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Austin Res Development Funded with $75 Mil Construction Loan 2/27/23 A 182-unit condominium development in the South Lamar section of Austin, TX has landed construction financing of $75 mil. The money was provided by Knighthead Funding LLC.
Situated on an 80.9k sf site at 2323 South Lamar Blv...
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Ian Schrager and Ed Scheetz Acquire Former Standard Hotel in West Hollywood for Rebranding into a PUBLIC Hotel property 2/24/23 Ian Schrager and Ed Scheetz recently purchased the 139-key hotel property formerly known as the Standard Hotel in West Hollywood. The hotel property is located at 8300 Sunset Blvd, midway between La Cienega and Crescent Heigh...
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New Inland Empire Retail Center Lands $13.4 Mil Refi 2/17/23 Ledo Capital Group has secured a refi loan of $13.4 mil on The District Moreno Valley, a new, 52.1k sf, Sprouts-anchored retail center located in Moreno Valley. Completed in 2022, The District Moreno Valley is anchored by Spr...
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Hawkins Companies Lands $56 Mil in Construction Money for Idaho Res Project 2/14/23 Hawkins Companies secured $56 mil in construction financing for the development of Canyon Ridge, a five-building, 287-unit multifamily project located at 2454 E Gowen Rd in Boise, Idaho. The lender is Sunwest Bank.
Canyo...
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Mesa West Capital Has Raised $1.37 Bil for Latest Fund 2/14/23 Mesa West Capital has raised $1.37 bil for Mesa West Real Estate Income Fund V, L.P. (“Fund V” or the “Fund”), exceeding Mesa West’s original $1.0 bil fundraising target for the Fund. Mesa West is the private U.S. real estate...
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Commercial Real Estate Financing Briefs 2/10/23 JLL CAPITAL MARKETS -- Matt Stewart and Analyst Chris Jaffe with JLL Capital Markets have arranged $69.1 mil in post-close acquisition financing for Walnut Business Park, a 33-building, 334.8k sf light industrial portfolio ow...
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Invent Development Partners Secures $50 Mil in Construction Money for Utah Resort Development 2/08/23 Invent Development Partners has obtained $50 mil of construction financing for Phase I of the Lionsback Resort in Moab, Utah, a 175-acre development located adjacent to internationally renowned Canyonlands and Arches National...
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Two L.A. Area Multifamily Refinancings Total $14.7 Mil 2/07/23 Two Los Angeles multifamily properties totaling 147 units were refinanced in separate deals with a combined loan value of $14.7 mil, on behalf of a single investor. The financings, both for TIC borrower structures, were arran...
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Los Angeles Student Housing Property Refinanced for $16 Mil after Recent Improvements 2/06/23 Victory on Portland, a 55 unit/139-bed student housing property in Los Angeles, has been refinanced for $16.1 mil by its owner, Champion Real Estate Company. The property is located at 2353 Portland St, east of Hoover St and ...
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Arizona Industrial Project Secures $42.7 Mil in Construction Financing 2/02/23 SkyPlus Development Corp has obtained $42.7 mil in construction financing for two industrial buildings that will be part of Skybridge Arizona's master-planned development adjacent to the Phoenix-Mesa Gateway Airport in Mesa, ...
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Anthem Development Lands $63 Mil in Joint Venture Equity and Debt for TX Res Development 2/01/23 Anthem Development has obtained $63 mil of joint venture equity and debt for the acquisition and development of Lofts iThirty, a planned 340-unit luxury multifamily property located on 10.4 acres at the Northwest corner of Br...
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Leasehold Interest in Whittier Multifamily Community Goes for Almost $50 Mil 1/31/23 NextGen Properties Group purchased the leasehold interest for Alivia Apartments, a 128-unit multifamily property in Whittier, in a recent $49.625 mil ($387.7k/unit) transaction. The property, located at 11201 Carmenita Rd, wa...
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Avanath Closes on $205 Mil in Additional Equity Commitments for Affordable Housing Fund 1/30/23 Avanath Capital Management LLC has closed on more than $205 mil in additional equity commitments to the Avanath Affordable Housing Renaissance Fund (the “Fund”) since November. Avanath is a multifamily owner and operator that...
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Dekel Capital has launched Dekel Correspondent Lending 1/27/23 Dekel Capital has launched Dekel Correspondent Lending (DCL), which will originate balance sheet and CMBS loans for the acquisition, refinancing and recapitalization of commercial real estate assets including build-to-rent an...
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Commercial Real Estate Financing Briefs 1/17/23 IBORROW – iBorrow has provided a refi loan of $17.38 mil on two mid-renovation multifamily communities located in Southern California. The bridge loan will be used to refinance the borrower’s existing debt, while also providi...
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Tucson Res Development Lands $38.6 Mil in Construction Financing 1/16/23 Plans for Aerie Northwest, a 144-unit multifamily development in Northwest Tucson, are set to move forward after locking up $38.65 mil in construction money. The project is located at the Southeast corner of North La Cholla B...
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Investor Locks Up $20 Mil in Financing on Two-Property CA Portfolio 1/16/23 An unnamed private investor has obtained $20 mil of financing for a cross-collateralized, two-property, mixed-asset portfolio located in high-profile California submarkets.
The first property features two suburban office bu...
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Woodside Hotel Group Secures New Financing of $26.75 Mil on Two of Its NoCal Assets 1/11/23 Woodside Hotel Group has obtained $26.75 mil of non-cross collateralized, fixed-rate, first mortgage financing on two hotel properties -- the Lafayette Park Hotel & Spa and The Lodge at Bodega Bay, located in Lafayette and Bo...
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Sacramento Area Retail Center Lands $16.75 mil Refi 1/09/23 Market Place at Town Center, a 134.6k sf retail center in El Dorado Hills, CA, landed a new refi loan for $16.75 mil. El Dorado Hills is a suburb of the Sacramento MSA.
The property is located at the intersection of Hwy 50 ...
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Golden Bee Properties Locks Up $21 Mil in New Loans on Two Res Portfolios 1/06/23 Golden Bee Properties has secured new financing on two multifamily portfolios. The assets consist of a combined 105 units and are located throughout Long Beach and Los Angeles.
Zalmi Klyne with Northmarq arranged the new fl...
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