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Rates & lending news – page 16
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JLL Secures Financing for Industrial Development Underway Near Savannah Totaling $70.4MBLACK CREEK, GA. — JLL Capital Markets has secured $30.5 million in joint venture equity and $39.9 million in construction financing for Black Creek Commerce Center, a three-building industrial development underway in Black Creek, roughly 23 miles northwest of Savannah.
Northmarq Arranges $50.8M Loan for Grocery-Anchored Retail Center in Metro D.C.POTOMAC, MD. — Northmarq has arranged a $50.8 million permanent, fixed-rate loan for the refinancing of Potomac Place Shopping Center, an 80,040-square-foot retail center located in Potomac, roughly 15 miles northwest of downtown Washington, D.C.
NRP Advancing 312-Unit Port St. Lucie Apartment VentureThe NRP Group broke ground on its newest luxury apartment community, a 312-unit development within the 10,000-acre Tradition master-planned community at 13661 SW Village Parkway in Port St. Lucie. M&T Bank provided construction financing.
Newmark Provides $58M Fannie Mae Loan for Active Adult Community in San Clemente, CaliforniaSAN CLEMENTE, CALIF. — Newmark has provided a $58 million Fannie Mae loan for Everleigh San Clemente, an active adult community in Southern California in San Clemente.
Sack Capital, Align Finance Close Financing for Two Step Up Housing AcquisitionsSack Capital Partners, a San Francisco-based real estate investment and management firm, and Align Finance Partners have closed structured financing for Step Up Housing’s acquisition of two California multifamily communities: Copper Creek, a 268-unit community in Sacramento; and…
Representative imageNuveen Green Capital Closes $281M C-PACE Loan for Boston CondosThe steady climb of commercial property assessed clean energy (C-PACE) financing around the U.S. has made its way to one of Boston’s tallest buildings.
CEDARst Closes on Construction Loan for Sixth San Diego MultifamilyCEDARst Companies has closed on construction financing and launched construction on a 197-unit multifamily development, The Samuel, located at the corner of Adams Avenue and Idaho Street in San Diego’s North Park neighborhood.
Winthrop Center Residences Secure New England’s Largest C-PACE FinancingMassDevelopment, Nuveen Green Capital and Millennium Partners announced $281 million in private financing for the Millennium Residences at Winthrop Center at 115 Federal St. in downtown Boston under the state’s Property Assessed Clean Energy (PACE) Massachusetts program.
With Illinois' Senior Population Set To Grow By 40%, Developers Are Facing A Financing PuzzleIllinois is projecting a 40% growth in the 65-and-over population by 2035. Developers face financing hurdles in creating senior housing solutions.
Representative imageSt. Regis Bal Harbour Resort Secures $263M Refi After Special ServicingFortress Investment Group has rescued Al Rayyan Tourism Investment Company (ARTIC)’s St. Regis Bal Harbour Resort out of special servicing, supplying a $263 million loan to refinance the oceanfront property.
PACE Loan Group Adds CRE Vet Kenneth Sacco as CFOPACE Loan Group (PLG) has hired a commercial real estate veteran and finance leader to shepherd its capital markets momentum in the growing commercial property assessed clean energy (C-PACE) market.
S3 Capital Lends $35M for Miami-Dade County ApartmentsMiami developer Aconcagua Group has landed $35 million of construction financing to complete a multifamily project in Miami-Dade County, Commercial Observer has learned.
Affinius Capital Provides $89M Acquisition Loan for Midtown Manhattan Office BuildingNEW YORK CITY — Affinius Capital has provided an $89 million acquisition loan for CitySpire, a 371,000-square-foot office building in Midtown Manhattan.
Nationwide Life Insurance Company Provides $51M Refi for D.C.-Area Retail CenterZuckerman Gravely has secured $50.75 million to refinance Potomac Place Shopping Center, an 80,000-square-foot, Class-A grocery anchored retail center in Potomac, Md., a suburb just outside of Washington, D.C., Commercial Observer can first report.
Walker & Dunlop Provides $33.2M Agency Acquisition Loan for Los Angeles Multifamily CommunityLOS ANGELES — Walker & Dunlop has provided a $33.2 million Freddie Mac acquisition loan for Palm Court Apartments in Los Angeles’ Miracle Mile neighborhood.
CRE Continues Holding Up as Occupiers and Investors are More SelectiveThe first half of 2026 generated considerable concern among commercial real estate investors and occupiers. Inflation remained sticky, prompting the Federal Reserve to hold interest rates steady.
Westphal Company Lands $56M Refi for San Diego ApartmentsThe Westphal Company has secured $56.1 million in permanent financing for a 354-unit apartment complex in eastern San Diego County. Northmarq arranged the fixed-rate financing through the firm’s Fannie Mae platform.
'We Messed Up With Rent Control': CRE Execs On MoCo's Multifamily HurdleMontgomery County's rent control law stifles new multifamily projects, necessitating creative financing solutions.
Representative imageFortress Refinances Dania Design Center With $45M After Foreclosure FightFortress Investment Group has refinanced the Design Center of the Americas in Dania Beach, Fla., following a nasty foreclosure fight with its previous owner, New York-based billionaire Charles Cohen.
Walker & Dunlop Arranges $147.5M in Construction Financing for Port Chester Multifamily ProjectPORT CHESTER, N.Y. — Walker & Dunlop has arranged $147.5 million in construction financing for 2 South Main, a 322-unit multifamily project in Port Chester, located along the New York-Connecticut border.