News

CFG Bank Launches CFG Mortgage Partners, Appoints Dan Sacks to Lead New Initiative

by Lynn Peisner June 22, 2026

BALTIMORE — CFG Bank, servicing the nationwide healthcare and multifamily financing industries as well as the Mid-Atlantic commercial banking market, has launched CFG Mortgage Partners, a group dedicated to customized multifamily debt products. CFG Mortgage Partners will focus on providing capital solutions to meet the needs of multifamily owners, developers and investors across the country. The new business will expand on CFG’s real estate and corporate banking options, including agency, HUD and Commercial Mortgage-Backed Securities (CMBS) lending services. CFG has appointed Dan Sacks managing partner of CFG Mortgage Partners. Based …

June 22, 2026

Development Georgia News Southeast

Vida Cos. to Build Carrena in Buford, Georgia

by Lynn Peisner June 22, 2026

BUFORD, GA. — Vida Cos. has closed on financing for the construction of Carrena, a ground-up development in in the northern Atlanta suburb of Buford. The 289-unit Careena is the first of three planned projects supported by capital from the $47 million, still-open Vida Opportunities Fund. Carrena will be comprised of four-story buildings served by elevators and such amenities as a saltwater pool, fitness center with yoga facilities, piano lounge, rooftop deck and lounge and a nature trail. The community will include one-, two- and three-bedroom floor plans. The design …

June 22, 2026

Berkadia Investment Sales News Texas

12ten Capital Acquires Harper’s Mill in Houston

by Lynn Peisner June 22, 2026

HOUSTON — Interurban Cos. has sold Harper’s Mill, a 180-unit property built in 1984, to 12ten Capital for an undisclosed sum. Located in Northwest Houston, Harper’s Mill is comprised of a mix of one- and two-bedroom floor plans, including one-bedroom townhomes. The Berkadia Houston Investment Sales team representing Centennial, Colorado-based Interurban was led by Kyle Whitney, Chris Curry, Jeffrey Skipworth, Chris Young, Joey Rippel, Jed Dalton and Tucker Fama. Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew Robbins and Kyle Ryan of Berkadia Miami and Boca Raton secured the financing on …

June 22, 2026

Investment Sales News Washington Western

Jackson Square Sells Latitude in Everett, Washington, for $24.5M

by Lynn Peisner June 22, 2026

EVERETT, WASH. — Jackson Square Properties has sold Latitude, a 108-unit property in Everett’s Lake Stickney neighborhood, to Bridge Housing for approximately $25.4 million. The asset was developed in 1986. Its six residential buildings along with a standalone clubhouse are situated on 4 acres. Amenities include a courtyard with a barbecue area and firepit, fitness center and a fenced-in dog park. The unit mix is comprised of one- and two-bedroom floor plans. IPA’s Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino represented the San Francisco-based seller and …

June 22, 2026

Affordable Housing California Development Finance News Western

Standard Communities Secures $53.1M for East Bay LIHTC Development

by Lynn Peisner June 19, 2026

ANTIOCH, CALIF. — Walker & Dunlop has arranged a $53.1 million loan for the construction of Joyfield at Lakeview Center, a Low-Income Housing Tax Credit (LIHTC) affordable housing community in Antioch, approximately 45 miles west of San Francisco. Standard Communities is the developer and borrower. Joyfield Lakeview Center consists of 233 units across seven three- and four-story buildings that will be reserved for tenants earning up to 30 or 70 percent of area median income. Amenities include a clubhouse, fitness center, business center, playground, courtyard and dog park. Completion is …

June 19, 2026

Development News Southeast Virginia

Bonaventure Breaks Ground on $74.5M Project in Chesapeake, Virginia

by Lynn Peisner June 19, 2026

CHESAPEAKE, VA. — Bonaventure has broken ground on Attain at Greenbrier, a 268-unit community in Chesapeake’s Greenbrier submarket. The $74.5 million development is part of the Alexandria, Virginia-based investment and development firm’s Attain portfolio. Delivery is slated for late 2027. The site, previously home to a commercial call center, was acquired and rezoned by Bonaventure in 2022. The Greenbrier community will consist of three four-story buildings containing a mix of one-, two- and three-bedroom units averaging 1,037 square feet. Marlyn Development Corp. is serving as the general contractor, RBA is …

June 19, 2026

Development Illinois Leasing & Marketing Midwest News

Peerless Development Begins Lease-Up at 1880 Milwaukee, a 44-Unit Property in Chicago

by Lynn Peisner June 19, 2026

CHICAGO — Peerless Development has begun pre-leasing at 1880 Milwaukee, a 44-unit property in Chicago’s Bucktown neighborhood. First resident move-ins at the five-story mid-rise are slated for August 2026. Units are offered in one- and two-bedroom floor plans ranging from 534 to approximately 950 square feet, some with private balconies. Asking rents start at $2,325 per month for one-bedroom apartments and $3,645 per month for two-bedroom residences. Amenities include a rooftop deck with grilling stations, reserved garage parking for 22 vehicles with electric vehicle charging capability and bicycle storage. The property, …

June 19, 2026

Berkadia Finance Michigan Midwest News

Berkadia Arranges $35.2M ReFi for Indian Lake Village Apartments North of Detroit

by Lynn Peisner June 19, 2026

LAKE ORION, MICH. — Berkadia has arranged a $35.2 million refinancing loan through Freddie Mac for Indian Lake Village Apartments, a 394-unit community in Lake Orion, a village approximately 38 miles north of Detroit. Fenton Management Co. out of Farmington Hills, Michigan, is the owner/borrower. Wesley Moczul of Berkadia Orlando led the transaction, with support from Mitch Sinberg, Scott Wadler, Matt Robbins and Brad Williamson of Berkadia Boca Raton. Located at 3001 Lake Village Blvd., Indian Lake Village Apartments is situated on approximately 58 acres and was constructed between 1995 …

June 19, 2026

California Investment Sales News Western

Marcus & Millichap Arranges $6.7M Sale of 28-Unit Property in San Francisco

by Lynn Peisner June 18, 2026

SAN FRANCISCO — Marcus & Millichap has brokered the sale of 1275-1281 8th Ave., a 28-unit property in San Francisco. The property sold for approximately $6.7 million, or $237,500 per unit. Eymon Binesh and Gino Franco, investment specialists both in Marcus & Millichap’s San Francisco office, marketed the listing on behalf of the seller, a private family trust, and procured the buyer, a local value-add investor. Binesh says the buyer plans to renovate all 28 units. Built in 1926, the 17,500-square-foot property is situated on a 0.27-acre parcel at the …

June 18, 2026

Berkadia Finance New York News Northeast

Berkadia Arranges $126.4M ReFi for Two Clinton Park in New Rochelle, New York

by Lynn Peisner June 18, 2026

NEW ROCHELLE, N.Y. — Berkadia has arranged a $126.4 million refinancing loan for Two Clinton Park, a 28-story, 390-unit luxury tower in New Rochelle that was completed in 2024. The Westchester County community is 93 percent occupied. RXR and Bridge Investment Group were the borrowers for the Fannie Mae near-stabilization loan. Located at 50 Clinton Place, Two Clinton Park features studios and one- and two-bedroom units ranging from 461 to 1,197 square feet as well as penthouse residences. Amenities include coworking lounges, a fitness center, hot tub and sauna, screening …

June 18, 2026

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