News

Dwight Capital Provides $23M HUD Loan to Refinance Berkshire Crossing in Hanford, California

by Lynn Peisner April 30, 2026

HANFORD, CALIF. — Dwight Capital has provided a $23 million HUD refinancing loan for borrowers Fresno Supreme Inc. and Santa Lucia Ventures, owners of Berkshire Crossing, a 92-unit community completed in 2022. Located in Hanford, approximately 33 miles south of Fresno, California, Berkshire Crossing features one-, two- and three-bedroom units and such amenities as a pool, hot tub, fitness center, package lockers and a clubhouse. Dwight Capital’s Keith Hoffman and Aaron Kirshtein led the transaction.

April 30, 2026

Arizona Development News Operations Western

Mill Creek Residential Pre-Leasing at Modera Chandler

by Lynn Peisner April 30, 2026

CHANDLER, ARIZ. — Mill Creek Residential has begun pre-leasing at Modera Chandler, a 345-unit property in Chandler that Mill Creek began developing in July 2024. Modera Chandler is comprised of one-, two- and three-bedroom homes, some with dens. Amenities include a resort-style pool with cabanas, a hot tub and sauna, grilling area, fire pit, outdoor dining, a clubroom with gathering space, landscaped courtyards, coworking space with private pods, a conference room, resident lounge with library, pet park, playground and a two-story fitness center. The community also features 24-hour digital self-serve …

April 30, 2026

Affordable Housing Arizona Development Finance News Western

UDG Breaks Ground on Phase II of Phoenix Affordable Housing Development

by Lynn Peisner April 30, 2026

PHOENIX — Ulysses Development Group (UDG) has broken ground on Salt River Flats 2, a 168-unit affordable housing community located at 4027 S. 13th St. in Phoenix. The project will offer apartments to families and individuals earning up to 60 percent of area median income. Salt River Flats 2 is adjacent to Denver-based UDG’s first project in Arizona, Salt River Flats, which includes 196 multifamily units and opened in the spring of 2024. Funding was secured through a variety of sources, including the Arizona Industrial Development Authority, which provided $34.5 …

April 30, 2026

Berkadia Finance Florida News Southeast

Berkadia Arranges $21.5M Refinancing For 170-Unit Miami Community

by Lynn Peisner April 29, 2026

MIAMI — Berkadia has arranged a $21.5 million loan on behalf of Rental Asset Management (RAM) to refinance South Pointe Apartments, a 170-unit community located in the West Perrine neighborhood of Miami. Matthew Robbins, Mitch Sinberg, Scott Wadler, Brad Williamson and Hugo Hernandez of Berkadia Boca Raton secured the financing on behalf of RAM, a Fort Lauderdale, Florida-based multifamily owner and operator. The five-year, fixed-rate Fannie Mae loan features full-term interest-only payments and a 35-year amortization schedule. Located at 17800 SW 107th Ave., the 1971-built development is a two-story, garden-style …

April 29, 2026

Finance Illinois Midwest News

Optima Obtains $60M Refinancing for Metro Chicago Development

by Lynn Peisner April 29, 2026

WILMETTE, ILL. — Walker & Dunlop has arranged a $60 million Freddie Mac loan for Optima, a developer with offices in Illinois and Arizona. The loan is take-out construction financing for Optima Verdana, a 100-unit community completed in 2023. The property, located in Wilmette, approximately 18 miles north of Chicago, also features 5,900 square feet of ground-floor retail. The Walker & Dunlop team was led by Dave Hendrickson, Pat Modig, Jonathan Paine, Mo Beler, Will Crittenberger and Philippe LaPointe.

April 29, 2026

Investment Sales Massachusetts News Northeast

Marcus & Millichap Arranges $8.7M Sale of 1920s Apartment Building in New Bedford, Massachusetts

by Lynn Peisner April 29, 2026

NEW BEDFORD, MASS. — Marcus & Millichap has arranged the $8.7 million sale of Roosevelt Apartments in downtown New Bedford, about 58 miles south of Boston. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap marketed the property on behalf of the seller, a family office based in New Jersey, and procured the undisclosed buyer. Roosevelt Apartments consists 73 studio, one- and two-bedroom units. The six-story brick apartment building was built in 1924, sits on about a half-acre lot and includes 26 off-street parking spaces. The property is located at …

April 29, 2026

Finance Florida News Southeast

The Lynd Group Obtains $34.5M Refinancing for Parc Place Apartments in Metro Miami

by Lynn Peisner April 28, 2026

MIAMI GARDENS, FLA. — The Lynd Group has secured a $34.5 million loan, provided by A10 Capital, to refinance Parc Place, a 234-unit community in Miami Gardens, about 17 miles north of Miami. The Lynd Group, an investment, development and property management firm based in San Antonio, acquired Parc Place in 2021 for $40.8 million. The loan will support the company’s ongoing renovations. According to CEO David Lynd, monthly rent increases so far during the hold period have ranged from $120 to $150. Unit improvements include new flooring, countertops, stainless …

April 28, 2026

Investment Sales News Northeast Washington, D.C.

Marcus & Millichap Arranges $4.7M Sale of 21-Unit Property in Northwest D.C.

by Lynn Peisner April 28, 2026

WASHINGTON, D.C. — Marcus & Millichap has arranged the sale of 4107 Connecticut Ave. NW, a 37-unit apartment building in the Van Ness neighborhood of Washington, D.C. The asset sold for approximately $4.7 million. Marcus & Millichap also arranged $3.5 million in acquisition financing. The seller and buyer were identified as two LLCs, Sirius and White Crest, respectively. The four-story apartment building totals approximately 14,400 rentable square feet. The unit mix includes 21 studios, seven one-bedroom units and nine two-bedroom units. Built in 1957, the building has undergone recent renovations, …

April 28, 2026

Affordable Housing Investment Sales News North Carolina Southeast

Rise48 Equity Buys Raleigh, North Carolina, Property, Plans Renovations and Institutes Rent Caps

by Lynn Peisner April 28, 2026

RALEIGH — Rise48 Equity has acquired Atria at Crabtree Valley in Raleigh and will rebrand the property Rise Bluestone. Located at 4601 Baymar Drive, the community was developed in 1987. Rise48 is planning a value-add renovation program across all units that will include new vinyl plank flooring, resurfaced countertops and updated finishes. From a service standpoint, Rise48 will install a bulk cable and internet program and as well as new carport parking. The Arizona-based company says these efforts are expected to result in a monthly rental rate increase of approximately …

April 28, 2026

Affordable Housing Finance News

Walker & Dunlop Arrange $1.7B Refinancing for 52-Property Affordable Housing Portfolio

by Lynn Peisner April 27, 2026

MIAMI — Walker & Dunlop has arranged approximately $1.7 billion in agency loan proceeds to refinance 12,955 predominantly workforce and affordable housing units in 52 properties across 10 states for Starwood Capital. Walker & Dunlop Capital Markets Institutional Advisory arranged the transaction on behalf of Starwood Capital’s Starwood Real Estate Income Trust (SREIT), which acquired the properties in 2021. Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Michael Stepniewski and Michael Ianno originated the 10-year Freddie Mac loans.

April 27, 2026

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