Finance

BFC Partners and SAA Canopy Group Secure $269M to Finance Affordable Housing Redevelopment in Syracuse, New York

by Lynn Peisner August 10, 2026

SYRACUSE, N.Y. — BFC Partners and SAA Canopy Group have obtained $269 in financing for the redevelopment of the Parkside Commons housing complex in Syracuse. The developers will deliver 393 affordable apartments via renovated and newly constructed units. Rent restrictions were not disclosed The property currently consists of 10 buildings. With this construction financing, the development team will renovate six of those buildings and construct two new ones. Existing tenants who live in the four oldest structures, which eventually will be demolished, will relocate to the two new buildings. Financing …

August 10, 2026

Finance Nevada News Western

Newmark Arranges $33.5M Fannie Mae Loan for Ascent on Steamboat in Reno, Nevada

by Lynn Peisner August 10, 2026

RENO, NEV. — Newmark has arranged a $33.5 million Fannie Mae loan to refinance Ascent on Steamboat, a 204-unit community in Reno owned by Elan Multifamily Investments. Newmark’s Lowell Takahashi and Vince Punzi arranged the five-year, fixed rate loan. Located at 3300 Skyline Blvd. in Reno’s Old Southwest neighborhood, Ascent on Steamboat is comprised of one- and two-bedroom units and a pool, fitness center and clubhouse.

August 10, 2026

Affordable Housing Development Finance New York News Northeast

EJS, Hope Street Secure $137.5M ReFi for Brooklyn Development

by Lynn Peisner August 6, 2026

NEW YORK CITY — Walker & Dunlop has arranged a $137.5 million refinancing loan for 12 Halsey, a 240-unit mixed-income development in the Bedford-Stuyvesant neighborhood of Brooklyn. EJS Group and Hope Street Capital were the borrowers. The three-year, floating-rate loan was provided by AllianceBernstein. Walker & Dunlop’s Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Diaz, Michael Ianno and Cole Grims led the transaction team. Completed in October 2025, 12 Halsey comprises 240 residential units, with 30 percent designated as affordable under New York’s Affordable …

August 6, 2026

Affordable Housing Finance News

JPMorganChase Commits $750B to Increase Housing Supply

by Lynn Peisner August 5, 2026

NEW YORK CITY — JPMorganChase has announced it will deploy $750 billion to support affordable housing production through 2035. Called the American Dream Initiative, the $750 billion commitment will serve both renters and homebuyers and represents a 40 percent increase in housing funding compared with the past decade. The plan calls for increased capital deployed through available tools such as debt, equity and grants to build or preserve housing supply. JPMorganChase will partner with developers, owners, nonprofits and governments to back 1,000,000 rental units affordable to households earning no more …

August 5, 2026

Build-to-Rent Development Finance Florida News Southeast

Joint Venture Secures $35.1M Refinancing for Newly Completed BTR Project in Orlando Metro

by Lynn Peisner August 4, 2026

ST. CLOUD, FLA. — Adam America Real Estate and Stellar Communities have obtained a $35.1 million construction takeout loan for Havens at Hickory Reserve, a newly completed 134-unit townhome build-to-rent community in St. Cloud, about 30 miles south of Orlando. The joint venture secured the financing through lender CoreVest Finance. Walker & Dunlop arranged the loan. Stellar is an Aventura, Florida-based developer, while Adam America Real Estate also is a development firm and is headquartered in New York City. Located at 4896 Stellar Drive, Havens at Hickory Tree Reserve offers …

August 4, 2026

Finance Indiana Investment Sales Midwest News

Hudson Investing Secures $52.1M in Debt and Equity to Acquire Metro Indianapolis Asset

by Lynn Peisner August 4, 2026

WESTFIELD, IND. — Locally based Hudson Investing has obtained financing to acquire Maple Knoll Apartments, a 300-unit community in the Indianapolis suburb of Westfield. Northmarq’s Annamarie Bjorklund and Cody Field arranged a Freddie Mac loan and secured equity from Torchlight Investing. The financing totals $52.1 million. Located at 500 Bigleaf Maple Way in Westfield, the garden-style property was built in 2007 and features 18 three-story buildings with one-, two- and three-bedroom units averaging 1,002 square feet. Hudson is planning a value-add repositioning strategy to grow rents.

August 4, 2026

Development Finance Florida News Southeast

Baron Property Group Lands $226.5M Refinancing for Miami Project

by Lynn Peisner August 3, 2026

HIALEAH, FLA. — Baron Property Group (BPG) has closed on a $226.5 million refinancing for Metro Parc, a 559-unit development in Hialeah that is now 50 percent leased. The financing replaces the project’s construction loan and serves as a bridge to permanent financing. The lenders were Madison Realty Capital and Yellowstone Real Estate. HKS Real Estate Advisors and DIA Capital Group advised BPG. Ben Suky of Bensco arranged the financing. Designed by Modis Architects, Metro Parc is the first phase of BPG’s 2.3-million-square-foot mixed-use development in Hialeah. The property is …

August 3, 2026

Finance Louisiana News Southeast

JLL Arranges $42.8M Refinancing for Bend on Bluebonnet in Baton Rouge

by Lynn Peisner July 31, 2026

BATON ROUGE, LA. — JLL Capital Markets has arranged a $42.8 million loan to refinance Bend on Bluebonnet, a 301-unit luxury community at 10231 Bluebonnet Blvd. in Baton Rouge. TWG Development and Mandrake Capital Partners are the owners/borrowers. The lender was Balbec Capital. Bend on Bluebonnet was completed in 2023 on a 13-acre site and is comprised of one-, two- and three-bedroom units as well as a pool, 24-hour fitness center, coworking lounge, coffee bar, pet park with washing stations, grills and a firepit. Michael Zaremski and Clayton Ross headed …

July 31, 2026

Affordable Housing Development Finance Illinois Investment Sales Midwest News

Associated Bank Supplies $29.4M Acquisition and Development Loan for Chicago TOD

by Lynn Peisner July 29, 2026

CHICAGO — Associated Bank has provided a $29.4 million loan to a joint venture of North Park Ventures and SNS Realty Group for the development of a transit-oriented project at 3233-47 N. Sheffield Ave. in Chicago. The loan includes funds for the acquisition of the former Tortenson Glass Co., which includes approximately 30,000 square feet. Tortenson operated at the site from 1910 to 2024. The five-story, 99-unit apartment building will offer 84 market-rate units and 15 affordable-housing units. Floor plans will consist of studios, one- and two-bedrooms. Amenities will feature …

July 29, 2026

Colorado Finance News Western

Mesa West Capital Delivers $81M Refinancing for Atlas Peakview in Centennial, Colorado

by Lynn Peisner July 29, 2026

CENTENNIAL, COLO. — Mesa West Capital has provided an $81 million short-term first mortgage loan to a joint venture between The Dinerstein Cos. and PGIM. The loan will refinance Atlas Peakview, a 330-unit development in the Denver suburb of Centennial. Walker & Dunlop’s Tom Melody, Paul House and John Melody arranged the loan. The property has reached 85 percent occupancy since opening in 2025. Atlas Peakview, located at 7800 E. Peakview Ave., offers studio through three-bedroom apartment floor plans and two- and three-bedroom townhomes. Community amenities include a resort-style pool …

July 29, 2026

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