National News

Eastern Union secures $20.4 million to refinance conversion of 137-unit hotel into assisted living residence

Plano, TX Eastern Union has arranged $20.4 million in refinancing toward the conversion of a six-story, 137-unit hotel into an assisted living residential community. Plano is located approximately 20 miles north of Dallas

G.S. Wilcox & Co. sources $25 million across multiple transactions

Mount Holly, NJ G.S. Wilcox & Co. has secured $25 million in financing across two New Jersey retail properties. The financings, both arranged by principal David Fryer, consisted of a $13 million loan for a

The CS Organization arranges a $2.6 million refinance and construction loan for a 17-unit multifamily building

Miami, FL The asset involved in the transaction is a multifamily property comprising 8,500 s/f and a total of 17 units. The loan amount for this property is $2.6 million with a loan type categorized as refinance and construction

Clear Investment Group expands Midwest footprint with acquisition of 70-unit portfolio

Columbus, OH Clear Investment Group has acquired a 70-unit add on portfolio. With this addition, Clear Investment Group expands their presence in the Midwest market to over 450 units, when combined

Crystal Window & Door Systems supplies fenestration for Industry Indianapolis; 13-story mixed-use building

Indianapolis, IN Crystal Window & Door Systems supplied the new 13-story Industry Indianapolis mixed-use building with a variety of its leading energy-efficient window and door products. Six different Crystal window and door products totaling 1,346 units were specified and installed at the new construction project

City Bay Funding LLC closed a $19.5 million bridge loan for newly built multifamily property

Kannapolis, NC City Bay Funding LLC (“ City Bay Funding ”) announced the closing of a $19.5 million bridge loan for the refinance of a construction loan on a 144 unit multifamily property. The loan is non-recourse

Coscia and Davis of Largo Capital secure $4 million financing of retail property

Orlando, FL Kevin Coscia and Aaron Davis of Largo Capital, Inc. secured cash-out financing for a 45,000 s/f single tenant retail property. The five-year, fixed-rate loan will be amortized for 25 years and features no prepayment penalty

CBL Properties announces Crunch Fitness to open at Hamilton Place

Chattanooga, TN According to CBL Properties (NYSE:CBL), Crunch Fitness has opened at Hamilton Place, as one of the final components of the property’s Sears redevelopment project. The redevelopment, which commenced in 2019

Time Equities Inc. acquires Crowley Plaza for $3.425 million

Crowley, LA Time Equities, Inc. (TEI), a New York City-based international full-service real estate firm, have acquired Crowley Plaza, a 27,228 s/f retail strip center located at 725 Odd Fellows Road for $3.425 million

Cronheim Hotel Capital secures $26.4 million for refinance and PIP of Hampton Inn & Suites

Columbus, OH Cronheim Hotel Capital (CHC) has secured $26.4 million to refinance the existing CMBS debt and capitalize an upcoming PIP on the Hampton Inn & Suites. The fixed-rate, non-recourse loan