multifamily

The four-year loan will be used by LV Collective to replenish capital backing Rambler Athens, a 750-bed complex adjacent to the University of Georgia.

The New York-based investment management company is raising concerns about the volume of loans slated to mature in 2025 and 2026. 

The project’s capital stack also includes a senior loan from Kennedy Wilson and junior mezzanine financing from InterVest Capital Partners.

The firm has been active as a senior and mezzanine lender and worked in both capacities to back Pearlstone Partners’ development of an Austin condominium project.

The borrower is a joint venture between Blue Vista and Cabot, Cabot & Forbes, owners of a Class A property in the Brighton submarket.

The affordable housing development’s financing is being led by New York State Homes and Community Renewal.

The funding will be used by KS Group and Alma Realty for the first phase of Astoria Cove project featuring four mixed-use rental assets.

The financing will be used by Steiner NYC to buy out their equity partner JPMorgan Asset Management and capitalize the Hub.

The New York-based manager has steadily grown its East Coast lending book with development financing opportunities.

The firm will use the transaction to expand its agency lending capabilities and tee up more exits through its mortgage REIT investments.