residential

Charney Companies will use the debt to build a 45-story, 182-unit tower at 95 Rockwell Place in the Fort Greene submarket.

The Connecticut-based lender is helping recapitalize a 70-acre mixed-use community in Sleepy Hollow on behalf of King Street Capital Management and Biddle Real Estate Ventures.

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.

A March report from Zillow said there was a roughly 4.5-million-unit housing shortage in the US at the start of 2025. 

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

A pair of $100m+ financings originated over the past month demonstrate the increase in traction for residential conversions.

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

The credit facility will back seven single-family rental communities across suburbs near Georgia’s capital city.

The Florida-based commercial real estate lender wants to double origination as it grows its lending base.