Finance

TLC-Buford
FinanceGeorgiaInvestment SalesNewsSoutheast

Walker & Dunlop Arranges $352 Million in Sales, Acquisition Financing for Two Metro Atlanta Assets

by Lynn Peisner

ATLANTA — Walker & Dunlop has arranged $352 million for the total acquisition financing and sale of Town Laurel Crossing and Manor Barrett, two communities in the Atlanta metro area that were developed in 2024 by Related Group. The 360-unit Town Laurel Crossing, which was rebranded as Timberline View following the acquisition, is located in Buford, 38 miles northeast of Atlanta. Manor Barrett, now known as The Row at Barrett, is a 347-unit community in Kennesaw, 29 miles northwest of Atlanta. Walker & Dunlop’s team that arranged the sales of …

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Compton
Affordable HousingCaliforniaDevelopmentFinanceNewsWestern

KeyBank Provides $25.9 Million Loan for Compton Affordable Housing Development

by Lynn Peisner

COMPTON, CALIF. — KeyBank Community Development Lending and Investment has provided a $25.9 million loan to finance construction of an affordable housing development at 1434 W. Compton Blvd. in the metro Los Angeles city of Compton. The Coalition for Responsible Community Development (CRCD) has partnered with LandSpire Group to develop the 75-unit community. The project will be a three-story development consisting of studios and one- and two-bedroom units, all of which will be rent restricted at or below 50 percent of the area median income. Additional LIHTC equity and Freddie …

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White-Houses-Harlem
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

New York City Housing Authority Locks in $272.6 Million in Redevelopment Funds for Harlem Properties

by Lynn Peisner

NEW YORK CITY — The New York City Housing Authority (NYCHA) has closed on the financing for a $272.6 million renovation of Metro North Plaza and Gaylord White Houses, two public housing communities in East Harlem. The properties were selected to be part of the Permanent Affordability Commitment Together (PACT) program, created by the City as part of a larger plan to modernize public housing. NYCHA needs more than $78 billion to fully restore and renovate all its buildings, but, according to the City’s website, the federal government has only …

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Keely-Downs
Affordable HousingFinanceIndustry Voices

How HUD Borrowers Can Bring Additional Financing to Their Capital Stack

by Lynn Peisner

The U.S. Department of Housing and Urban Development (HUD), has long provided a great option for multifamily borrowers: long-term, fixed-rate mortgage insurance programs such as the 221(d)(4) program for new construction and substantial rehabilitation and the 223(f) program for acquisition or refinancing of existing assets, both of which offer up to 40-year amortization, non-recourse debt and competitive interest rates. HUD loans have traditionally been thought of as protecting borrowers from high-interest-rate risk and other volatility experienced in conventional real estate finance markets. Yet even with the stability of HUD-insured loans, …

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The-Albright-Austin
FinanceNewsTexas

JLL Arranges ReFi Loan for Austin Development

by Lynn Peisner

AUSTIN, TEXAS — ParkProperty Capital has landed a floating-rate refinancing loan for an undisclosed amount for The Albright, a 261-unit community in Austin that was delivered in 2024. JLL arranged the financing through ACRE. The five-story property features 261 units offered as studios and one- to three-bedroom layouts. Amenities include a resort-style pool, a 24-hour fitness center, coworking spaces, a gaming area with pool table, a rooftop deck with views overlooking Austin, an outdoor entertainment area with a grill and a kitchen, a pet park, a bike and package room …

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zoe-apartments-waco
DevelopmentFinanceNewsTexas

Concord Summit Arranges $34 Million Bridge Loan for Surge Investment Group

by Lynn Peisner

LACY LAKEVIEW, TEXAS — Concord Summit Capital has arranged a $34 million bridge loan on behalf of Surge Investment Group’s Zoe Apartments in Lacy Lakeview, six miles north of Waco, Texas. The loan is a precursor to a long-term HUD takeout loan once the property reaches stabilized occupancy. Situated on a 10.3-acre site along Interstate 35, Zoe Apartments features six three-story residential buildings with a unit mix offered as one- and two-bedroom floor plans. Amenities include a resort-style pool with a pool house, a clubhouse, grilling areas, two pickleball courts, …

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Fairmont-at-Willow-Creek-Folsom
CaliforniaFinanceNewsWestern

Northmarq Arranges $53.7 Million Refinancing for CWS Capital Partners

by Lynn Peisner

FOLSOM, CALIF. — CWS Capital Partners has secured a $53.7 million Fannie Mae loan to refinance Farimont at Willow Creek, a 260-unit community located at 200 S. Lexington Drive in Folsom. The refinancing provided additional proceeds earmarked for planned property improvements. Joe Giordani, Alex Kane, Brendan Golding and Alvin Cao led Northmarq’s Newport Beach debt and equity team. Fairmont at Willow Creek offers one- and two-bedroom apartments with in-unit washers and dryers and private patios or balconies. Amenities include a clubhouse, a pool and spa, a fitness center and a …

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Plat4-Durham
ColoradoFinanceNewsNorth CarolinaSoutheastWestern

Buckingham Cos. Secures $110 Million ReFi for Two Newly Built Assets

by Lynn Peisner

DURHAM, N.C., LOVELAND, COLO. — Walker & Dunlop has arranged a $110 million refinancing for Buckingham Cos., an Indianapolis-based real estate investment firm. The sponsor will use the financing, consisting of two floating-rate bridge loans, to refinance existing construction loans on two properties, Plat 4 at Research Triangle in Durham and Plat 10 at the Ranch in Loveland. Both properties were delivered in 2024. Plat 4 at Research Triangle is a 24-unit community consisting of six buildings. Plat 10 at the Ranch is a seven-building complex with 353 units. Walker …

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Astor-Sound-at-Lake-Worth
BerkadiaDevelopmentFinanceFloridaNewsSoutheast

Berkadia Arranges Bridge Financing for Lake Worth, Florida, Project

by Lynn Peisner

LAKE WORTH, FLA. — Berkadia has arranged a $57 million loan on behalf of Midtown Capital Partners. The pre-TCO (temporary certificate of occupancy) loan was funded by Infinity Collective and will be used to refinance the existing construction loan on Astor Sound at Lake Worth. The 230-unit community, which is nearing completion, will consist of four residential buildings and a clubhouse on a 6.5-acre site next to a canal. Amenities include a resort-style pool and pavilion with an outdoor kitchen, a fitness center, a dog park and spa, coworking space, …

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Clear-Lake-Townhomes-Pooler
DevelopmentFinanceGeorgiaNewsSoutheast

Joint Venture Secures $38.7 Million in Construction Financing for Pooler Project

by Lynn Peisner

POOLER, GA. — 360 Communities, an affiliate of Freehold Capital Management and Rockpoint, has secured a $38.7 million construction loan to develop Clear Lake Reserve, a rental townhome community in Pooler, 10 miles west of Savannah. JLL arranged the floating-rate, three-year loan through Western Alliance Bank. The 199-unit community will include three- and four-bedroom floor plans, each with an attached, two-car garage, private driveway and covered porch. Amenities will include a resort-style pool, a fitness center, basketball and pickleball courts, a clubroom, a brick fire pit, a dock overlooking a …

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