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Rates & lending news – page 48
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Prime Finance Refis Colorado Multifamily Property With $68M LoanA joint venture between BMC Investments and Rockpoint has secured a $68.3 million loan to refinance a multifamily community in suburban Denver, Commercial Observer has learned.
Elevate Building Student Housing at a Fast-Growing Texas UniversityS3 Capital originated a $116 million acquisition and construction loan to finance the development of a new student housing project being developed by Elevate Development Partners near Texas State University in San Marcos, Texas.
Denver Investor Scores $90M Financing for 353-Unit Rental AssetPrice Brothers has refinanced Rye SoBo, a 353-unit luxury community in Denver. A Blackstone affiliate provided the $90 million, three-year bridge loan. Multi-Housing News reports that previous financing included a $105 million loan issued by AEW Capital Management in 2022.
RXR Secures $269M From Blackstone, Canyon Partners for White Plains Multifamily RefiRXR and Korman Communities have secured $269 million to refinance Hamilton Green, a recently completed 477-unit luxury multifamily housing complex in the heart of White Plains, N.Y.
Representative imageGantry Arranges $60M Loan for Refinancing of Fort Worth Industrial BuildingFORT WORTH, TEXAS — San Francisco-based intermediary Gantry has arranged a $60 million loan for the refinancing of a 1.4 million-square-foot industrial building in Fort Worth.
Jax Apartment Investor Inks $78M RefiTrevato Development Group, a sister company of Block One Ventures, closed on a $78 million refinance of The Station at San Marco, a 345-unit multi-family project in Jacksonville, Florida, with a nationally known insurance company.
Representative imageMeridian Capital Arranges $50M Refinancing for Langston Views Apartments in D.C.WASHINGTON, D.C. — Meridian Capital Group has arranged a $50 million bridge-to-agency loan for the refinancing of Langston Views, a 671-unit apartment complex located at 2300 Marion Barry Ave. SE in Washington, D.C.
Representative imageWebster Bank Provides $33.2M Refinancing of Industrial Property in South Windsor, ConnecticutSOUTH WINDSOR, CONN. — Webster Bank has provided a $33.2 million loan for the refinancing of a 315,000-square-foot industrial property in South Windsor, located northeast of Hartford. The distribution building at 456 Sullivan Ave.
Representative imageIPA Capital Markets Secures $116.5M Construction Loan for Pacific Northwest Industrial PropertyLOS ANGELES — IPA Capital Markets, a division of Marcus & Millichap, has arranged $116.5 million in financing for the development of a 1.4 million-square-foot industrial property in the Pacific Northwest.
Cushman & Wakefield Arranges Refi for South Bronx Class A MultifamilyCushman & Wakefield arranged a $26,350,000 loan on behalf of the JCAL Development Group to refinance The Bridgeline, a 91-unit Class A multifamily property located at 329 E. 132nd St. in the South Bronx. Webster Bank provided the two-year, fixed-rate loan.
Williamsburg Mixed-Use Secures $72M Construction LoanLorimer Capital, a commercial real estate lending platform, announced the closing of a $72-million construction loan secured by 83 Wythe Ave., a to-be-built, approximately 187,000-square-foot, 13-story mixed-use development in Williamsburg, Brooklyn.
First Pathway, Clearwater PACE Lend $95M for Utah ResortDeveloper Charles Heath has landed a $95 million debt package to develop a wellness resort near Park City, Utah, Commercial Observer has learned.
In Commercial Real Estate Financing, Clear Shifts Mean New ApproachesRockefeller Center, a historic landmark that for decades symbolized New York City’s financial and entertainment might, provided a fitting setting April 30 for Commercial Observer’s annual spring National Finance Forum, where some of the commercial real estate’s biggest players…
Office Distress Dominates Largest U.S. CMBS MarketsAcross the 50 most populous U.S. metropolitan statistical areas, CRED iQ’s proprietary loan analytics platform recorded an aggregate commercial mortgage-backed securities (CMBS) distress rate of 12.2 percent as of April.
JLL Arranges $109.5M Loan for Refinancing of Apartment Building in Edgewater, New JerseyEDGEWATER, N.J. — JLL has arranged a $109.5 million bridge loan for refinancing of a 226-unit, newly renovated apartment building in the Northern New Jersey community of Edgewater.
Olshan Properties Receives $40M Loan for Refinancing of Manhattan Office BuildingNEW YORK CITY — An affiliate of Olshan Properties has received a $40 million loan for the refinancing of 99 Hudson Street, a 183,958-square-foot office building in Manhattan’s Tribeca neighborhood.
JLL Arranges $46.3M Refinancing for Multifamily Community in Long Beach, CaliforniaLONG BEACH, CALIF. — JLL Capital Markets has arranged $46.3 million in refinancing for 200 W. Ocean, a 106-unit multifamily community in downtown Long Beach. Jeff Sause, Jacob Michael and Thomas Gonzalez of JLL represented the undisclosed borrower in the financing.
Representative imageMatthews Capital Markets Secures $22.5M Acquisition Loan for Medical Office Portfolio in CaliforniaOXNARD, CALIF. — Matthews Capital Markets has secured a $22.5 million acquisition loan for a four-property medical office and regional center portfolio in Oxnard. Geoffrey Arrobio of Matthews Capital Markets handled the financing.
Continuum Obtains $350M Financing for Waterfront Condo Development in South FloridaNORTH BAY VILLAGE, FLA. — Continuum Co. has obtained $350 million in construction loans for Continuum Waterfront District, a 4-acre master-planned development located along Biscayne Bay in North Bay Village.
Dwight Capital Arranges HUD 223(f) Loan for Harlem Luxury High-RiseDwight Capital has closed a $114-million HUD 223(f) refinance for 224 W 124th St., a 168-unit luxury high-rise residential building in Harlem. Dwight managing director Adam Offman originated the transaction on behalf of the borrower, Rester Management.