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Investor Group Closes Construction Loan for Dripping Springs 55+ Housing ProjectNorth River Partners, Crestline Investors, Mutual of Omaha and Millennium Bridge announced the closing of a $54.0 million ground-up construction loan to finance the development of Serenova at Dripping Springs, a 175-unit independent living community in Dripping Springs, Texas.
Bow River Inks $53.9M Acquisition Loan for Northlake Apartment SaleNewmark arranged $53.9 million in financing for the acquisition of Dry Creek Ranch, a 456-unit multifamily community in Northlake, Texas. Bow River Capital purchased the asset from Western Securities.
Newmark Arranges Acquisition Financing for 1.7 MSF BRiC Office Campus in South FloridaBOCA RATON, FLA. — Newmark has arranged an undisclosed amount of acquisition financing for Boca Raton Innovation Campus (BRiC), a 1.7 million-square-foot office and research-and-development campus located at 5000 T-Rex Ave. in Boca Raton.
New Empire Receives $75M in Construction Financing for Brooklyn Multifamily ProjectNEW YORK CITY — Locally based developer New Empire has received $75 million in construction financing for a new multifamily project that will be located in Brooklyn’s Flatbush neighborhood.
Rivani Lands $114M Refi For Playboy HQ Building: The South Florida Deal SheetRobert Rivani finalized $114.3M to refinance a Miami Beach mixed-use project he touted as offering "Class-X" office.
Walker & Dunlop Arranges $86M Refi for Flushing Affordable QuartetWalker & Dunlop arranged an $86,443,000 Freddie Mac refinancing of a 506-unit multifamily portfolio in the Flushing neighborhood of Queens.
Nuveen Green Capital Closes New Hampshire’s First C-PACE FinancingNuveen Green Capital has closed on $23.2 million in C-PACE financing for the ground-up development of The Brickyard in Lebanon, NH, reportedly the first C-PACE transaction ever completed in the state of New Hampshire.
Private Lender Ascent Expands L.A. Headquarters as It Tops $3.7B in OriginationsPrivate real estate lender Ascent Developer Solutions is expanding its Los Angeles headquarters after passing $3.7 billion in originations just over two years after launching.
BREIT Lines Up $1.7B CMBS Loan For 19M SF Industrial PortfolioThe loan will refinance existing debt on a 96%-leased warehouse and light industrial portfolio spanning 18 states.
KCG Snags Financing for 260-Unit Mesquite Senior Housing CommunityKCG is moving forward on a $78.45 million senior housing community in Mesquite.
RIVANI Lands $114.3M Refi on Miami Beach Office/Retail ProjectRIVANI obtained a $114.3 refinancing of a newly completed 165,170 square foot office and retail destination near Lincoln Road in Miami Beach. Berkadia’s Brad Williamson, Scott Wadler, Michael Basinski, Mitch Sinberg and Matthew Robbins secured the financing on behalf of RIVANI.
JLL Arranges $102M in Financing for Four-Property Industrial Portfolio Spanning Three StatesNEW YORK — JLL Capital Markets has arranged a $102 million loan to finance a four-property industrial portfolio spanning Georgia, Florida and South Carolina.
Commercial Real Estate Investment’s Curious Rise Amid Higher Inflation, RatesLast week, the Federal Reserve raised interest rates by a quarter point while signaling another hike later this year.
Fully Leased Meatpacking District Mixed-Use Refinanced for $293MWalker & Dunlop said Friday it arranged $293,200,000 to refinance 40 Tenth Ave., a 158,957-square-foot, mixed-use property in Manhattan’s Meatpacking District. Walker & Dunlop Capital Markets Institutional Advisory advised Aurora Capital and William Gottlieb Real Estate.
Edgewood Capital Provides $28M Refi for Fort Lauderdale Condo ProjectLatitude Group has landed a $27.9 million loan to refinance a newly completed condominium project in Fort Lauderdale, Fla., Commercial Observer has learned.
FedEx's Consolidation Plan Puts $3B Of CMBS Debt In CrosshairsFedEx's consolidation could trouble industrial landlords with leases expiring before mortgages mature.
Corebridge Financial Refis Meatpacking Office Property With $293M LoanA joint venture between Aurora Capital Associates and William Gottlieb Real Estate has sealed a $293 million loan to refinance a mixed-use asset in Manhattan’s Meatpacking District, according to a release.
Representative imageBenmark Capital Provides $38M Loan for Refinancing of Workforce Housing Portfolio in Paterson, New JerseyPATERSON, N.J. — Benmark Capital, a private equity firm with offices in Miami and New Jersey, has provided a $38 million loan for the refinancing of a portfolio of two workforce housing buildings totaling 203 units in the Northern New Jersey community of Paterson.
JLL Arranges $154.1M in Financing for Six-Property Retail Portfolio Spanning Three StatesCALIFORNIA — JLL has arranged $154.1 million in financing for a six-property, 1.3 million-square-foot retail portfolio spanning California, Arizona and Georgia.
Representative imageBWE Arranges $48M Refinancing for 978,000 SF Industrial Property in DeKalb, IllinoisDEKALB, ILL. — BWE has arranged $48 million to refinance a 978,000-square-foot logistics facility occupied by 3M in DeKalb. Mike Guterman of BWE arranged the fixed-rate loan, which features a 55 percent loan-to-value ratio.