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Continental Realty Corporation Acquires 292k sf Retail Asset in Orange County 2/15/24 Continental Realty Corporation acquired The South Coast Collection (“SOCO,”) a 292k sf, urban-infill shopping center in Costa Mesa. The purchase was financed with an acquisition loan of $66 mil.
Situated in the center of Ora...
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Arizona Mobile Home Park Project Lands $13 Mil Construction Loan 2/14/24 Victoria Farms, a to-be-built 305-pad mobile home park (MHP) community in Lake Havasu City, is closer to completion as the project’s developer has secured a new $13 mil construction loan for the development. Lake Havasu City,...
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Pleasanton Retail Property Refinanced with New 12-Year Loan for $8.6 Mil 2/12/24 Oak Hills Shopping Center, a 120k sf inline retail property in Pleasanton, was refinanced with a new permanent loan for $8.6 mil. The property, located at 5410-5480 Sunol Blvd, is anchored by Raley’s grocery, with co-tenants ...
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Commercial Real Estate Financing Briefs 2/09/24 NORTHMARQ - David Gahagan, Chris Hammel and Chandler Kaye with Northmarq arranged an $82 mil refi loan on The Cartwright apartments in Irvine. Built in 2021, the multifamily property features 272 units located at 17600 Cartwr...
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Commercial Real Estate Financing Briefs 2/08/24 GEORGE SMITH PARTNERS – Steve Bram, David Pascale, Allison Higgins and Nick Rogers with George Smith Partners arranged $15.4 mil in bridge financing for a medical office building in Tarzana that recently underwent a $5 mil+ r...
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American South Fund Management Closes Latest Fund with $174 Mil in Equity Commitments 2/06/24 Emerging manager American South Fund Management (ASFM), a joint venture between SDS Capital Group and Vintage Realty, has closed on its American South Real Estate Fund II (“ASREF II”) with $174 mil in equity commitments, near...
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Bela Flor Communities Obtains Construction Loan of $35 Mil for AZ Res Development 2/02/24 Arizona-based Bela Flor Communities has secured a construction loan of $35.25 mil for Bella Olivia, a 112-unit build-to-rent (BTR) community in Peoria, AZ. The property is currently under construction and is expected to open ...
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Marriott Courtyard Residence Inn Project in Sand City, CA Lands $67 Mil in Construction Money 2/02/24 EKN Development Group and Garn Development have obtained $67.1 mil in construction financing for the development of a 215-key, duel-branded hotel, Marriott Courtyard Residence Inn in Sand City, CA. The financing, which was ar...
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Brothers International Holding Corporation Completes $20.5 Mil Refi of San Jose Retail Property 1/30/24 Brothers International Holding Corporation has obtained a $20.5 mil refi loan for Almaden Safeway Center, a 143.5k sf, grocery-anchored retail center located in San Jose.
Almaden Safeway Center is spread across three buildi...
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OC Res Development Lands $128 Mil in Construction to Permanent Financing 1/29/24 Legado Companies has obtained $128 mil of construction-to-permanent financing in three tranches, from three separate lenders, for the development of the Legado at the Met multifamily project in Santa Ana.
The 268-unit, mark...
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Brownsville, TX Multifamily Buy Financed with $4.3 Mil Loan 1/25/24 In a recent multifamily financing deal out of Brownsville, TX, BridgeCore Capital provided a $4.3 mil acquisition loan for the purchase of a 60-unit apartment property. The asset was acquired by an experienced real estate inv...
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Commercial Real Estate Financing Briefs 1/23/24 GREYSTONE -- has provided a total of $79.125 mil in Fannie Mae (DUS®) loans to refinance three multifamily properties totaling 939 units in and around Tucson, AZ. The financing was originated by Greystone’s Dan Wolins on beha...
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AZ Build-to-Rent Development Lands $66 Mil Bridge Loan 1/22/24 Bela Flor Communities has obtained a $66 mil bridge loan for Bella Encanta, a 212-unit build-to-rent (BTR) community located in Mesa, AZ. Over half of the units are leased and occupied at the property, which recently complete...
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Chestnut Properties lands $91 Mil in Construction Money for El Cajon Industrial Project 1/10/24 Chestnut Properties has obtained $91 mil construction money for the development of a modern, 386.3k sf spec industrial building in El Cajon. The project, Gillespie Field iPark, will be located at 1756 Weld Blvd and has a targ...
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BWE Secures Over $26 Mil for Seniors and Affordable Housing Across the Country 1/04/24 BWE closed four financings totaling over $26 mil to refinance, build, and preserve four seniors and affordable housing properties in California, Massachusetts, Ohio, and Florida. The CA financing was for a 99-unit, age-restri...
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Dallas/Fort Worth Industrial Park Acquired by a Private Investor 1/02/24 DFW Corporate Park, a 211.4k sf, flex-industrial park in the Dallas/Fort Worth metroplex area, was acquired by a private real estate investor. The deal was financed with $23.4 mil of senior financing and preferred equity.
Th...
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Commercial Real Estate Financing Briefs 12/22/23 GANTRY – Tom Dao and Erinn Cooke with Gantry secured a total of $17.6 mil in permanent loans to refinance a pair of Bay Area self-storage facilities. The financings included $9.5 mil for SAF Keep San Ramon and $8.1 mil for SA...
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Commercial Real Estate Financing Briefs 12/18/23 CBRE CAPITAL MARKETS - Bob Ybarra, Bruce Francis, Shaun Moothart, Doug Birrell, Nick Santangelo and Jim Korinek with CBRE’s Capital Markets Debt and Structured Finance team arranged a $13.5 mil participating construction loan...
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Marcus & Millichap Makes Equity Investment in NY-Based EquityMultiple 12/07/23 Real estate services firm Marcus & Millichap has made an equity investment in EquityMultiple, a New York-based real estate financing and investment technology platform. The partnership will provide sponsors and operators supp...
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Commercial Real Estate Financing Briefs 12/05/23 CAPITAL MARKETS - Jordan Angel, Mike Huth and Ethan Habecker with JLL Capital Markets arranged $22.5 mil acquisition financing for The Hampton Inn & Suites in Truckee, CA on behalf of JMA Ventures LLC. The property features ...
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