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Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

North River Partners, Amzak Capital Provide $68.5M Construction Loan for Fort Lauderdale’s Flats Flagler Gateway

by Lynn Peisner

FORT LAUDERDALE, FLA. — North River Partners and Amzak Capital Management have provided a $68.5 million construction loan to CEDARst Cos. for the development of Flats Flagler Gateway in Fort Lauderdale. The 215-unit, 12-story building at 745 N. Andrews Ave. will include a mix of studio, one-, two- and three-bedroom apartments, some of which will be offered at below-market-rate rents. Specific restrictions were not disclosed. Amenities feature a fitness center, pool, outdoor deck and coworking space. Dorskly + Yue International is the architect. Construction is expected to begin in May …

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Affordable HousingFinanceNews

Walker & Dunlop Arrange $1.7B Refinancing for 52-Property Affordable Housing Portfolio

by Lynn Peisner

MIAMI — Walker & Dunlop has arranged approximately $1.7 billion in agency loan proceeds to refinance 12,955 predominantly workforce and affordable housing units in 52 properties across 10 states for Starwood Capital. Walker & Dunlop Capital Markets Institutional Advisory arranged the transaction on behalf of Starwood Capital’s Starwood Real Estate Income Trust (SREIT), which acquired the properties in 2021. Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Michael Stepniewski and Michael Ianno originated the 10-year Freddie Mac loans.

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FinanceInvestment SalesNewsNortheastWashington, D.C.

Walker & Dunlop Arranges $119.7M Agency Loans for D.C. Investor WC Smith

by Lynn Peisner

WASHINGTON, D.C. — Walker & Dunlop has arranged two loans totaling $119.7 million for an acquisition as well as a refinancing for locally based buyer and borrower WC Smith. The developer and operator refinanced Crest at Skyland Town Center with a $67.2 million Fannie Mae loan and acquired The Albemarle with a $52.5 million Freddie Mac loan. Crest at Skyland Town Center is a 263-unit mixed-use property at 2219 Town Center Drive SE. The Albemarle is a 235-unit property at 4501 Connecticut Ave. It was built in 1958 and renovated …

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FinanceInvestment SalesMaineNewsNortheast

JLL Arranges $13.6M Acquisition Financing for Property in Scarborough, Maine

by Lynn Peisner

SCARBOROUGH, MAINE — JLL has arranged a $13.6 million Fannie Mae loan to acquire Carrier Woods, an 84-unit property in Scarborough, about seven miles south of Portland, Maine. Chestnut Realty Management acquired the asset. Carrier Woods was developed in 2018 and is comprised of seven three-story buildings featuring 80 market-rate units and four affordable units in a mix of one- and two-bedroom floor plans. Rent restrictions were not disclosed. Amenities include on-site parking, garden plots, an enclosed dog park and rentable storage units. JLL Capital Markets’ Debt Advisory team was …

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FinanceLouisianaNewsOperationsSoutheast

The Lynd Group Secures $49M to Renovate Four New Orleans Properties

by Lynn Peisner

NEW ORLEANS — The Lynd Group has closed on $49 million in financing to support renovations for a 1,512-unit, four-property portfolio acquired out of bankruptcy in New Orleans earlier this year. The unit renovations will include new appliances and updated flooring and countertops. Privacy gates, security cameras and on-site security staff also will be added, as will new community services and amenities, such as pools, fitness centers, playgrounds, community centers, sports courts and after-school programming. Current rents across the portfolio range from approximately $950 to $1,430 per month. Following renovations, …

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FinanceInvestment SalesNew YorkNewsNortheast

Marcus & Millichap Arranges $3.4M Acquisition Loan for Two Queens Properties

by Lynn Peisner

LONG ISLAND CITY, N.Y. — Marcus & Millichap has arranged $3.4 million in acquisition financing for an undisclosed buyer to purchase two 16-unit multifamily properties in Queens, located at 41-49 45th St. and 45-07 43rd Ave. in Long Island City. The properties are located adjacent to one another and feature a mix of one- and two-bedroom units. The ground floors of both buildings include retail space. Steve Filippo, managing director in Marcus & Millichap’s New York City office, secured 15-year financing at 70 percent loan-to-value with a national bank.

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FinanceFloridaNewsSoutheast

Mesa West Funds $50M Loan to Refinance Gran Bay in Jacksonville

by Lynn Peisner

JACKSONVILLE, FLA. — Mesa West Capital has provided Beachwold Residential a $50.5 million refinancing loan for Gran Bay Apartments in Jacksonville. The financing was arranged by Walker & Dunlop. Gran Bay Apartments was developed in 2015 and includes 308 unit and 14 buildings situated on 15.5 acres. A mix of one-, two- and three-bedroom units are offered alongside amenities such as a resort-style pool, fitness center, grilling areas, fire pits and a dog park.

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FinanceNewsNorth CarolinaSoutheast

Capital Square Secures $105M Refinancing for Maeve in Raleigh, North Carolina

by Lynn Peisner

RALEIGH, N.C. — Walker & Dunlop has arranged a $105 million refinancing loan for Maeve, a high-rise in Raleigh owned by Capital Square. Alexandra Huffman, Justin Nelson and PJ Feichtmeier arranged the floating-rate, interest-only bridge loan through TPG Real Estate Finance. The 297-unit property, which includes studio through three-bedroom floor plans and about 10,000 square feet of ground-floor retail, was completed in 2025. Maeve was built in an Opportunity Zone proximate to the Boylan Heights neighborhood, Dorothea Dix Park and downtown. Amenities include a resort-style pool, rooftop lounge coworking spaces …

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Walker & Dunlop Expands LIHTC Team

by Lynn Peisner

BETHESDA, MD. — Walker & Dunlop has hired Jack Hodgkins and Stacie Nekus to its Low-Income Housing Tax Credit (LIHTC) equity team. Hodgkins joins the Bethesda-based commercial real estate finance and advisory services firm as senior vice president and head of LIHTC credit, based in Denver. Nekus joins as senior managing director and head of business development for LIHTC investor relations, based in Pittsburgh. Hodgkins will lead LIHTC credit strategy and underwriting, while Nekus will lead business development efforts for Walker & Dunlop Affordable Equity’s LIHTC investor relations team.

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FinanceNewsNorth CarolinaSoutheast

NewPoint Provides $49M Loan to Evolve Cos.

by Lynn Peisner

GREENVILLE, N.C. — NewPoint Real Estate Capital has provided a $49 million loan for the refinancing of Evolve at the Pines Apartment Homes, a 288-unit property in Greenville. North Carolina-based developer and property manager Evolve Cos. was the borrower. The bridge-to-agency loan was structured with a 24-month interest-only period to provide flexibility during lease-up. Evolve at the Pines opened earlier this year. It features amenities such as a saltwater pool, fitness center, clubhouse, dog park and electric vehicle charging stations.

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