RISE Obtains $101M Bridge Loan for Jax Apartments
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed multifamily deal value tracked in September 2026: $11.6B across 138 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
BWE secured a $101 million bridge loan with HPS, a part of BlackRock, to refinance RISE at Glen Kernan Park, a newly delivered 308-unit luxury active adult (55+) community in Jacksonville, Florida. BWE’s Andy Effler h…
External link. Real Estate Trail does not republish source content.
Related coverage — Multifamily
Kislak Negotiates $33.7M Sale of Apartment Complex in Tom’s River, New Jersey
TOM’S RIVER, N.J. — New Jersey-based brokerage firm The Kislak Co. Inc. has negotiated the $33.7 million sale of Hope’s Crossing, a 125-unit apartment complex in Tom’s River, located near the Jersey Shore. Built on 12…
Dwight Capital Provides $23.5M HUD-Insured Refinancing for Northern New Jersey Apartment Complex
PASSAIC, N.J. — New York City-based Dwight Capital has provided a $23.5 million HUD-insured loan for the refinancing of Station at Passaic Phase II, a 104-unit apartment complex in Northern New Jersey. The property co…
Northmarq Brokers Sale of 64-Unit, Historic Multifamily Property in Kansas City
KANSAS CITY, MO. — Northmarq has brokered the sale of The Robert Browning Apartments, a 64-unit property in Kansas City. Built in 1929 by Nelle E. Peters, one of the country’s first female architects and a prolific Ka…
3 new apartment projects open their doors
Pennrose, Hillpointe and other multifamily developers recently cut ribbons on new buildings in Connecticut, Georgia and Virginia.
PGIM Provides $125MM Floating-Rate Refinance for Hanover’s 377-Unit San Francisco Apartment Community
PGIM has extended $125 million in core floating-rate debt to refinance a 377-unit San Francisco apartment community owned by Houston-based Hanover Company, a loan that appears tied to the developer's Hanover SoMa West…
Brightshore Capital Buys New Long Island City Multifamily Complex For $150M
Brightshore Capital — the $5.6 billion investment firm formerly known as GTIS Partners — has secured $98.5 million of acquisition financing to purchase DŌMI, a 190-unit mixed-income multifamily complex that opened las…