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• Watch Industry Pros from Walker & Dunlop, Fidelity Mortgage Lenders, Axos Bank and Torrey Pines Bank Discuss the Los Angeles Finance Market at RENTV Conference
11/07/22
Expert finance panel comprised of: Peter Steigleder, President Fidelity Mortgage Lenders; Fred Ornelas, Regional Manager, Axos Bank; Sean Skelton, CCIM, Director | Capital Markets, Walker & Dunlop; and Jeff Forsythe, Senior V...
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• Vacaville Commons Lands $23 Mil Refi
11/03/22
Vacaville Commons, a 400k sf power retail center in Vacaville, was refinanced with a new permanent loan for $23 mil. Vacaville is a NoCal city located along I-80 roughly midway between San Francisco and Sacramento.
The cente...
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• San Leandro Res Project Lands $69 Mil in Construction Money
10/21/22
Centro Callan, a brand-new, luxury mixed-use apartment project slated for development in San Leandro, is set to move forward after landing $69 mil in construction financing. The project is being developed by The Martin Group,...
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• C.E. John Company Inc Obtains $61 Mil in Financing on OR Retail Center
10/20/22
C.E. John Company Inc has obtained $61 mil of permanent, long-term financing for Cedar Hills Crossing, a 477k sf retail center in Beaverton, OR. The center is anchored by several grocery and credit tenant operators, including...
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• Phoenix Res Buy Financed with $29 Mil Freddie Mac Loan
10/12/22
Cala Paradise Valley Apartments, a 168-unit multifamily property in Phoenix, was acquired by a private real estate investment partnership. The deal was financed with a $29.3 mil loan arranged by Gantry.
The garden-style comp...
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• Santa Monica Affordable Res Property Portfolio Lands $141 Mil Recapitalization
10/11/22
WS Communities LLC has secured a $141.4 mil recapitalization of its Samo Apartments Portfolio, an 11-property, 399-unit affordable multifamily residential portfolio located in Santa Monica. The recapitalization, consisting of...
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• NBP Capital to Start Work on 271-Unit Res Project in Portland
10/10/22
NBP Capital anticipates starting construction in the fourth quarter of 2022 on Sunshine Dairy, a 271-unit, seven-story, podium-style apartment project located at 801 NE 21st Avenue in Portland, OR. The company has obtained $6...
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• Harbor Custom Development Lands $39 Mil Loan for Development of WA Res Community
10/07/22
Harbor Custom Development Inc has secured $39 mil in construction money to complete the development of a 177-unit, garden-style multifamily community located in Lacey, WA, a suburb of the Seattle/Tacoma MSA. The non-recourse ...
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• Sandstone Properties Inc Secures $28 Mil on Woodland Hills Property
10/05/22
Sandstone Properties Inc has obtained a $28 mil loan to refinance an existing loan and to finance the pre-development of a 35-story multifamily development and four-story hotel conversion in Woodland Hills. The loan was provi...
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• Buchanan Mortgage Holdings Funds Three CA Loans Totaling $55 Mil
10/03/22
Buchanan Mortgage Holdings LLC (BMH), an affiliate of Buchanan Street Partners L.P., recently closed three loans in California totaling $55 mil. The financing deals were for development land in San Diego, an office to res con...
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• Newly-Built WA Multifamily Community Lands $61.3 Mil in Financing
9/28/22
Affiliates of American Capital Group and Canyon Partners Real Estate have secured a $61.3 mil refi loan on Kinect @ Lynnwood, a newly-built, 239-unit multifamily property in Lynnwood, WA.
Kinect @ Lynnwood blends luxury upsc...
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• Infill Development in San Diego’s Hillcrest Neighborhood Lands $27 Mil in Construction Money
9/27/22
DiversyFund Inc has locked in $26.9 mil in construction financing for Onyx on Park, a 61-unit, urban infill multi-housing community located in the Hillcrest neighborhood of San Diego.
With an anticipated completion of Q4 20...
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• Leap of Faith Partners Secures Funding for 125-Unit Mixed-Use Project in Ventura
9/27/22
Leap of Faith Partners (LOF) has obtained a total of $66.9 mil of funding for a 125-unit, 10k sf mixed-use development in the city of Ventura. The financing consists of $14.5 mil in common equity and $52.4 mil in construction...
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• Contour Venture Secures $99 Mil to Start Work on 829k sf AZ industrial Development
9/20/22
A Contour-led venture has obtained $99 mil in construction money for Phase I development of Sossaman Park 202, a five-building industrial development totaling 828.7k sf in Mesa, AZ.
Once completed, the project will include...
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• Annual CREF Conference in Las Vegas is a Major Draw for CRE Pros
9/15/22
By Steve Bloom
Against the murky backdrop of rising interest rates and perhaps a recession, about 850 commercial mortgage bankers and brokers descended upon Aria Resort & Casino in Las Vegas Sept 7 through 9th for the 25th...
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• AZ Developer Secures $57 Mil in Construction Money for 187-Unit Tempe Res Project
9/12/22
A Scottsdale, AZ-based commercial developer has obtained $57.9 mil in construction financing for a 187-unit multifamily development in north Tempe. The mid-rise, Class A project is located immediately adjacent to a Valley Met...
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• Hudson Pacific Properties Announces Pricing of Public Offering of $350 Mil Aggregate Principal Amount
9/12/22
Hudson Pacific Properties Inc’s operating partnership, Hudson Pacific Properties L.P. (the “Operating Partnership”), has priced an underwritten public offering of $350 mil aggregate principal amount of 5.950% senior notes due...
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• Cushman & Wakefield and Greystone Strengthen Joint Multifamily Platform with Addition of Premier Financing Team in Denver
9/09/22
A veteran Equity, Debt and Structured Financing (EDSF) team led by Craig Branton, M.S., has joined a joint, multifamily platform from Cushman & Wakefield and Greystone Servicing Company LLC in Denver, CO. Branton, Vice Chairm...
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• Roers Companies to Develop 264-Unit Res Project in Salt Lake City
9/07/22
Roers Companies has obtained a $61.8 mil loan to finance the ground-up development of 375 West Whitney Avenue, a six-story, Class A, multifamily project comprising 264 units and located in Salt Lake City, UT. The loan was ori...
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• Davis Property Investment Underway with 160k sf Spec Industrial Project in the Puget Sound Region
9/06/22
Davis Property Investment LLC has obtained an $18 mil construction-to-permanent loan for the development of a spec, 160k sf industrial property in the city of Pacific, WA. The 12-acre project is logistically positioned to ser...
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