Major construction and refinancing push multifamily activity in South Florida and nationwide
South Florida and nationwide, September 20, 2025 News Summary Private credit and institutional lenders are increasing multifamily lending as banks retreat from construction exposure. A national capital raise will back construction loans up to $1 billion, targeting $30M–$200M originations with up to 80% loan-to-cost. In South Florida, owners refinanced a 288-unit suburban complex for $58.3 million […]
Large-asset fixed-rate C-PACE product offers flexible short-term capital
Deer Valley, Utah, September 19, 2025 News Summary A new large-asset C-PACE financing product provides fixed-rate, balance-sheet funded capital intended as an alternative to bridge loans and mezzanine debt. The structure lets borrowers defer debt service for up to four years during construction or lease-up and offers flexible prepayment, including par prepayment after five years and […]
J.P. Morgan Secures Freddie Mac TAH Optigo Lender License to Expand Multifamily Financing
United States, September 19, 2025 News Summary J.P. Morgan’s Commercial Real Estate Agency & Institutional Capital team received a Freddie Mac Targeted Affordable Housing (TAH) Optigo lender license, enabling new agency-backed long-term financing for affordable and conventional multifamily projects nationwide. The license broadens the firm’s lending toolkit and lets it combine agency pathways with institutional capital […]
Merle Hay Mall scaled-back arena seeks $26.5M state rebate amid review
Urbandale–Des Moines border, Iowa, September 19, 2025 News Summary A revised plan to build a smaller, multiuse arena at the 66-year-old Merle Hay Mall is advancing as backers seek to retain a $26.5 million state sales and hotel‑motel tax rebate. The project, trimmed to about $41.69 million from roughly $60 million, faces fresh state review and […]
Daito Trust secures JPY140 billion syndicated loan to refinance debt and back real‑estate expansion
Japan, September 19, 2025 News Summary Daito Trust Construction has agreed a JPY140 billion syndicated loan arranged by Sumitomo Mitsui with MUFG and Mizuho as co‑arrangers. The facility includes financial covenants and will refinance existing debt while funding the company’s rental housing and investor‑targeted development plans. Highlights include the ROOFLAG showroom with a striking triangular CLT […]
Santander Backs Parks at Davie with $67.5M Construction Loan
Davie, Florida, September 18, 2025 News Summary Santander Bank provided a $67.5 million construction loan to a joint venture led by 13th Floor Investments and JSB Capital Group to build Parks at Davie, a 383‑unit multifamily community on a 21‑acre site adjacent to Broward College’s Davie campus. Marble Capital joined as a preferred equity partner. The […]
Marriott Tribute hotel at 926 Hutash secures construction financing
Santa Barbara, September 17, 2025 News Summary A 105-room Marriott Tribute Portfolio hotel will be built on a parcel at 926 Hutash Street near Santa Barbara’s East Beach after the developer secured construction financing. The project includes a reported $16.5 million CPACE financing package plus a longer 30-year loan from green lenders to fund energy and […]
KV Capital provides $82.4M loan for 254‑unit Arthur rental in Currie
Currie, Calgary, September 17, 2025 News Summary KV Capital has closed an $82.4 million construction loan to fund Arthur, a 254‑unit purpose-built rental at 555 Bishop Drive in Currie, Calgary, adjacent to Mount Royal University. The project includes two five-storey buildings with one- and two-bedroom apartments, coworking space, fitness amenities, 182 bicycle stalls and 266 parking […]
Capital City Bank welcomes commercial banker Stuart Chandronnet
Tallahassee, Florida, September 17, 2025 News Summary Capital City Bank has added Stuart Chandronnet as a commercial banker in Tallahassee to serve businesses and property owners across Leon County. Based at the Capital City Bank Wealth Office on East Tennessee Street, he will provide credit analysis, relationship management and structure financing including business loans, lines of […]
Miami airport moves forward with baggage overhaul and new Concourse K
Miami International Airport, September 17, 2025 News Summary County leaders approved two $8.3 million professional design contracts to assess and redesign baggage handling across Miami International Airport and cleared the $600.6 million Concourse K construction project. The design work will inspect conveyors, produce condition reports, design replacements or upgrades and create a centralized database to track […]