Finance

Joe Stampone, Atlas Real Estate Partners
FinanceIndustry VoicesInvestment SalesSoutheast

Why Deal Flow Will Pick Up in the Southeast in 2025

by Channing Hamilton

All the talk in multifamily circles in 2023 and throughout 2024 has been about the impending “maturity wall” of loans set to expire. This wall, many have said, would stir up a wave of distress that would create “generational buying opportunities” from the fallout of the overleveraged, floating-rate acquisitions and new developments delivered at the top of the market.  How has that played out? Buying opportunities haven’t yet materialized, and the multifamily investment sales market remains flatlined.  How can that be given the record number of trades at the top …

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Affordable HousingDevelopmentFinanceGeorgiaNewsSoutheast

Advantage Capital Provides $53 Million in Financing for Three Affordable Housing Projects in Metro Atlanta

by Channing Hamilton

ATLANTA AND LAWRENCEVILLE, GA. — Advantage Capital has leveraged roughly $53 million in state Low-Income Housing Tax Credits to finance the development of three communities in the Atlanta metropolitan area. The properties total 623 apartments, which will be available to families and seniors earning at or below the area median income. Zimmerman Properties will use the financing to develop The Flats at Stone Hogan, a $99.9 million, 256-unit project, and The Villas at Stone Hogan, a $68.9 million, 192-unit complex for seniors over the age of 55. Both properties are …

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Soleste NoMi Beach in North Miami Beach, Florida
FinanceFloridaNewsSoutheast

The Estate Cos. Secures $110 Million Refinancing for Soleste NoMi Beach in Miami Suburb

by Channing Hamilton

NORTH MIAMI BEACH, FLA. — Miami-based developer The Estate Cos. has received a $110 million loan for the refinancing of Soleste NoMi Beach, a 367-unit community in North Miami Beach, roughly 17 miles north of Miami. Brian Gaswirth, Paul Adams and Val McWilliams of JLL Capital Markets arranged the floating-rate loan through Ares Management Corp. Located at 16395 Biscayne Blvd., Soleste NoMi Beach rises 22 stories. The building houses a mix of one-, two- and three-bedroom apartment units with an average size of 914 square feet. Residents have access to amenities such as a …

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Willow Creek Apartments in Kansas City, Missouri
FinanceMidwestMissouriNews

Dwight Mortgage Trust Provides $56 Million Loan for Willow Creek Apartments in Kansas City, Missouri

by Channing Hamilton

KANSAS CITY, MO. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $56 million bridge loan for Willow Creek Apartments in Kansas City. The loan will be utilized to refinance existing debt, complete remaining construction costs, cover closing costs and fund required escrows. David Scheer of Dwight Capital originated the financing on behalf of the borrower, KC Willow Creek LLC. Willow Creek Apartments consists of 998 apartments across 43 buildings. The garden-style community is situated on about 70 acres. Units come in one-, two- and three-bedroom …

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Artwalk Towers in Jersey City, New Jersey
DevelopmentFinanceNew JerseyNewsNortheast

KRE Group Receives $175 Million Construction Loan for 49-Story Project in Jersey City, New Jersey

by Channing Hamilton

JERSEY CITY, N.J. — KRE Group has secured a $175 million senior construction loan for the development of Artwalk Towers, a 49-story high-rise project located in Jersey City’s Journal Square neighborhood. Beverly Hills, California-based Kennedy Wilson provided the funding. Artwalk Towers will comprise 595 units. Upon completion, the building will feature a street connector to a PATH train station, pool, barbecue area, gym, coworking spaces and a sky lounge with views of the New York City skyline. The project is slated for completion by the fourth quarter of 2027. KRE …

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FinanceFloridaInvestment SalesNewsPeople NewsSoutheast

Hillpointe Appoints Chip Wooten as Senior Vice President

by Channing Hamilton

WINTER PARK, FLA. — Hillpointe, a developer headquartered in Winter Park, has appointed Chip Wooten to the role of senior vice president of debt capital markets and asset sales. In this position, Wooten will manage Hillpointe’s portfolio of multifamily developments. He will also be responsible for overseeing debt origination and asset sales at the company. Prior to joining Hillpointe, Wooten served as a first vice president with CBRE’s Institutional Multifamily Group. He began his career as a research analyst and transitioned to business development while working for two institutional investment …

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Ventura Ridge in San Antonio
FinanceNewsTexas

Rosewood Property Co. Receives Refinancing for 482-Unit Ventura Ridge in San Antonio

by Channing Hamilton

SAN ANTONIO — Rosewood Property Co. has secured a loan for the refinancing of Ventura Ridge, a 482-unit property located at 5602 Presido Parkway in San Antonio. John Brownlee, John Bauman and Scott Cole of JLL Capital Markets arranged the financing through New York Life. Built in 2015, Ventura Ridge spans 406,759 square feet across four stories. The community offers a mix of one-, two- and three-bedroom apartments with an average size of 844 square feet. Units feature 10-foot ceilings, walk-in closets, patios and balconies, Wi-Fi-connected thermostats, kitchen islands, granite countertops and Bluetooth …

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The Encore Southpark in Charlotte, North Carolina
FinanceMidwestNewsOhio

BWE Arranges $260 Million Refinancing for 1,500-Unit Portfolio Across Four States

by Channing Hamilton

CLEVELAND — BWE, the commercial finance firm formerly known as Bellwether Enterprise Real Estate Capital, has arranged a $260 million loan for the refinancing of a portfolio of six properties totaling roughly 1,500 units. The company is based in Cleveland. Northwestern Mutual provided the five-year loan, which was structured with a 5.07 percent interest rate, full-term interest-only payments and a 55 percent loan-to-value ratio. The borrower was not disclosed. All properties were constructed within the past decade, and the portfolio had an occupancy rate of approximately 95 percent at the …

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Arden Townhomes in Warrenville, Illinois
FinanceIllinoisMidwestNews

Cantera Townhomes Secures $25 Million Financing for Arden Townhomes Near Chicago

by Channing Hamilton

WARRENVILLE, ILL. — Cantera Townhomes LLC has received $25 million for the refinancing of Arden Townhomes, a 60-unit townhome community located in the Cantera neighborhood of Warrenville, about 30 miles west of Chicago. Situated at 28291-28417 Torch Parkway, Arden Townhomes offers three-bedroom units averaging 1,898 square feet. The asset was recently built in 2024. JLL represented the borrower in securing the $20 million, two-year, floating-rate senior loan through an entity managed by Argentic Investment Management LLC. Pearlmark provided an additional $5 million in mezzanine financing. Trent Niederberger and Philip Galligan …

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Skye at Hunter’s Creek in Kissimmee, Florida
FinanceFloridaNewsSoutheast

ZMR Capital Secures $42.5 Million Loan for Skye at Hunter’s Creek in Kissimmee, Florida

by Channing Hamilton

KISSIMMEE, FLA. — ZMR Capital, an investment firm based in Tampa, Florida, has secured a $42.5 million bridge loan for Skye at Hunter’s Creek, a 216-unit community located at 1300 Santa Rosa Drive in Kissimmee. Brad Williamson, Wesley Moczul, Mitch Sinberg, Matt Robbins and Scott Wadler of Berkadia arranged the loan on behalf of the borrower. Nuveen Real Estate provided the three-year, floating-rate loan, which was underwritten with two one-year extension options, full-term interest only payments, a 68 percent loan-to-value ratio, an interest rate cap and flexible prepayment terms. Built …

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