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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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• AZ Build-to-Rent Development Lands $30 Mil in Construction
12/27/22
A joint venture between Blue Vista Capital Management and Family Development secured $30 mil in construction money for Villas Litchfield Park, a planned, 153-unit, build-to-rent community development in Phoenix.
Upon comple...
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• Commercial Real Estate Financing Briefs
12/27/22
Sonnenblick-Eichner Company -- Sonnenblick-Eichner Company arranged $22 mil of non-recourse first mortgage financing for the leasehold interest in the Doubletree by Hilton Los Angeles-Commerce, a 201-room hotel located in the...
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• Commercial Real Estate Financing Briefs
12/23/22
Cushman & Wakefield -- Lovett Industrial has secured $23.26 mil in construction financing for Broadway Logistics Center, a 201.3k sf, best-in-class industrial project in northwest Denver. The property is located in the city’s...
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• Thousand Oaks Retail Center Refinanced with New Loan for $84.7 Mil
12/19/22
Janss Marketplace, a 456.4k sf, grocery-anchored regional retail center in Thousand Oaks, has been refinanced with a new loan for $84.7 mil. The center, located at 165-401 N Moorpark Rd, near the 101 Fwy in the Conejo Valley,...
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• Sacramento’s Esquire Plaza Lands $19.5 Mil Refi
12/16/22
Esquire Plaza, a 22-story, 307k sf Class A office tower anchoring Sacramento’s Governmental Affairs District skyline, was refinanced with a new loan for $19.5 mil. Notable tenants include the Associated Press, California Buil...
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• New 586-Unit OR Res Project Moving Forward with $55 Mil Loan
12/16/22
Parkview Financial has provided a $55 mil loan to Stacy Allison Way Holdings LLC, an entity of West Coast Home Solutions, for the refinance and construction of a two-phased multifamily project totaling 586 units on 19 acres i...
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• Boardwalk Investments Group Lands $245 Mil Refi on Mixed CA Portfolio
12/15/22
Boardwalk Investments Group has secured $245 mil in refi money on a CA portfolio that includes: an iconic Napa Valley hotel property; three Class A coastal Orange County retail centers; a Class A multi-housing community locat...
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• Seattle Res Development Lands $110 Mil Refi
12/14/22
Low Tide Properties and Continental Properties LLC have secured $110 mil in refinancing on Met Tower, a 366-unit, luxury multifamily project in downtown Seattle. The development, located at 1942 Westlake Ave, offers residents...
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