Finance

The-Lofts-at-Helmetta
FinanceNew JerseyNewsNortheast

Kaplan Cos. Secures $38.4 Million ReFi Loan for New Jersey Adaptive Reuse Project

by Lynn Peisner

HELMETTA, N.J. — Kaplan Cos. has secured a $38.4 million loan to refinance The Lofts at Helmetta, a 200-unit community in Helmetta, located midway between New York and Philadelphia. JLL Capital Markets arranged the five-year, fixed-rate loan funded by Nuveen Capital. The Lofts at Helmetta is an adaptive reuse project. Kaplan Cos. converted a former factory, known as the Helme Snuff Mill Complex, into apartments back in 2017. The Helme Snuff Mill Complex was originally built in 1886 and operated for over a century before ceasing operations in 1993. The …

Continue Reading
1 FacebookTwitterLinkedinEmail
plaza-at-pikes-peak
ColoradoFinanceNewsWestern

Dwight Capital Secures HUD Loan for Plaza at Pikes Peak

by Lynn Peisner

COLORADO SPRINGS, COLO. — Dwight Capital has arranged a $48.3 million loan for Ryan Dunn of Dunn & Associates and Taylor Turano of Denver Land Co. Dunn and Turano will use the HUD loan to refinance an existing mortgage on Plaza at Pikes Peak, a 215-unit property in Colorado Springs. The refinancing qualified for a reduced Green Mortgage Insurance Premium (MIP), which offers a reduction in mortgage insurance premiums for new and existing multifamily properties if they meet various green energy benchmarks. Plaza at Pikes Peak has received a silver …

Continue Reading
0 FacebookTwitterLinkedinEmail
Aery-Hermantown-Minnesota
FinanceMidwestMinnesotaNews

CBRE Arranges Loan for Aery in Duluth, Minnesota

by Lynn Peisner

HERMANTOWN, MINN. — CBRE has arranged a $25.5 million Fannie Mae loan for P&R Cos. to refinance Aery, a 147-unit property in Hermantown, a western suburb of Duluth, Minn. CBRE’s Minneapolis-based team of Billy Mork, Mike Vannelli and Joel Torborg arranged the permanent, fixed-rate loan. Aery was developed in 2021 and features studio, one-, two- and three-bedroom floor plans. Amenities include a fitness center, pet spa, storage, an outdoor rooftop deck and patio areas with grilling stations.

Continue Reading
0 FacebookTwitterLinkedinEmail
Karlyn
DevelopmentFinanceFloridaNewsSoutheast

Marcus & Millichap Arranges $91.4 Million in Construction Financing for Two Southwest Florida Projects

by Lynn Peisner

NAPLES, FLA. — Marcus & Millichap has arranged $91.4 million in construction financing for Plymouth, Minnesota-based Roers Cos. to build two projects in Naples. The properties are the 150-unit Vintana at Vanderbilt, located at 3375 Vanderbilt Beach Road, which is adjacent to The Ritz-Carlton, Naples golf course, and the 159-unit active adult community The Karlyn, which is located at 7576 Immokalee Road about four miles from Vintana at Vanderbilt. Both projects are slated for completion in 2027 and will feature high-end finishes and resort-style amenities. Marcus & Millichap’s New York City-based …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ellipse-Urban-Apartments
FinanceLeasing & MarketingNewsSoutheastVirginia

JV Secures $60 Million Loan to Expand Virginia Flexible Lease Program for Military

by Lynn Peisner

HAMPTON, VA. — Madison International Realty and The Accend Cos. have secured a $59.7 million loan. The floating-rate bridge loan was provided by Fortress Investment Group and arranged by JLL Capital Markets. The joint owners of Ellipse Urban Apartments plan to use the financing to expand a flexible-lease program called Home 4 Now, which currently covers 11 percent of the property’s 287 units. The owners plan to increase that share to 25 percent. Under the program, tenants can secure leases lasting between one and 12 months for move-in ready, furnished …

