Multifamily Housing

Ironstate secured the financing for the development of a mixed-use residential project in NJ’s Hoboken submarket.

The lender sees continued opportunities for development in select markets.

The Atlanta-based manager doubles down on high-quality properties in key markets with accelerating lending activities.

The firm originated the loan on behalf of Hazelton Capital Group amid a rise in construction financing in the city.

Mid-year data from Avison Young reported a 10.4% quarter-on-quarter drop in construction starts as of the end of Q2 2025.

The fresh round of financing will see Flow and Yellowstone Trust added as majority owners of the Brickell-area mega-development formerly spearheaded by Chetrit Group.

Harry Alcock, the former chief investment officer of multifamily real estate investment trust UDR, sees real estate private credit as an expansion area.

The senior-mezzanine construction financing facility will fund a lifestyle-oriented residential build.

In addition to a uniform definition, more standardized zoning would benefit the creation of more middle-income housing, a Mortgage Bankers Association report says.