Finance

MMCC Secures $10.1 Million Loan for Refinancing of Asset in Eau Claire, Wisconsin

by Channing Hamilton April 29, 2025

EAU CLAIRE, WIS. — Marcus & Millichap Capital Corp. (MMCC) has secured a $10.1 million loan for the refinancing of Alto Station Apartments, an 88-unit building in Eau Claire, roughly 93 miles west of Minneapolis. The newly built community, which is located at 325 Main St., is pre-leasing now and is expected to open in 2026, according to the property’s website. The community features a mix of studio to two-bedroom floor plans. Amenities include a fitness center, clubhouse, rooftop terrace and bike storage. Robert Bhat of MMCC arranged the loan …

April 29, 2025

Development Finance News Texas

Dwight Mortgage Trust Provides $48 Million Construction Loan for San Diego Development

by Channing Hamilton April 29, 2025

SAN DIEGO — Dwight Mortgage Trust, an affiliate REIT of Dwight Capital, has provided a $48 million construction loan for GH 25, a 114-unit project in San Diego. CAST Development is the borrower and project developer. The loan will be used alongside sponsor equity to fund construction, establish an interest reserve and cover transaction costs for the borrower. The eight-story project will offer 114 studio, one- and two-bedroom apartments. Amenities include a seventh-floor amenity terrace with a plunge pool, fire pits, barbecues and lounge areas. The property will also feature …

April 29, 2025

Development Finance Florida News Southeast

PMG Secures $413 Million Construction Loan for High-Rise Development in Miami

by Channing Hamilton April 29, 2025

MIAMI — PMG has received a $413 million construction loan for One Twenty Brickell Residences, a two-tower development in Miami’s Brickell Financial District. Located at 120 S.W. 8th St., the project will consist of an apartment tower and a condominium tower. The multifamily high-rise will rise 41 stories and offer a mix of studio, one-, two- and three-bedroom apartments. The building will also feature a 48,000-square-foot amenity package, including a pool with a hot tub, fitness center, coworking hub, lounges and a lobby with concierge services. Sentral will operate the …

April 29, 2025

Finance Investment Sales New Jersey News Northeast

Dwight Mortgage Trust Provides $50 Million Acquisition Loan for New Jersey Asset

by Channing Hamilton April 28, 2025

TOMS RIVER, N.J. — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided a $50 million bridge loan for the acquisition of Silverwoods, a 313-unit multifamily property located in the coastal New Jersey community of Toms River. The 55-acre, age-restricted property consists of 46 one-story buildings that house seven studios, 41 one-bedroom units and 265 two-bedroom units. Amenities include a pool, fitness center and a clubhouse. Moshe Feiner of Sevenstone Capital arranged the debt on behalf of the borrowers, Mathias Deutsch and Isidore Bleier. In …

April 28, 2025

Development Finance Midwest News Ohio

Affinius Capital Originates $73.4 Million Construction Loan for Project in Columbus, Ohio

by Channing Hamilton April 25, 2025

COLUMBUS, OHIO — Affinius Capital LLC has originated a $73.4 million loan to finance the development of Rockpointe at Quarry Trails, a 486-unit project in Columbus. Thrive Cos. — a locally based developer, owner and operator — was the borrower. The community will offer units with walk-in closets, granite countertops, vinyl plank flooring, ceramic tile bathroom floors, stainless steel appliances and washers and dryers. Amenities will include a community kitchen, gaming areas, coworking facilities, a pool and cabanas. Rockpointe at Quarry Trails will comprise the fourth phase of the Quarry …

April 25, 2025

Finance News Washington Western

MainStreet Property Group Receives $19 Million in Refinancing for 115-Unit Community in Bothell, Washington

by Channing Hamilton April 25, 2025

BOTHELL, WASH. — MainStreet Property Group has secured a $19 million loan for the refinancing of The 104 in Bothell, roughly 20 miles northeast of Seattle. Seth Heikkila and Bill Maloney of JLL Capital Markets Debt Advisory team secured the five-year, fixed-rate loan through Fannie Mae. JLL Real Estate Capital LLC will service the loan. The 104 features 115 apartments in one- and two-bedroom floor plans, averaging 773 square feet. Units feature stainless steel appliances, walk-in closets and exposed concrete details. Amenities include a lounge with kitchen, a community courtyard, …

April 25, 2025

Development Finance News Texas

Carbon Cos., Greenway Receive $125 Million in Construction Financing for Project in Frisco, Texas

by Channing Hamilton April 25, 2025

FRISCO, TEXAS — Carbon Cos. and Greenway Investment Co. have received roughly $125 million in construction financing for The Links on PGA Parkway, an apartment community located about 30 miles north of Dallas in Frisco. The debt, which was arranged by the Carbon Cos. internal team, will be used to complete the construction of the final two phases of the four-phase, 38-acre development. The financing includes a syndicated bank loan facility and mezzanine loan. Origin Bank arranged the syndicated bank loan, with participant banks including Simmons Bank, North Dallas Bank …

April 25, 2025

Development Finance News Northeast Pennsylvania

Joint Venture Secures $67 Million Construction Financing for 21 West in Pittsburgh

by Channing Hamilton April 23, 2025

PITTSBURGH — A joint venture between Oxford Development Co. and RDC has received a $67 million construction loan for 21 West, a 291-unit project in Pittsburgh. Nick Unkovic and Zach Barone of JLL Capital Markets arranged the four-year floating rate construction loan through Dollar Bank. A construction timeline was not disclosed. Located at 430 W General Robinson St., the project will comprise 313,000 square feet across 11 stories. Units will come in studio, one- and two-bedroom floor plans. Residents will have access to amenities such as a sky bar on …

April 23, 2025

California Finance News Western

Affinius Capital Originates $148.5 Million in Refinancing for San Diego Community

by Channing Hamilton April 23, 2025

SAN DIEGO — Affinius Capital has originated a $148.5 million loan for the refinancing of 800 Broadway, a 40-story apartment building in San Diego. James Burrell of Northmarq arranged the financing on behalf of the borrower, Diamond Realty Investments. 800 Broadway features 356 market-rate units and 33 affordable units. The property features studio, one- and two-bedroom apartments, as well as two- and three-bedroom penthouses. 800 Broadway also includes 4,830 square feet of commercial space. Tenants have access to amenities such as a rooftop deck with a pool and hot tub, …

April 23, 2025

Finance Maryland News Northeast

Pealmark Provides Financing for 311-Unit Property in Hanover, Maryland

by Channing Hamilton April 22, 2025

HANOVER, MD. — Pearlmark has provided a mezzanine loan for the refinancing of Bristol Court Apartments, a 311-unit asset in Hanover, roughly 12 miles south of Baltimore. Located within the Oxford Square planned community near the Dorsey MARC passenger rail station, Bristol Court offers one-, two- and three-bedroom apartments. Residents have access to amenities such as a pool, fitness center, yoga studio, lobby with coworking spaces and a clubroom with an entertainment kitchen and fireplace. Additional amenities include a library, lounge with a pool table, pet spa, foosball and shuffleboard, …

April 22, 2025

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