| Avanath Development LLC and Opportunity Assets Group LLC Create Qualified Opportunity Zone Fund
Avanath Development LLC and Opportunity Assets Group LLC (OAG) have launched a Qualified Opportunity Zone Fund with a target raise of up to $300 mil. In addition to improving low-income communities in designated Opportunity Z...
| OC Water Park Property Lands $170 Mil in New Financing
Colorado-based McWhinney has secured $170 mil in financing for the Great Wolf Lodge, a nine-story water park resort in the OC city of Garden Grove. The financing was arranged by Berkadia.
The 105k sf Great Wolf Lodge is situ...
| Bridge Housing Secures $16 Mil in Financing for Bay Area Affordable Housing Development
Bridge Housing has locked in a $15.96 mil forward commitment for the permanent financing of Bay Meadows Apartments, a 68-unit affordable housing community located in San Mateo. The property will be developed using 9% Low-Inco...
| PCCP Provides $14.7 Mil in Preferred Equity for Silicon Valley Res Development
Bay West Development and Lane Partners have teamed up with PCCP LLC, who will provide $14.7 mil of preferred equity for the development of a 75-unit, Class A, multifamily community located at 311 S. Mathilda Ave in Sunnyvale....
| OC Retail Center Refinanced with $101 Mil in Bridge Money
DJM Capital Partners Inc has obtained $101.3 mil in non-recourse bridge debt for La Habra Marketplace, a 375k sf, 37-acre open-air regional shopping center in La Habra. Dual-anchored by two top-name grocery stores, Sprouts an...
| Commercial Real Estate Financing Briefs
GEORGE SMITH PARTNERS - Shahin Yazdi, Jonathan Lee, David Stepanchak, Matthew Kirisits, Olga Alworth and Samuel Sarshar with George Smith Partners arranged $9.65 mil in financing for the purchase of a 95-unit multifamily pro...
| Class A Multifamily Portfolio Refinanced with $700 Mil in Fannie Mae Money
CBRE has arranged a $700 mil loan for the refinancing of the Modera Portfolio; a nine-building collection of Class A+ multifamily assets located across the United States.
Andrew Behrens and Jesse Weber of CBRE Capital Marke...
| Santa Clara Office Project Funded with $92 Mil in Construction Money
Bayview Development Group has secured $91.7 mil in financing for the development of Lawrence Station, a five-story, Class A spec office project in Santa Clara. The construction loan was arranged by HFF and funded through Broa...
| Walnut Creek Res Project Moves Forward with $60 Mil in Construction Money
Florida-based Rescore Property Corp has obtained construction financing in the amount of $59.6 mil for the development of the Rise Walnut Creek apartments in the East Bay city of Walnut Creek. Rescore is a private REIT founde...
| KH Funding CA LLC Originates Its First Three Financings in California
KH Funding CA LLC has originated its first three loans in the state, totaling $13.85 mil. The financings were secured by development sites for two multifamily projects in West Los Angeles and a planned boutique hotel in Oran...
| Los Angeles Apartment Property from 1928 Lands $22.5 Mil in Financing
Massie Capital Management LLC has obtained $22.5 mil in financing for William Penn Apartments, a 189-unit, mid-rise apartment building in Los Angeles. Loan proceeds were used to return equity to investors and provide future f...
| Oakland Live/Work Project Funded with $32 Mil in Construction Money
Parkview Financial has provided a $32 mil construction loan to oWow for the development of a four-story, 102-unit 91.2k sf live/work affordable rental project in Oakland. oWow is an Oakland-based company committed to building...
| New Pismo Beach Hotel Financed with $26.5 Mil Loan
Sonnenblick-Eichner Company has arranged a $26.5 mil interim refi loan on Inn at the Pier, a new 104-room, full-service luxury boutique hotel located one-half block from the Pacific Ocean in the heart of Pismo Beach, CA.
| San Antonio Res Project to Move Forward with $37.5 Mil in Acquisition, Construction and Equity Financing
David B. Norton Inc has arranged $37.5 mil in ground-up financing for the acquisition and development of a 340-unit, garden-style apartment complex outside of San Antonio, TX. The financing stretched to 98.5% of the total cos...
| Blatteis & Schnur Inc Buy 15k sf Property along Santa Monica’s Third Street Promenade
Blatteis & Schnur Inc has acquired 1404-1408 3rd Street, a mixed-use building totaling 14.6k sf of office and retail space along the Third Street Promenade in Santa Monica, for $24.5 mil ($1,678/sf). The buy was financed with...
| Relevant Group’s 190-Room Boutique Hollywood Hotel Planned for Completion in 2020
Construction is underway on the Thompson Hotel, a 190-room hotel project in Hollywood. Construction of the luxury, boutique hotel, a development of Relevant Group, is being financed with a $63 mil loan provided by Calmwater C...
| Newly Built Arizona Hotel Secures $40 Mil in Financing
Tucson Urban has obtained $40 mil in structured financing for the newly-built AC Marriott in Tucson, AZ. The loan was arranged by Walker & Dunlop Inc.
Completed in the fall of 2017, the eight-story, 136-key property marks th...
| Seattle Multifamily Project Lands $13 Mil Refi Loan
CBRE Capital Markets’ Debt & Structured Finance team has secured $13 mil in refi money for Cubix North Apartments, a brand new multifamily development with 108 living units and 3.4k sf of commercial space in North Seattle.
| Commercial Real Estate Financing Briefs
GEORGE SMITH PARTNERS – Gary Tenzer with George Smith Partners arranged $39.3 mil in forward rate-lock permanent financing on a newly constructed, 154-unit, luxury multifamily property in downtown Ventura, one mile from the P...
| IDS Real Estate Group and Lionstone Investments Spend $76.8 Mil on Four Office Buildings in San Diego
A partnership between IDS Real Estate Group and Lionstone Investments has acquired four Class A office buildings totaling 181.2k sf within the Liberty Station mixed-use development in San Diego for $76.8 mil ($424/sf). The as...