rezoned to housing from other uses and with …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.