| Construction Financing Secured for Mixed-Use Project in Denver’s Arts District
Art District Holdings, a Denver-based apartment developer, has secured $26 mil in construction financing for the development of an eight-story apartment and retail building in Denver’s Arts District. The funds were provided b...
| Commercial Real Estate Financing Briefs
HIGHLAND REALTY CAPITAL - Mike Guterman and Brad Sevier with Highland Realty Capital arranged a $66.5 mil bridge loan on behalf of an affiliate of Pearlmark Real Estate for Village Walk, a 149.3k sf, Whole Foods- anchored sho...
| Trio of Recent Loan Portfolio Sales Total $113 Mil
Three loan portfolios, totaling approximately $113 mil, have been sold in separate dispostions by a leading California-based bank and two global private equity firms. Patrick Arangio, Jack Howard and Kurt Altvater with CBRE’s...
| Equus Capital Partners Purchases TX Office Campus
Equus Capital Partners has acquired Legacy Place, a 300k sf office campus in Plano, TX. The firm has obtained $72.1 mil in short-term debt from Mesa West Capital for the purchase, repositioning and stabilization of the proper...
| Bridgeton Holdings Buys 85k sf Class A Office Building in San Francisco
Bridgeton Holdings has acquired 747 Front Street, a four-story, 85.5k sf Class A office building in San Francisco’s Jackson Square district. The purchase was financed with a $55 mil loan.
The property is currently 100% lease...
| New Westside L.A. Res Development Lands $165 Mil in Financing
Mill Creek Residential, along with an institutional joint venture partner, locked up new financing of $165 mil on Modera West LA, a newly-built, 376-unit multifamily community located in West Los Angeles. The project, located...
| LA Metro-Adjacent Redevelopment Project Financed with $37 Mil Loan
The Luzzatto Company has secured $37.2 mil in bridge financing to complete the acquisition and redevelopment of Exposition 3 into a multi-phase creative office campus. The project is adjacent to two metro stations and within ...
| AZ Office Buy Funded with $59 Mil Bridge Loan
Camelback Esplanade III, a 218.4k sf, Class A office building in metro Phoenix’s Camelback Corridor was recently acquired by a venture between Transwestern and an institutional partner. The purchase was funded with a $59.47 m...
| Newmark Realty Capital Arranges $25 Mil for Two Mobile Home Communities
Newmark Realty Capital has arranged $25 mil in financing for mobile home communities in Truckee, CA and Kyle, TX.
Coachland RV Park, located 20 minutes north of Lake Tahoe, is a 229-space, all ages mobile home and RV commun...
| The Bascom Group Lands $235 Mil Refi on 11-Property Portfolio
The Bascom Group LLC has completed a $235 mil refi of an 11-property multifamily portfolio spanning five states. All of the properties are part of Bascom’s third fully discretionary fund, Bascom Value Added Apartment Investor...
| South Gate Multifamily Development on Track with $80 Mil of Equity and Construction Money
JPI has obtained in excess of $80 mil in financing for development of Jefferson on Imperial, a 244-unit luxury multifamily community in South Gate. The preferred equity and construction loan was arranged by Dekel Capital.
| Conejo Valley Industrial Facility Refinanced with New Loan for $12 Mil
Nearon Enterprises has refinanced Princeton Industrial, a 144k sf, single-tenant industrial property in Moorpark, with a new loan for $12 mil. The property is 100% occupied by AeroVironment Inc, a $1.3-billion manufacturer of...
| Downtown San Jose Res Development Funded with $67 Mil in Joint Venture Equity and Construction Financing
Acquity Realty Inc has landed $67 mil in joint venture equity and construction financing for development of The Firestone, a mixed-use development in downtown San Jose. The financing was arranged by NorthMarq Capital.
| Dedeaux Properties Secures $88 Mil for Its Recent Inland Empire Industrial Buy
Dedeaux Properties obtained $87.95 mil in financing for its recent purchase of a newly constructed, 1 msf state-of-the-art warehouse and distribution center in the Sycamore Canyon submarket of Riverside. Dedeaux Properties b...
| Clise Properties Obtains New Financing of $160 Mil on Seattle Res Tower
Clise Properties has secured a $160 mil permanent loan for McKenzie Seattle, a 40-story, luxury res tower in Seattle. The distinctive, elliptical high-rise, located at 2202 8th Ave, contains 450 rental units.
| Commercial Real Estate Financing Briefs
MERIDIAN CAPITAL GROUP - Seth Grossman, Steven Adler and Jackie Tran with Meridian Capital Group arranged $23.1 mil in acquisition financing for the purchase of the Hilton Garden Inn San Diego Mission Valley Stadium hotel. Lo...
| Landmark Capital Advisors Recapitalized and Rebranded as Landmark Real Estate
Newport Beach-based Landmark Real Estate has recapitalized and rebranded the company, formerly known as Landmark Capital Advisors. The recapitalization includes a majority investment from Kraemer Land Company, a multi-generat...
| Multifamily Project in L.A.’s Koreatown Neighborhood Funded with $16 Mil Loan
We’ve learned of a new six-story, 65-unit apartment development planned in the Koreatown neighborhood of Los Angeles. Construction is being funded with a $15.9 mil loan provided by Parkview Financial on behalf of St Andrews P...
| Oceanside Hotel Lands $20 Mil Refi
The SpringHill Suites by Marriott San Diego Oceanside/Downtown, a 149-room hotel in downtown Oceanside, has been refinanced with a new loan for $20.7 mil. Built in 2014, the all-suite, LEED-certified Silver, select-service ho...
| OC Office Campus Refinanced with $56 Mil Loan
HERE, a five-building, 224k sf office campus in Laguna Hills, has been refinanced with a new $55.9 mil loan that was arranged by CBRE and funded through ARES. The multi-tenant complex, located at 23332, 23382 and 23422 Mill C...