HANOVER, MD. — Pearlmark has provided a mezzanine loan for the refinancing of Bristol Court Apartments, a 311-unit asset in Hanover, roughly 12 miles south of Baltimore. Located within the Oxford Square planned community near the Dorsey MARC passenger rail station, Bristol Court offers one-, two- and three-bedroom apartments. Residents have access to amenities such as a pool, fitness center, yoga studio, lobby with coworking spaces and a clubroom with an entertainment kitchen and fireplace. Additional amenities include a library, lounge with a pool table, pet spa, foosball and shuffleboard, …
JACKSONVILLE, FLA. — Thorofare Capital has provided a $74 million bridge loan for the refinancing of The Residences at Enso, a 304-unit asset located 20 miles east of downtown Jacksonville along the Saint Johns River. The borrower, Trevato Development Group, will use the 2.5-year floating-rate loan to repay the original construction loan on the property. Jeff Kinney and Phil Rachels of CBRE’s Jacksonville office arranged the loan. The Residences at Enso consists of nine, four-story buildings across 22 acres. Floor plans range from 669 square feet to 1,599 square feet. The …
SAN ANTONIO — New York City-based lender Ladder Capital has provided a $58.7 million bridge loan for the refinancing of Potranco Commons, a 360-unit community located in San Antonio’s Far West Side submarket. Potranco Commons offers one-, two- and three-bedroom units that range from 541 to 1,355 square feet. The property comprises 15 three-story buildings. Roughly 40 percent of the units are reserved for renters earning 80 percent or less of the area median income. Amenities include a clubhouse, pool, fitness center, coffee bar, sand volleyball court, pet park, outdoor …
INDEPENDENCE, MO. — Gantry has secured a $10 million loan for the refinancing of Hillside Apartments, a 108-unit property located at 111 Hillside Drive in Independence, 10 miles east of Kansas City. The garden-style community consists of 14 three-story buildings. The fully stabilized asset underwent a property-wide renovation. Mark Reichter and Alec Frook of Gantry arranged the financing on behalf of the borrower, a private real estate investor. Fannie Mae provided the seven-year, fixed-rate loan, which features an interest-only introductory period followed by a 30-year amortization.
SCOTTSDALE, ARIZ. — Leon Capital Group subsidiary Leon Multifamily has completed the disposition of Soltra Kierland, a 202-unit property in Scottsdale. A private investor purchased the asset for $107.5 million. Matt Pesch, Asher Gunter, Sean Cunningham and Austin Groen of CBRE represented the seller in the transaction. Soltra Kierland was built in 2024. Apartments feature wood-style flooring, custom built-ins, washers and dryers, walk-in closets, custom cabinetry, walk-in rain showers, stainless steel appliances, eat-in kitchen islands and quartz countertops. Select units also include quartz waterfall island countertops, black stainless steel appliances, gas …
POMPANO BEACH, FLA. — MAP Communities has purchased The Haven Apartments, a 56-unit community located at the corner of NE 16th Terrace and NE 33rd St. in Pompano Beach, roughly 10 miles north of Fort Lauderdale, Florida. The asset traded hands for $10 million. Haven Apartments consists of seven contiguous two-story buildings on a 1.8-acre site. The community was built between 1969 and 1970. The community offers a mix of one-, two- and three-bedroom units. Daniel Cunningham, Evan Richardson, River Rhoads, Dillon Majeski and Cory Sanchez of Marcus & Millichap’s …
WOOD-RIDGE, N.J. — AvalonBay Communities has sold Avalon Wesmont Station, a 406-unit community located in Wood-Ridge, approximately 15 miles northwest of New York City. Cammeby’s International purchased the community for $161.5 million. Located at 100 Rosie Square, Avalon Wesmont Station offers a mix of studio, one-, two- and three-bedroom apartments. The average unit size is 959 square feet. Residents have access to amenities such as a pool, sundeck with grills, clubroom with workstations, fitness center. The property also offers covered parking and 18,000 square feet of ground floor retail space. Jose …
RALEIGH, N.C. — JLL Capital Markets has arranged the sale of and acquisition financing for the Greens at Centennial, a 292-unit community located at 320 The Greens Circle in Raleigh. Built in 2014, Greens at Centennial offers a mix of studio, one- and two-bedroom units. The average unit size is 941 square feet. Amenities include a pool, fitness center, fenced dog park and landscaped courtyards with grilling areas. JLL Capital Markets co-brokered the transaction in conjunction with Capital Associates, who represented the seller, an affiliate of Capital Associates. JLL also …
READCO Secures $41.5 Million Construction Financing for Mixed-Use Project in Stonington, Connecticut
STONINGTON, CONN. — READCO has received $41.5 million in construction financing for Stonington Village, a 160-unit mixed-use development in Stonington, a town situated along the Long Island Sound in Connecticut’s New London County. Henry Schaffer and Madeline Joyce of JLL Capital Markets arranged the five-year, fixed-rate loan through Liberty Bank. Located at 85 Voluntown Rd., Stonington Village will feature six buildings. Units will come in studio, one-, two- and three-bedroom floor plans. Planned amenities include a clubhouse, pool and parking facilities. The project includes an affordable housing component. However, income …
TORRANCE, CALIF. — A partnership between Legacy Partners and DWS Group has begun the construction of Soto, a 200-unit project in Torrance, roughly 30 miles west of Anaheim, California. The project team includes Westport Construction as the general contractor and Architects Orange as the designer. Located at 3862 Carson St., Soto will offer studio, one- and two-bedroom floor plans. Units will range from 633 square feet to 1,118 square feet. Planned amenities include a rooftop pool and amenity deck with an indoor-outdoor fitness center, resident clubhouse, coworking area and two courtyards …