Construction financing secured for Clock Tower Residences in Houston Heights
Houston, Texas, August 30, 2025 News Summary A four-year construction loan from Veritex Community Bank has been arranged to fund Clock Tower Residences, a seven-story boutique multifamily building with 214 units beside the historic Heights Clocktower in Houston. Developed by a joint venture of Radom Capital and Asana Partners, the project includes four live-work units, ground-floor […]
Marcus & Millichap Arranges $8.7M Construction Loan for Marshview Apartments in Sheboygan Falls
Sheboygan Falls, Wisconsin, August 29, 2025 News Summary Marcus & Millichap Capital Corporation arranged an $8.7 million construction loan to finance Marshview Apartments, a new 48‑unit multifamily community in Sheboygan Falls. The ground‑up project consists of four low‑rise buildings with 12 two‑bedroom, two‑bath units each, private entry and attached single‑car garages. The five‑year loan carries a […]
Housing Authority of Charleston purchases 209‑unit 1800 Ashley West for $39.75M
Charleston, SC, August 29, 2025 News Summary The Housing Authority of the City of Charleston closed on 1800 Ashley West, a 209‑unit garden apartment community in West Ashley, for $39.75 million. The sellers were Urban Landings and Stonemark Capital, represented by Northmarq’s Charlotte Multifamily Investment Sales team. Built in 1980 and offering a mix of classic […]
Cape Coral Council Approves Property‑Billed Assessments; Fire Fee Rises
Cape Coral, Florida, August 29, 2025 News Summary Cape Coral city council approved a set of non‑ad valorem assessments to appear on property tax bills, including revised lot‑mowing district rates, a stormwater charge increase to $156, and a move to 81% fire protection cost recovery. The change raises the average single‑family home fire assessment by about […]
Major $162M construction loan funds Hoboken Urby development
Hoboken, New Jersey, August 29, 2025 News Summary A $162 million senior construction loan has closed to fund a 345-unit Urby development on Observer Highway at Park Avenue in southern Hoboken. The transit-oriented, 16-story mixed-use project will deliver market-rate and affordable apartments, roughly 17,000 square feet of ground-floor retail, and extensive resident amenities including a rooftop […]
Alloy and Vistria close $535M to build One Third Avenue Passive House tower
Downtown Brooklyn, New York, August 28, 2025 News Summary Alloy Development and the Vistria Group closed a $535 million capital package to build One Third Avenue, a roughly 725–730 ft, 63‑story Passive House mixed‑use tower in Downtown Brooklyn. The financing pairs more than $120 million in equity with $375 million in construction debt. The project will […]
Madison Realty Capital backs $73M construction loan for Upper East Side condo at 171 E. 86th St.
Upper East Side, Manhattan, August 28, 2025 News Summary Madison Realty Capital provided a $73 million construction loan to fund a ground-up 18-story luxury condominium at 171 E. 86th St. on Manhattan’s Upper East Side. Arranged by Arrow Real Estate Advisors for developer ZD Jasper, the financing supports an approximately 81,000-square-foot building with 24 units — […]
Santa Monica council approves off-site affordable housing pilot
Santa Monica, California, August 28, 2025 News Summary Santa Monica’s City Council voted 6-1 to adopt an emergency pilot allowing developers to meet local affordable-housing requirements by building units off-site, rehabilitating uninhabitable units, or paying in-lieu fees. The time-limited program is capped at 1,000 units and requires off-site construction to begin within 48 months of permit […]
Cabarrus County launches $2M Revolving Construction Loan Gap Fund
Cabarrus County, North Carolina, August 28, 2025 News Summary Cabarrus County seeded a $2 million Revolving Construction Loan Gap Fund to help nonprofits and social ventures finish affordable and workforce housing projects. Managed by a local housing nonprofit, the fund offers short-term, low-interest loans (1%–3%) to cover final construction gaps so projects can proceed. A Permanent […]
Arriba Capital closes $67M construction loan for dual-branded Hilton hotel near Oracle campus in Nashville
Nashville, East Bank district, August 26, 2025 News Summary Arriba Capital provided a $67 million construction loan to fund a dual-branded Hilton hotel (Home2 Suites and Hampton Inn) in Nashville’s East Bank district. The upper-midscale project will cover hard and soft costs for a repeat borrower and sits adjacent to a planned $2 billion corporate headquarters […]