Continue Reading
0 FacebookTwitterLinkedinEmail
247-Hancock
Affordable HousingDevelopmentFinanceNewsNortheast

M&T Provides $44.8 Million in Financing for Boston Mixed-Income Project

by Lynn Peisner

BOSTON — M&T Realty Capital Corp. has provided $44.8 million in funding for a 47-unit mixed-income development in the Dorchester neighborhood of Boston. Arx Urban and Boston Communities are the developers. Thirty-five units are designated affordable, which include 15 units supported by project-based vouchers. Rent restrictions were not disclosed. M&T’s financing package includes a $6.3 million Freddie Mac forward commitment, a $19.2 million construction loan and $19.3 million in tax credit equity. The 247 Hancock development will feature a six-story building with a mix of studios and one-, two- and …

Continue Reading
2 FacebookTwitterLinkedinEmail
Fiederlein-William
Affordable HousingDevelopmentFinanceIndustry VoicesVirginia

What Developers Need to Know About State Tax Credits

by Lynn Peisner

By William Fiederlein The need for affordable housing has never been greater. The United States is currently experiencing a shortage of millions of affordable housing units for low-income renters. This shortage disrupts family stability and creates a negative economic ripple effect within already vulnerable communities. According to the National Low Income Housing Coalition’s 2025 report, The Gap: A Shortage of Affordable Homes, there is a national shortage of 7.1 million affordable and available rental homes for extremely low-income renters. It nets out to just 35 affordable and available homes for …

Continue Reading
1 FacebookTwitterLinkedinEmail
Willamette-Tower-and-The-Olivia
FinanceNewsOregonWestern

JLL Arranges $169.7 Million ReFi for JV Owners of Two Portland Assets

by Lynn Peisner

PORTLAND, ORE. — JLL Capital Markets has arranged a $169.7 million, three-year bridge loan provided by TPG Real Estate Credit, the real estate finance arm of alternative asset management firm TPG. The borrowers are a joint venture between Alamo Manhattan and Diamond Realty Investments, and the funds will be put toward debt on Willamette Tower and The Olivia in Portland’s South Waterfront submarket. Willamette Tower, built in 2024, is a high-rise community that includes 340 units and 3,777 square feet of commercial space. The tower is currently 94 percent leased. …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Alden-at-Cedar-Park
FinanceInvestment SalesNewsTexas

Newmark Arranges Sale, Financing in Austin Suburb

by Lynn Peisner

CEDAR PARK, TEXAS — Newmark has arranged the sale of and financing for The Alden at Cedar Park, a 349-unit property in the Austin suburb of Cedar Park, located about 22 miles north of downtown. Newmark represented the undisclosed seller and procured the buyer, Weidner Apartment Homes. This transaction marks the Kirkland, Washington-based company’s first acquisition in the Austin MSA.  Newmark arranged a Fannie Mae acquisition loan for Weidner. Developed in 2020, The Alden at Cedar Park is a four-story community comprised of one- and two-bedroom floorplans. Amenities include a …

Continue Reading
0 FacebookTwitterLinkedinEmail
127-W-Pomona-The-Monroe
CaliforniaDevelopmentFinanceNewsWestern

Affinius Capital Originates $76 Million Loan to Refinance Project in Monrovia, California

by Lynn Peisner

MONROVIA, CALIF. — Affinius Capital has provided a $76 million loan to Adept Urban Development. An IPA team led by Stefen Chraghchian arranged the financing. The refinancing loan will cover debt on The Monroe, a to-be-delivered, 232-unit development in Monrovia, located about 20 miles northeast of Los Angeles. A construction timeline was not disclosed. The Monroe will offer 55 studios and 122 one-bedroom, 52 two-bedroom and three three-bedroom floor plans. Amenities will include a pool with cabanas, a fitness center, fireplace, grilling stations and an outdoor lounge area on the …

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