News
JLL Arranges $75M Construction Financing for Vancouver Housing Development
JLL has arranged a $75 million construction loan for The VIC Phase 1, a 250-unit multifamily development in Vancouver, Washington. JLL represented the borrowers, Rabina and New Blueprint Partners, in securing the three-year, floating-rate construction loan. JLL Capital Market’s Debt Advisory team, representing the borrower, was led by Senior Managing Director Casey Davidson and Director Charlie...
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Construction to Begin on Apartments in Evanston
Skender has begun construction on Mt. Pisgah Apartments, a new mixed-use affordable housing development in Evanston, Illinois, that will deliver 33 homes. The development, led by Housing Opportunity Development Corporation (HODC) in partnership with Skender Construction, Mt. Pisgah Ministries and the City of Evanston, will transform the current church site at 1813 Church Street into...
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Apartment Investor Targets San Antonio Value-Add Rental Assets
Platte Canyon Capital paid $45 million for two apartment complexes in the San Antonio area. The company purchased Allure Apartments, a 268-unit community at 7770 Pipers Lane near Westover Hills and Northwood Luxury Apartments, a 252-unit property at 1950 FM 306 in New Braunfels. The San Antonio Business Journal reports the company purposefully acquired distressed apartment...
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Walker & Dunlop Arranges $128.5 Financing for Houston Apartment Developer
Walker & Dunlop, Inc. announced today that it has arranged $128.5 million for the acquisition financing of The Arno, a 168-unit luxury residential community located in Houston’s River Oaks neighborhood. Walker & Dunlop Capital Markets Institutional Advisory arranged the transaction on behalf of Sade Real Estate. Sean Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, and Sean Bastian secured the financing...
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JLL Arranges $252M Financing for Huntington Beach Seniors Project
JLL and HJ Sims have arranged $252.1 million in tax-exempt and taxable bond financing for the development of The Marisol, a planned 214-unit seniors housing community in Huntington Beach. HJ Sims acted as lead book-running manager on the senior bonds and JLL Securities served as co-manager and led the process in securing the investor for the subordinate...
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JLL Arranges $142M for Luxury River North MF Property
JLL has arranged a $141.817 million refinancing for Wolf Point West, a luxury multifamily property in Chicago’s River North neighborhood. JLL represented the borrower, Hines, in partnership with AFL-CIO Building Investment Trust (advised by DWS Group), Magellan Development Group and the Joseph P. Kennedy Trust, to secure a three-year, floating-rate loan from New York Life Insurance...
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Developers Secure $98M Financing for Conversion of Harlem Correctional Facility
LDG Group LLC, Infinite Horizons, L+M Development Partners and Urbane Development Group have closed on $97.8 million in financing to redevelop the former Lincoln Correctional Facility in Harlem. The redevelopment of the long-vacant correctional facility will create 105 new affordable cooperative units for households earning between 40% and 100% of the Area Median Income. At...
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13th Floor Closes $47M Construction Loan for Greenville Rental Community
13th Floor Investments has broken ground on “Venture on the Trail” – a 222-unit garden-style multifamily community in Greenville, South Carolina. Located at 301 Alston Street, the development marks the first phase of 13th Floor’s “On the Trail” mixed-use development slated to rise on 250 acres. CIBC provided $47 million in construction financing to kick-start...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout