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Talonvest Arranges $57.7M Refi on 7 Florida Self-Storage FacilitiesTalonvest Capital arranged $57.7 million in financing for seven Florida self-storage properties on behalf of HPI Real Estate Services & Investments. The portfolio consists of institutional-quality, Class A self-storage assets developed and acquired by HPI between 2021 and 2024.
Graycliff Capital Offloads Two Augusta Apartment CommunitiesBerkadia brokered the sale and financing of two garden-style multifamily properties in Augusta, Georgia: Stevens Creek Commons and Marks Church Commons. Berkadia’s Mike Riley, Ian Shaw, Andrew Mays and Paul Vetter led the sale on behalf of the seller, Haley Real Estate Group.
Representative imageAxonic Capital Receives $72M Loan for Refinancing of Midtown Manhattan Office BuildingNEW YORK CITY — Investment management firm Axonic Capital has arranged a $72 million senior loan for the refinancing of the leasehold interest of 430 Park Avenue, a 19-story office building in Midtown Manhattan.
Affinius Capital, Axonic Capital Provide $43M Refi for Miami-Area Self-Storage PropertiesUTEX Storage Partners has secured a $42.5 million loan to refinance a two-property self-storage portfolio in Miami-area cities Coral Gables and Pembroke Pines, Commercial Observer can first report.
AI-Driven Mortgage Matchmakers Aim For The Middle MarketA class of mortgage marketplaces is leaning into AI to speed up the lending process, with hopes of better serving middle-market deals. These loans, usually ranging between $5M and $100M, fuel the development of strip malls, small industrial projects...
Multi-Site New Hampshire Seniors Development Secures $44M FinancingEastern Bank provided financing for a multi-site affordable senior housing development in four New Hampshire communities: Tamworth, Bethlehem, Manchester and Pelham.
S2 Capital Offloads 229-Unit Plano Rental CommunityNewmark arranged the sale and financing of Hathaway at Willow Bend, a 229-unit multifamily community located at 2525 Preston Road in Plano, Texas.
Hudson Bay Capital Supplies $60M Refi for Redeveloped N.J. Office CampusA joint venture between Somerset Development and HIG Capital has sealed a $60 million loan to refinance a repurposed New Jersey mixed-use office campus that will soon be home to sandwich chain Jersey’s Mike’s headquarters, Commercial Observer has learned.
Manhattan Beach Studios Shopped As Possible Defense Tech SiteLenders on Hackman Capital Partners' Manhattan Beach Studios are selling its $240M mortgage, leaning on the South Bay submarket's booming aerospace and defense technology industries in its marketing materials. “There’s never been a more perfect...
Ponce Bank Lends $50M for Canarsie ApartmentsMidwood Group has landed $50 million of construction financing to build a multifamily project in Brooklyn, Commercial Observer has learned.
Representative imageNorthmarq Arranges $35M in Acquisition Financing for Long Island Industrial PortfolioFARMINGDALE, HICKSVILLE AND OCEANSIDE, N.Y. — Northmarq has arranged $35 million in acquisition financing for a portfolio of five small-bay industrial properties totaling 275,891 square feet on Long Island.
Representative imageCushman & Wakefield Arranges $56.6M Refinancing of Luxury Multifamily Community in D.C.WASHINGTON, D.C. — Cushman & Wakefield has arranged a $56.6 million loan to refinance The Ellington, a 190-unit luxury multifamily property located at 1301 U St. in Washington, D.C.
Beachwold Closes on $176.6M Financing for 1,395-Bed UCF Student Housing VentureBeachwold Residential obtained a $176.6 million construction loan to finance the development of Place at Alafaya Phase I & II.
NewPoint Provides $34.6M Loan for Hotel-to-Multifamily Conversion Project in Arlington, VirginiaARLINGTON, VA. — NewPoint has provided a $34.6 million bridge loan for the acquisition and planned multifamily conversion of the Clarion Collection Arlington Court Suites, a 187-room, extended-stay hotel located in Arlington’s Rosslyn-Ballston corridor.
Citi Prices Largest Single Bank-Contributed, Multi-Only CMBS Conduit Deal Since GFCDog days of summer? Not for Citigroup, which just priced a record-setting deal. The bank this week priced the largest multifamily-only conduit commercial mortgage-backed securities (CMBS) transaction originated by a single bank since the Global Financial Crisis.
Capital Arrives in the Sunbelt for the Right Multifamily DealsFor the past two years, the multifamily market in the Sunbelt states has struggled with record unit deliveries, rising interest rates and softening rent growth.
Meridian Arranges $186M Financing for Asbury Park Condo ProjectMeridian Capital Group arranged $186,000,000 in construction financing for Lido Oceanfront Residences, a new luxury condominium development located at 1201 Ocean Ave. N. in Asbury Park, NJ, on behalf of Inspired by Somerset Development.
Nuveen Green Capital Supplies $101M C-PACE Loan for Newark StudiosLights, camera, action! Great Point Studios has sealed $101 million of construction financing to develop a film and TV production studio campus in Newark, N.J., Commercial Observer has learned.
Representative imageAffinius Provides $177M Construction Loan for Central Florida Student HousingStudent housing continues to secure institutional capital.
CMBS Special Servicing Rate Reverses May’s Monthly DeclineThe Trepp CMBS special servicing rate increased by 34 basis points in June to 11.20%, reversing May’s decline. Special servicing rates increased in four of the six major property types in June, reported Trepp.