Finance

Branch Properties Secures $47 Million Refinancing

by Lynn Peisner May 27, 2025

NAVARRE, FLA. — CBRE has arranged a $47 million loan, provided by Voya Investment Management, for Branch Properties to refinance construction debt on Elevate Navarre, a new 332-unit community in Navarre, which is a Florida Panhandle city about 22 miles east of Pensacola. Atlanta-based Branch Properties opened the property in 2023. Blake Cohen with CBRE Capital Markets’ Debt & Structured Finance in Atlanta arranged the three-year, fixed-rate, interest-only loan. Elevate Navarre consists of 11 three-story buildings and a clubhouse/leasing center situated on 20 acres. It features one-, two- and three-bedroom …

May 27, 2025

Finance Industry Voices Investment Sales

Investment Opportunities Look Different in the Tariff Era

by Lynn Peisner May 21, 2025

The recent surge of U.S. tariffs has added a new dimension to an already complex environment for multifamily development. As the CEO of Atlas, I’m watching these shifts closely, not just through a macroeconomic lens, but also from the practical standpoint of what they mean for builders, owners and investors in multifamily housing. The conversation isn’t just about geopolitics or trade imbalances anymore — it’s about how tariffs intersect with affordability, construction cycles, capital costs and the evolving supply-demand dynamic in the U.S. rental market. Three questions keep coming up …

May 21, 2025

Affordable Housing Finance Industry Voices

How Affordable Housing Developers Are Closing Budget Gaps to Get Deals Done

by Lynn Peisner May 21, 2025

By Sam Adams The need for affordable housing in the United States has never been greater, but supply is not keeping up with demand. High costs of construction and insurance, as well as elevated interest rates, make it difficult to get affordable housing development deals completed in the current environment. As a result, developers and finance leaders are looking for innovative strategies to close budget gaps and get deals done. Financial market conditions are likely to persist for the foreseeable future. However, with the right knowledge, persistence and a little …

May 21, 2025

Finance New Jersey Northeast

Tay Investments Secures Fannie Mae Loan to Refinance Jersey City Asset

by Lynn Peisner May 14, 2025

JERSEY CITY, N.J. — Berkadia has arranged a fixed-rate, five-year Fannie Mae loan for $35.8 million for Tay Investments to refinance 829 Garfield in Jersey City. The 110-unit property, with ground-floor retail space including a daycare center, was built in 2022. Ten percent of the units are designated as affordable, but rent restrictions were not disclosed. The property offers two- and three-bedroom units with stainless-steel appliances, quartz countertops, heated bathroom flooring and private patios. Some units have direct views of New York City.

May 14, 2025

Finance News Texas

BMC Capital Arranges $67.6 Million in Financing for Metro Austin Property

by Channing Hamilton May 13, 2025

AUSTIN, TEXAS — BMC Capital has arranged $67.6 million in financing for a 300-unit project located in the greater Austin area. The name and address of the garden-style property, which was built in 2024, were not disclosed. The financing consists of a $53.5 million senior bridge loan and a $14.1 million preferred equity investment. Noah Laredo led the BMC Capital team on the placement of the financing, the debt component of which was structured with a three-year term and a 97 percent loan-to-cost ratio. The names of the direct lender, …

May 13, 2025

Finance Illinois Midwest News

Essex Capital Markets Arranges Refinancing for Six-Unit Chicago Asset

by Channing Hamilton May 13, 2025

CHICAGO — Essex Capital Markets has arranged a refinancing for six-unit property located at 2216 West 21st Place in Chicago’s Pilsen neighborhood. The financing package includes a $795,000 fixed-rate bank loan with a 5-year term. Quinn Keenan of Essex Capital Markets arranged the loan on behalf of a local private investor. The property offers two-bedroom floor plans. The building underwent a significant renovation in 2023, including new kitchens and updated bathrooms.

May 13, 2025

Development Finance News Texas

EMBREY Receives Construction Financing for 344-Unit Project in Austin, Texas

by Channing Hamilton May 12, 2025

AUSTIN, TEXAS — EMBREY has received financing for the construction of a 344-unit project in Austin. Texas-based Frost Bank provided the financing. The community will feature studio, one- and two-bedroom apartments. The first units are scheduled for delivery in the second quarter of 2027, with full completion slated for the second quarter of 2028. Residents will have access to a rooftop pool deck and clubhouse, fitness center, resident lounge with coworking facilities, game room, “grab and go” market, courtyard with a fireplace, outdoor kitchens, gaming lawns and a water feature. …

May 12, 2025

Finance Kansas Midwest News

Northmarq Secures $52 Million Loan for Refinancing of Asset in Metro Kansas City, Missouri

by Channing Hamilton May 12, 2025

OVERLAND PARK, KAN. — Northmarq has secured a $52 million Freddie Mac loan for the refinancing of Stonebriar Woods, a 476-unit property in Overland Park, about 13 miles south of Kansas City, Missouri. The garden-style community features a mix of one-, two- and three-bedroom floor plans. Amenities include a pool, clubhouse, tennis court, fitness center and green space. Greg Duvall of Northmarq arranged the loan on behalf of the borrower, Price Brothers, a Kansas City-based real estate investment and development firm.

May 12, 2025

Finance News Texas

Colliers Provides $55.9 Million in Construction Financing for Project in Denton, Texas

by Channing Hamilton May 9, 2025

DENTON, TEXAS — Colliers Mortgage has provided a $55.9 million HUD-insured loan for the construction of Millennium Crest, a 245-unit project in Denton, about 40 miles northwest of Dallas. Millennium Crest will offer 20 studios, 155 one-bedroom units and 70 two-bedroom units. Planned amenities include a clubhouse, fitness center, pool, rooftop lounge and a dog park. Kevin Gould of Colliers Mortgage originated the debt, which carries a 40-year term and amortization schedule, on behalf of the developer, an entity doing business as Millennium Crest LP.

May 9, 2025

Development Finance News Texas

Millennium Crest Receives $55.9 Million Construction Loan for Project in Denton, Texas

by Channing Hamilton May 2, 2025

DENTON, TEXAS — Millennium Crest LP has secured a $55.9 million HUD loan for the construction and permanent financing of Millennium Crest Apartments, a 245-unit project in Denton, roughly 50 miles northwest of Dallas. Kevin Gould of Colliers Mortgage arranged the loan, which carries a 40-year term/amortization. Millennium Crest Apartments will offer a mix of 20 studio units, 155 one-bedroom units, and 70 two-bedroom units. Residents will have access to amenities such as a clubhouse, fitness center, pool, rooftop lounge with an outdoor deck and electric vehicle charging stations. Additional …

May 2, 2025

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