BWE has secured a $20 million loan to provide permanent financing for Lake Place, a 110-unit luxury active adult community in Chanhassen, Minnesota, part of the Minneapolis metropolitan area. Lundat Kassa, vice president in BWE’s Washington, D.C. office, originated the…
Cannon Commercial obtained $60 million in financing to acquire a 2 million-square-foot industrial portfolio comprising two buildings, one each in Jacksonville, Fla., and Hammond, La. The properties are both fully leased to regional grocery chain Winn-Dixie. JLL secured the 10-year,…
JLL Capital Markets arranged $22.3 million in acquisition financing for industrial outdoor storage (IOS) properties located at 115 St. Nicholas Ave. and 115 Skyline Dr. in South Plainfield, Middlesex County, NJ. Senior managing directors Jon Mikula and Jim Cadranell, associate John Cumming…
MonticelloAM, a specialized multifamily and seniors housing bridge lending platform, has closed $73.2 million in total bridge and working capital financing for a portfolio of seniors housing and healthcare properties across Ohio. The $64,700,000 floating-rate senior bridge loan will be…
JLL has arranged $39.98 million in acquisition financing for a portfolio of three senior housing communities totaling 344 units in Eugene and Springfield, Oregon, on behalf of a local operator. JLL worked on behalf of the borrower to secure the…
IPA Capital Markets, a division of Marcus & Millichap, has secured $174 million in joint venture equity and debt financing for the acquisition of 55 Riverwalk Place, a 348-unit multifamily property located in West New York, NJ. Built in 2006, the…
Driftwood Capital (“Driftwood”) secured $28.5 million in refinancing for the Wylie Hotel Atlanta. Fortress Investment Group provided a 36-month loan at a competitive interest rate to refinance the Wylie. Driftwood Acquisition Partners (“DAP”) acquired the independent Wylie Hotel in 2021 and…
Alloy Development has secured $290 million in permanent financing for 505 State St., reportedly New York City’s first all-electric skyscraper, located at the intersection of State Street and Flatbush Avenue in Downtown Brooklyn. The financing from New York Life Real Estate…
Areté Collective and the Wasatch Group closed on a $106 million financing for Thomas Ranch, a residential community in Spicewood, Texas. The non-recourse, tax-exempt bond, underwritten by D.A. Davidson’s Development Finance Group, will provide the developer with proceeds to implement its 2,200-acre master plan…
Leon Capital Group secured $58 million in construction financing for its 303-unit multifamily development in Morrisville. ACORE Capital Capital was the lender for the Raleigh/Durham area project at 3000 Bearing Way. David Cocanougher, President of Leon Multifamily, added, “We believe…
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