Finance

Domain-Memorial-Houston
FinanceNewsTexas

Knightvest Capital Obtains $81M Refinancing for Houston Property

by Lynn Peisner

HOUSTON — Mesa West Capital has provided an $81 million loan to Knightvest Capital to refinance Domain Memorial, a 313-unit rental townhome community 17 miles west of Houston in the metro area’s Briar Forest/West Memorial submarket. During its ownership, Dallas-based Knightvest has renovated a majority of Domain Memorial’s units and has completed improvements to the parking lot, clubhouse, pool area, fitness center, lighting and landscaping and also has installed a new electric vehicle charging station. Knightvest will use a portion of the proceeds from the five-year, floating-rate loan to complete …

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Project-Greyhound-Richmond
DevelopmentFinanceNewsSoutheastVirginia

Walker & Dunlop Arranges $132M for Richmond Bus Terminal Redevelopment

by Lynn Peisner

RICHMOND, VA. — Walker & Dunlop has arranged $132 million in financing for a joint venture’s redevelopment of a former bus station in Richmond. AIP, Pointsfive and Bridge Investment Group will replace the Greyhound terminal at 2910 North Arthur Ashe Blvd. in Richmond’s Scott’s Addition neighborhood with a 550,000-square-foot property comprised of 396 apartment units and approximately 14,000 square feet of retail. The capital stack includes equity and an $85.6 million construction loan provided by Madison Realty Capital. The bus station and service depot was in operation from approximately 1984 …

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The-Opal-West-Valley-City
FinanceNewsUtahWestern

JLL Arranges Refinancing for The Opal in Salt Lake City Metro

by Lynn Peisner

WEST VALLEY CITY, UTAH — JLL has arranged an undisclosed amount of debt on behalf of TPG Angelo Gordon and Timberline Parters to refinance The Opal in West Valley City. JLL’s team was led by Leon McBroom, Jack Hunsicker and Ellie Savage. The Opal, completed in 2024, is comprised of 262 units and amenities such as a fitness center, hot tub, pickleball courts, clubroom and a pool. The property is 10 miles southwest of downtown Salt Lake City.

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HTG-Red-Oaks-Austin
Affordable HousingDevelopmentFinanceNewsTexas

HTG Opens $26M Red Oaks Affordable Housing in Austin

by Lynn Peisner

AUSTIN, TEXAS — Housing Trust Group (HTG) has completed and opened Red Oaks, a 70-unit, $26 million affordable housing community in the Anderson Mill neighborhood of Northwest Austin. Apartments at Red Oaks will be reserved for families earning 30, 50 and 60 percent of local area median income, which was $94,000 for an individual and $134,000 for a family of four in 2025, according to HUD. Miami-based HTG partnered with nonprofit group AM Affordable Housing and locally based consulting firm Thoman & Butler on the project. Funding sources for Red …

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102-Fleet-Brooklyn
DevelopmentFinanceNew YorkNewsNortheast

Affinius Capital Originates $300M Refinancing for 102 Fleet in Brooklyn

by Lynn Peisner

BROOKLYN, N.Y. — Affinius Capital has originated a $300 million refinancing loan for 102 Fleet, a 495-unit, 30-story development with 3,700 square feet of ground floor retail space in Brooklyn. The Jay Group is the borrower, using funds to complete construction and lease the property to stabilization. The development site was acquired in 2024. Henry Bodek of Galaxy Capital arranged the financing. The building is comprised of 108 studios, 97 one-bedrooms, 262 two-bedrooms and 28 three-bedrooms. Amenities include a rooftop pool offering skyline views, a gym and spa with steam …

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Leighton-Lincoln
FinanceMidwestNebraskaNews

Marcus & Millichap Arranges $31.6M Refinancing for The Flats at Leighton District in Lincoln, Nebraska

by Lynn Peisner

LINCOLN, NEB. — Marcus & Millichap has arranged the $31.6 million refinancing of The Flats at Leighton District, a 234-unit property with ground-level retail in Lincoln. The lender and borrower were not named. The property offers a mix of studio to three-bedroom units as well as private-entry loft floor plans. Amenities include a resort-style pool and sundeck, controlled-access parking, bike storage, community lounges, a study room, barbeque area and a 24-hour fitness center. Frank Montalto, managing director in IPA’s Chicago office, secured the financing with a national bank.

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Residences-at-Bay-Terrace-Queens
DevelopmentFinanceNew YorkNewsNortheast

Cord Meyer Development Secures Construction Loan to Build Out Bay Terrace Site in Queens

by Lynn Peisner

QUEENS, N.Y. — Avison Young has arranged a $75 million construction loan on behalf of Cord Meyer Development for Residences at Bay Terrace. The lender was New York Life Investment Management’s Real Estate Advisors. The community will be comprised of 145 units across two five-story buildings on-site at the Bay Terrace Shopping Center in Queens. Avison Young’s team was led by Scott Singer, Andy Singer, Kevin Swartz, Kathleen McSharry and David Brucker. Floor plans will be available in one-, two- and three-bedroom layouts, many with private terraces or balconies, and …

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The-Worthington-Pikesville
FinanceInvestment SalesMarylandNewsNortheast

Walker & Dunlop Arranges $75M Acquisition Loan for Metro Baltimore Property

by Lynn Peisner

PIKESVILLE, MD. — Walker & Dunlop has arranged a $75 million agency loan for the acquisition of The Worthington Apartments in the northwest Baltimore suburb of Pikesville. Locally based Quest Management Group was the buyer/borrower. The 612-unit garden-style community is situated on approximately 38 acres. The site is comprised of 29 buildings, four garages, a clubhouse, a pool house and a maintenance facility. Walker & Dunlop’s Jonathan Zilber and Joel Chetner arranged the 10-year, fixed-rate nonrecourse loan.

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Society-Brooklyn-New-York
Affordable HousingFinanceNew YorkNewsNortheast

PMG Secures $370M Refinancing Loan for Society Brooklyn

by Lynn Peisner

BROOKLYN, N.Y. — JLL has arranged a $370 million refinancing loan for Society Brooklyn, a 517-unit, two-tower community along the Gowanus Canal in Brooklyn. The lender was Brookfield Asset Management, and the borrower was Property Markets Group (PMG), a Miami-based developer that opened the property in May 2025. Society Brooklyn is comprised of 385 market-rate units and 132 units reserved for households earning between 40 and 130 percent of area median income. The development also includes 57,288 square feet of retail and commercial space. The property offers fitness centers, yoga …

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Reside-on-Barry-Chicago
FinanceIllinoisMidwestNews

Northmarq Arranges $45M Refinancing of Reside on Barry in Chicago

by Lynn Peisner

CHICAGO — Newcastle Investors has obtained a $45 million loan to refinance Reside on Barry, a 161-unit high-rise in the Lakeview neighborhood of Chicago. Kevin McCarthy of Northmarq’s Chicago office arranged the financing. The lender was PGIM. Newcastle, a Chicago-based investment firm, bought the asset in 2011 for $33.3 million in an all-cash deal. Reside on Barry is a 17-story, 1970-vintage apartment community offering renovated one-, two- and three-bedroom residences.

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