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Lakeside Gardens in Jeffersonville, Indiana
FinanceIndianaInvestment SalesMidwestNews

S&S Properties Acquires Property in Jeffersonville, Indiana, for $67.2 Million

by Channing Hamilton

JEFFERSONVILLE, IND. — S&S Properties has acquired Lakeside Gardens, a 360-unit asset located at 4101 Herb Lewis Road in Jeffersonville, just across the Ohio River from Louisville, Kentucky. A joint venture between Denton Floyd Real Estate Group, LDG Development and a private investor sold the property for $67.15 million. Built in 2022, Lakeside Gardens features a mix of one-, two- and three-bedroom units. The average unit size is 1,244 square feet. The community was 95 percent occupied at the time of sale. According to Apartments.com, residents have access to amenities …

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DevelopmentFinanceNew YorkNewsNortheast

Merchants Capital Provides $129.1 Million for Renovation of NYCHA Projects in East Bronx

by Channing Hamilton

NEW YORK CITY — Merchants Capital has provided $129.1 million in financing for the New York City Housing Authority’s $419.6 million renovation of Boston Road Plaza, Boston Secor and Middletown Plaza (BBM) in the East Bronx. The three communities total 952 apartments across six residential buildings. The Bronx Revitalization Collaborative (BRC), a joint venture between Beacon Communities, Kalel Cos. and MBD Community Housing Corp., is leading the renovations. The project is currently underway and is slated for completion in 2026. Units will receive improvements to bathrooms and kitchens, as well …

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4753 Duncanville Road in Dallas
Affordable HousingFinanceInvestment SalesNewsTexas

BOLOUR Provides Acquisition Loan for Affordable Housing Asset in Dallas

by Channing Hamilton

DALLAS — BAI Fund Manager (BOLOUR), an affiliate of Beverly Hills, California-based investment, development and finance company Bolour Associates Inc., has provided financing for the acquisition of a 112-unit affordable housing community in Dallas. John Choi of Concord Summit Capital represented the borrower. Built in 1989, the property is located at 4753 Duncanville Road, roughly 15 miles southwest of downtown Dallas. Units come in one-, two- and three-bedroom floor plans and range from 663 to 1,059 square feet. Income restrictions for the community were not disclosed.

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CaliforniaFinanceNewsWestern

Bell Partners Receives $73 Million Loan for Refinancing of Property in Inglewood, California

by Channing Hamilton

INGLEWOOD, CALIF. — Bell Partners has received a $73 million loan for the refinancing of Bell South Bay, a 264-unit community located at 11622 Aviation Blvd. in Inglewood, about 13 miles southwest of Los Angeles. Justin Nelson and Craig West of Walker & Dunlop’s Capital Markets and Multifamily Finance teams arranged the bridge loan. The financing was provided by accounts managed by KKR. Built on 3.05 acres in 2016, Bell South Bay consists of 264 apartments. Units come in studio, one- and two-bedroom layouts. Amenities include a fitness center and …

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Prospect Union Square in Somerville, Massachusetts
FinanceMassachusettsNewsNortheast

Joint Venture Secures Loan for Refinancing of 450-Unit Property Near Boston

by Channing Hamilton

SOMERVILLE, MASS. — A joint venture between affiliates of Magellan Development Group, RAS Union Square Development LLC, Cypress Equity Investments and Affinius Capital has secured a loan for the refinancing of Prospect Union Square in Somerville, roughly 5 miles northwest of Boston. Danny Kaufman, Brett Paulsrud, Madeline Joyce and Ali Howard of JLL Capital Markets arranged the loan through Northwestern Mutual. Located at 20-50 Prospect St. in Somerville’s Union Square neighborhood, Prospect Union Square spans two buildings on a 1.3-acre site. The property consists of a 25-story high-rise tower and …

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Residences at Eastbank
DevelopmentFinanceIllinoisMidwestNews

Waterton Contributes Equity for DAC’s Aurora, Illinois, Development

by Lynn Peisner

AURORA, ILL. — Waterton has contributed $16 million in preferred equity for the development of Residences at Eastbank, a five-story, 258-unit, mid-rise project underway in downtown Aurora, about 40 miles west of Chicago. Geneva Capital Group arranged the equity and provided a $45 million senior loan. Further support came from the City of Aurora. Construction began in May 2024 and is expected to be completed in 2026. According to the developer, DAC Developments, the total project cost is $90.4 million. Floor plans will include a mix of studios, one-, two- …

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DevelopmentFinanceNewsTexas

David B. Norton Arranges $35.4 Million Construction Financing for Project Near San Antonio

by Channing Hamilton

UNIVERSAL CITY, TEXAS — Capital advisory firm David B. Norton Inc. has arranged $35.4 million in construction financing for a 268-unit project in Universal City, a northeastern suburb of San Antonio. The development will consist of 10 buildings on a 14-acre site. The financing, which represents about 77 percent of the total project capitalization, includes both debt from an undisclosed regional bank and preferred equity from an undisclosed institutional investor. The name of the developer was also not released.

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Silver King Leadville in Leadville, Colorado
Affordable HousingColoradoFinanceNewsWestern

Cloudland Capital, Blue Hour Housing Secure Financing for Workforce Housing Asset in Leadville, Colorado

by Channing Hamilton

LEADVILLE, COLO. — Cloudland Capital and Blue Hour Housing have received $5 million in financing for Silver King Leadville, a 56-unit workforce housing community in Leadville, about 100 miles west of Denver. William Haass of JLL Capital Markets arranged the five-year, fixed-rate loan through a Colorado-based credit union. Located at 2020 North Poplar St., Silver King Leadville offers 47 studios, eight one-bedroom units and one two-bedroom apartment. The average unit size is 375 square feet. Income restrictions for the community were not disclosed. Originally a 66-key hotel, the property was converted …

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Boulder Creek in Greenville, South Carolina
Affordable HousingFinanceInvestment SalesNewsNorth CarolinaSouth CarolinaSoutheast

Infinity Acquires Portfolio of 1,068 Affordable Housing Units in the Carolinas

by Channing Hamilton

CAROLINAS — Infinity Real Estate Partners has received $18.8 million in financing from American South Capital Partners, a joint venture between SDS Capital Group and Vintage Realty Co., for the acquisition and renovation of a portfolio of 1,068 affordable housing units located in North Carolina and South Carolina. The portfolio consists of seven communities, which were built between 1968 and 1973 and range from 81 to 200 units. Ninety-five percent of the units are governed by HUD’s Housing Assistance Program. The properties included in the portfolio are: Infinity will use …

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FinanceFloridaNewsSoutheast

Encore Multifamily Receives $48.7 Million for Project in Fort Myers

by Channing Hamilton

FORT MYERS, FLA. — Encore Multifamily, a division of Dallas-based Encore Enterprises, has received a $48.7 million fixed-rate HUD Section 221(d)(4) loan for the construction of Encore Daniel Falls, a 240-unit project in Fort Myers. The developer broke ground on the community in December 2025. Construction is slated to complete by the third quarter of 2026. Encore Daniels Falls will comprise 224,050 square feet of rentable space across a 6.7-acre site. Units will come in studio, one-, two- and three-bedroom floor plans. Residents will have access to amenities such as a clubhouse, …

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