Finance

Aster-&-Links-Sarasota
FinanceFloridaNewsSoutheast

Affinius Capital Originates $204 Million Loan to Refinance Aster & Links in Sarasota

by Lynn Peisner

SARASOTA, FLA. — Belpointe OZ (NYSE: OZ) has received a $204 million loan from Affinius Capital to refinance Aster & Links, a 424-unit newly completed community in Sarasota. Lantern Real Estate Advisors + Partners arranged the loan. The property is comprised of the Aster building with 243 units and the Links building with 181 units and is anchored by a 50,300-square-foot grocery store leased to Sprouts Farmers Market. Amenities include rooftop lounges, resort-style pools, coworking spaces, courtyards, fitness centers, catering kitchens, clubrooms and 24-hour concierge services. The project was completed …

Continue Reading
0 FacebookTwitterLinkedinEmail
Forma-Miami
FinanceFloridaNewsSoutheast

Walker & Dunlop Arranges Permanent Financing for Forma Miami

by Lynn Peisner

MIAMI — Walker & Dunlop has arranged a $238.4 million, fixed-rate Freddie Mac loan for Forma Miami, a 588-unit project locally based developer Crescent Heights completed earlier this year. Forma Miami, located in the Edgewater neighborhood, was designed by Rockwell Group and Arquitectonica. Units are offered in a mix of floor plans ranging from studios to three-bedrooms. The property is home to approximately 85,000 square feet of indoor and outdoor amenity space as well as Edgewater’s first Whole Foods Market, occupying about 50,000 square feet at the base of the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ballston-Rendering-Arlington
DevelopmentFinanceNewsNortheastWashington, D.C.

FCP Contributes $47.1 Million to Joint Venture Development in D.C. Metro

by Lynn Peisner

ARLINGTON, VA. — FCP has provided $47.1 million in equity to Insight Property Group and PGIM for the development of Mira and Ador, two adjacent towers anchored by a 40,000-square-foot grocery store in Ballston Quarter, a mixed-use development in the Ballston neighborhood of Arlington. Located at 685 N. Glebe Road, the project is being developed on the site of a former Macy’s department store. Work is underway, and completion is slated for 2028. SK+I is the architect. The community has been designed to LEED Gold certification standards. Brian Crivella, Bill …

Continue Reading
0 FacebookTwitterLinkedinEmail
Meridian-at-Eisenhower-Alexandria
BerkadiaFinanceNewsNortheastWashington, D.C.

Berkadia Arranges $84.1 Million Refinancing for Paradigm Development Co.

by Lynn Peisner

ALEXANDRIA, VA. — Berkadia has arranged an $84.1 million refinancing for Meridian Eisenhower Station, a 369-unit high-rise in the Washington, D.C., suburb of Alexandria. The lender was not disclosed. The sponsor was Paradigm Development Co. Patrick McGlohn and Patrick Cunningham of Berkadia DC Metro led the financing efforts, along with Brian Gould, Hunter Wood and Natalie Hershey. The property was 93 percent occupied at the time of closing. The 10-year loan proceeds will be used to retire the existing first mortgage while also returning equity to the borrower for reinvestment …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bryant-AYL-Yorba-Linda
CaliforniaFinanceNewsWestern

IEC Secures ReFi for Bryant at Yorba Linda

by Lynn Peisner

YORBA LINDA, CALIF. — Walker & Dunlop has arranged $145.8 million in debt and equity for Interstate Equities Corp. (IEC). The Los Altos, California-based investment firm is refinancing Bryant at Yorba Linda, a 400-unit community in Yorba Linda, located 37 miles east of Los Angeles. IEC acquired the property in 2022. Developed in 1986, Bryant at Yorba Linda features one- and two-bedroom floor plans and amenities such as a clubhouse, a fitness center, a pool and hot tub, a playground, dog park and a sports court.

