Finance

Acclaim-of-Woodbury

WOODBURY, MINN. — Northmarq’s Minneapolis-based team has arranged the $34.3 million refinancing, in the form of a Fannie Mae loan, of Acclaim of Woodbury, a 109-unit build-to-rent community located at 10108 Sunbird Circle in Woodbury, about 9 miles from St. Paul, Minnesota. Interstate Development, the sponsor, completed the project earlier this year. Homes are available with two, three or four bedrooms complemented by shared amenities such as lawncare, snow removal services and a 24-hour fitness center.

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Loft-One35-Charlotte

CHARLOTTE, N.C. — Mesa West Capital has provided a joint venture between Hillridge Capital and Broad Creek Capital with a $69.8 million first mortgage loan for the acquisition and renovation of Loft One35 in Charlotte’s South End neighborhood. The total acquisition cost was $94 million, according to the Charlotte Business Journal. Loft One35 is a 298-unit, six-story community that offers a mix of loft-style apartments as well as townhomes. Amenities include a resort-style pool, a courtyard with a fire pit and grilling stations, a pet spa, a coffee bar and …

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Viking-Mill-Philadelphia

PHILADELPHIA — Developer Chatham Bay Group has secured a $37.5 million loan to complete construction of Viking Mill in the East Kensington neighborhood of Philadelphia. The lender was 3650 Capital. Viking Mill is being developed in two phases that are slated to deliver in the first and the fourth quarter of 2026, respectively. The project includes the repositioning of an 1800s-era mill into 77 loft-style apartments as well as the ground-up construction of an additional adjacent building that will house 100 units. The community will provide approximately 7,750 square feet …

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SHERMAN OAKS, CALIF. — Walker & Dunlop has arranged $625 million in fixed-rate Freddie Mac loans on behalf of Sherman Oaks-based IMT Capital. The company is refinancing eight garden-style properties in six metros — San Diego, Los Angeles, Denver, Atlanta, San Francisco and Nashville, Tennessee. The portfolio is comprised of 3,096 units. Walker & Dunlop’s team was led by Cory Wizenberg, Matt Wallach, Stephen West, Walker Layne, AJ Wright and Sebastian Tamayo.

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Abacus-Palm-Beach-Gardens

PALM BEACH GARDENS, FLA. — JLL has arranged a $77.5 million construction loan for New York City-based Abacus Capital Group to develop Arbor House in Palm Beach Gardens. A publicly traded real estate investment company was the lender for the four-year, floating-rate loan. JLL’s team was led by Mona Carlton, Joshua Odessky and Michael Romero. The 13-story, 302-unit Arbor House will feature an attached garage with 480 parking spaces and a 7,000-square-foot amenity deck on the eighth floor that will be the site of a wellness and fitness center, cold …

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CHARLOTTE, N.C. — JLL has arranged a $69.4 million construction loan for Ares Management Corp. (NYSE: ARES), which is developing 1817 Central in the Plaza Midwood neighborhood of Charlotte. United Bank was the lender. The 341-unit community will feature studios and one-, two- and three-bedroom floor plans and amenities that include a fitness center, a rooftop lounge, multiple courtyards, a pet spa and a library. Groundbreaking is scheduled before the end of the year with construction completion estimated for 2028. According to JLL, the Plaza Midwood area has seen a …

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slate-property-group-miami

MIAMI — SCALE Lending has provided a $460 million funding package for Namdar Group’s new Miami development consisting of two 43-story towers in the central business district. The financing contains two parts: a $230 million bridge loan for the completion of 55 NE 2nd Street (Phase 1), which contains 680 units across 358,000 square feet; and a $230 million construction loan for an adjacent ground-up development at 50 NE 3rd Street (Phase II), containing 714 residential units across 395,000 square feet. SCALE Lending is the debt financing division of Slate …

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Prescott-Post-Portsmouth

PORTSMOUTH, N.H. — JLL Capital Markets has arranged a $96.8 million construction loan through Truist Bank for the development of Prescott Post, a 360-unit project in Portsmouth. The borrowers were Eastern Real Estate and The Kane Co. Construction began in October, and completion is slated for late 2027. Set on 26 acres, the market-rate community will feature approximately 2.7 acres of green and community space as well as such amenities as clubrooms, coworking spaces, an indoor-outdoor fitness area with a yoga studio, outdoor kitchens, fire pits, a dog run with …

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NEW YORK CITY — Greystone has provided a $114.5 million bridge loan on behalf of Iris Holdings Group for the acquisition and rehabilitation of The State Preservation Portfolio, a 753-unit affordable housing portfolio. The nine properties are located throughout the borough of Queens. Iris Holdings Group partnered with the New York City Department of Housing Preservation and Development to preserve and redevelop the portfolio for families of varying levels of income affordability for the next 40 years. Iris Holdings Group will be updating building systems and enhancing accessibility features.

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Mill-at-White-House-Tennessee

WHITE HOUSE, TENN. — Walker & Dunlop has arranged a $42 million loan from an undisclosed institutional lender on behalf of RFM Development Co. The sponsor is refinancing The Mill at White House, a 216-unit property in White House, 27 miles north of Nashville that was recently completed and is finalizing lease-up. Walker & Dunlop’s capital markets team was led by Jeremy Pino, Livingston Hessam, Keith Melton, David Strange, Carl Passmore and Kyle Miller, the same team that previously arranged the asset’s construction financing in 2022.

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