CBRE has arranged a $58 million senior loan and $9 million preferred equity investment to refinance The Blakely, a 420-unit multifamily community in Pendergrass, Georgia, 30 minutes northeast of Atlanta. Blake Cohen and Charlie Clark with CBRE Capital Markets’ Debt & Structured Finance…
PGIM Real Estate provided a $82 million floating rate loan on behalf of MetLife Investment Management and StreetLights Residential to refinance Mira at Midtown Union, a multifamily property located at 1301 Spring St NW in Atlanta. The 26-story high-rise property…
Hines, Affinius Capital and Columbia Development have secured a $191 million senior mortgage for Fenton, a 92-acre mixed-use district in the Cary submarket of Raleigh/Durham, North Carolina. Fenton is Cary’s first vertically integrated, mixed-use destination. Fenton, created in 2021, includes 246,000…
Marathon Asset Management’s Commercial Real Estate platform originated a $154.5 million mortgage loan to a joint venture between Monarch Alternative Capital LP (“Monarch”) and REDICO (the “Sponsor”) to fund the refinance of The American House Florida Portfolio. The Portfolio consists…
Greystone has arranged a $33.7 million debt placement to refinance a portfolio of seniors communities in the Pacific Northwest. The transaction was sourced by David Young, a Managing Director at Greystone on behalf of a regional owner of affordable-focused senior…
Terra secured $291 million in permanent financing for the newly completed first phase of Centro City, a 38-acre mixed-use development located in the center of Miami-Dade County, just west of Little Havana. JVP Management has issued a $187 million loan for…
Newmark Group has arranged a $400 million credit facility for PORT 32 Marinas to refinance its existing portfolio of coastal marinas, and to fund the future acquisition of marinas. Newmark’s Jordan Roeschlaub, Chris Kramer and Jonathan Firestone arranged the financing, which was provided by…
KISCO Senior Living obtained a $71.3 million refinancing of the Abbotswood at Irving Park, a senior living community in Greensboro. Berkadia’s Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld of Berkadia Seniors Housing & Healthcare, secured the financing through…
A team of developers has obtained a $32.8 million loan to refinance Eastborough at San Marco, a new, stabilized 226-unit multifamily community in Jacksonville. Philip Rachels, Jeff Kinney and Connor O’Sullivan with CBRE Capital Markets’ Debt & Structured Finance in Jacksonville secured…
CBRE arranged a $171.4 million loan to refinance the “Southeast Grocery-Anchored Portfolio” (Portfolio), which includes eight properties located throughout Tennessee, Kentucky, Georgia and Florida. The portfolio totals nearly 1.2 million square feet of retail space and was 96.6% leased at…
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