Continue Reading
0 FacebookTwitterLinkedinEmail
The-International-at-Valley-Ranch
BerkadiaFeaturesFinanceInvestment SalesNews

Broadening Buyer Pool Signals Market Resilience

by Lynn Peisner

Multifamily fundamentals are showing encouraging signs for investors. CBRE reports that more than two units were absorbed for every unit completed during the second quarter of this year, lowering the national vacancy rate to 4.1 percent, down from 5.5 percent one year prior.  Year-over-year effective rent growth increased to 1.2 percent during the second quarter, the first time in two years the rate surpassed 1 percent.  CBRE estimates that multifamily construction starts at midyear were 74 percent below their 2021 peak and 30 percent below their pre-pandemic average. Yardi Matrix …

Continue Reading
0 FacebookTwitterLinkedinEmail
WoodLofts-Shenandoah
DevelopmentFinanceNewsTexas

Houston JV Secures Construction-to-Permanent Loan for Woodlands-Adjacent Project

by Lynn Peisner

SHENANDOAH, TEXAS — Johnson Capital Multifamily, a Dallas-based, LLC subsidiary of Oak Real Estate Partners, has closed a construction-to-permanent loan of an undisclosed sum for a joint venture to build WoodLofts, a 229-unit project 30 miles north of Houston. The loan, financed through FHA’s 221(d) multifamily mortgage insurance program, carries a fixed interest rate of 5.55 percent. The structure combines both construction and permanent financing into a single package. The developer is Woodlofts Shenandoah, a joint venture between Buckhead Investment Partners and Juniper Investment Group, both based in Houston. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ramsgate-Los-Angeles
Affordable HousingCaliforniaDevelopmentFinanceNewsWestern

Six Peak Capital Locks in Construction Loan, Breaks Ground on L.A. Affordable Housing Project

by Lynn Peisner

LOS ANGELES — Zachary Streit of Priority Capital Advisors has arranged a $31.3 million construction loan for Six Peak Capital to develop a 116-unit affordable housing community located at 9033 Ramsgate Ave. in the Westchester neighborhood of Los Angeles. The development is a Los Angeles Executive Directive 1 (ED1) project. ED1 projects provide affordable housing developers with leniencies such as increased density and building height, reduced parking requirements and an accelerated review and permitting process. Rent restrictions were not disclosed, but many ED1 projects include units with rents capped at …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Ridian-Denver
ColoradoDevelopmentFinanceNewsWestern

Trailbreak Partners Refinances Ridian Apartments in Denver

by Lynn Peisner

DENVER — JLL Capital Markets has arranged $37.1 million in construction takeout financing for Trail Partners’ Ridian Apartments in Denver. An insurance company’s debt fund was the floating-rate loan’s capital provider. Construction of Ridian was completed earlier this year. The property is comprised of 123 units in a mix of studios and one- and two-bedroom units as well as such amenities as a resort-style pool and hot tub, a rooftop lounge with mountain and city views, a fitness center, a clubhouse with coworking spaces, a covered garage parking, 24-hour security …

Continue Reading
0 FacebookTwitterLinkedinEmail
Piazza-Alta-Phase-II-Philly
DevelopmentFinanceNewsNortheastPennsylvania

Post Brothers Receives $170 Million in Construction Financing for Second Phase of Philadelphia Piazza Project

by Lynn Peisner

PHILADELPHIA — Affinius Capital has originated a $170 million construction loan to finance development of Piazza Alta Phase II, a 431-unit project in Philadelphia’s Northern Liberties neighborhood. Locally based Post Brothers is the developer, and Ackman-Ziff arranged the loan. The community will feature two buildings, one eight and one 16 stories, containing studios and one-, two- and three-bedroom floor plans. Amenities will include a rooftop lap and lounge pool, grilling stations, fire pits, a fitness and yoga center, dry saunas, steam rooms, coworking spaces and bike storage. Post Brothers completed …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.