Truist Provides $152M Construction Loan for Marina Shores Multifamily Project in Long Beach
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 October 2026: $10.9B across 123 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
LONG BEACH, CALIF. — Truist has closed a $152 million construction loan for Marina Shores, an apartment community at 6615 E. Pacific Coast Highway in Long Beach. Carmel Properties is developing the asset. The six-stor…
External link. Real Estate Trail does not republish source content.
Related coverage — Multifamily
PCCP Provides $130M Construction Loan for Newark Multifamily Project
NEWARK, N.J. — Los Angeles-based PCCP LLC has provided a $130 million senior construction loan for a 501-unit multifamily project in Newark. The project represents Phase II of a larger development known as Ballantine…
JLL Negotiates $58M Sale of Multifamily Development Site in Downtown Brooklyn
NEW YORK CITY — JLL has negotiated the $58 million sale of a 13,707-square-foot multifamily development site in downtown Brooklyn. The site at 55 Smith St./160 Livingston St. can support between 137,000 and 164,000 bu…
Origin Investments, Mill Creek Residential to Develop 190-Unit Apartment Community in Old Town Scottsdale
SCOTTSDALE, ARIZ. — Origin Investments and Mill Creek Residential have unveiled plans to develop Modera Old Town, a multifamily property in Old Town Scottsdale. Construction on the 190-unit property will begin in Octo…
Northmarq Arranges Sale of 627-Unit Meadowbrook Apartments in Lawrence, Kansas
LAWRENCE, KAN. — Northmarq has arranged the sale of Meadowbrook Apartments, a 627-unit community and adjacent 4.3-acre development tract in Lawrence. Casey Wilhm, Jeff Lamott and David Belpedio of Northmarq represente…
Colliers Brokers $15.3M Sale of South Pointe Apartments in Bloomington, Minnesota
BLOOMINGTON, MINN. — Colliers has brokered the $15.3 million sale of South Pointe Apartments, a 142-unit community in Bloomington. Drew Jackson, Dan Linnell, Mox Gunderson, Adam Haydon and Devon Dvorak of Colliers rep…
Hillpointe Opens 312-Unit Multifamily Community in White, Georgia
WHITE, GA. — Winter Park, Fla.-based Hillpointe has opened Pointe Grand Cassville, a 312-unit, garden-style multifamily community located in White, a northwest suburban node of Atlanta in Bartow County. Pointe Grand C…