HKS arranges more than $500 million in financing in first half of 2026

HKS Real Estate Advisors said it closed more than $500 million across 30 financing transactions in the first half of 2026. The deals spanned multifamily, mixed-use, retail, student housing and development assets in New York, Connecticut and Florida, signaling continued lender appetite for experienced sponsors and well-structured deals.

Why it matters: - HKS says it closed more than $500 million in financing across 30 transactions in the first half of 2026. - The volume shows capital is still available for borrowers with strong assets and defined business plans, even as lenders remain selective. - The firm expects more financing activity in the second half of 2026 as borrowers refinance maturing loans, move ahead with development plans and pursue new investment strategies.

What happened: - HKS Real Estate Advisors announced the financing total on July 23, 2026. - The transactions covered multifamily, mixed-use, retail, student housing and development properties. - The closings included permanent, bridge, lease-up, senior and mezzanine financing. - The deals involved both new and longstanding clients. - The transactions were spread across New York, Connecticut and Florida.

The details: - Alex Dobosh and Andrew Pilchick arranged $103.75 million in lease-up financing for a recently developed 168,019-square-foot student housing community in Ithaca, New York, steps from Cornell University. The property has 356 units and 483 beds. GID Credit provided the financing. - Andrew Pilchick, Alex Dobosh and Jacob Kaufman secured a $68.5 million senior and mezzanine package for a 2.25-acre waterfront development site at 10 Java Street in Brooklyn. The site allows about 544,000 buildable square feet of mixed-use development and has a vacant industrial building on it. Centennial Bank provided the senior loan, and Sherwood Equities provided the mezzanine financing. - Andrew Pilchick and Alex Dobosh arranged $55.41 million for a 311-unit multifamily property in Vernon, Connecticut. Fortress provided the financing. - Ayush Kapahi arranged a $37.5 million refinancing for 230 East 44th Street in Manhattan. The 135,315-square-foot mixed-use property has 164 residential units and six commercial tenants. Infinity Funds provided the financing. - Ayush Kapahi secured a $30 million refinancing for Merrick Parc, a 91,911-square-foot mixed-use development site at 3191 SW 39th Avenue in Miami. Miami-Dade County recently added the site to its Rapid Transit Zone, raising as-of-right development potential from 317 residential units to 806 units, plus about 15,000 square feet of ground-floor retail. Knighthead Funding provided the loan. - Daniel Kowalsky arranged a $25.8 million refinancing for a recently completed 52,578-square-foot retail property in Long Island City occupied by iFLY and VIBE Fitness. Hanover Capital provided the financing. - Jay Stern secured a $15.2 million refinancing for a Brooklyn portfolio made up of a recently renovated multifamily building and a mixed-use asset with ground-floor retail and residential apartments. Citi provided the financing. - Ayush Kapahi arranged a $10 million refinancing for 216 Lafayette Street in SoHo, where Seven Seven Six, the venture capital firm founded by Alexis Ohanian, recently signed as headquarters tenant. 360 Capital Funding provided the loan. - Michael Lee secured a $6.8 million refinancing for 156 Prince Street in SoHo. The six-story mixed-use property includes two retail spaces and 21 residential apartments. Peapack Private provided the financing. - Daniel Kowalsky arranged a $6.45 million refinancing for an 11,372-square-foot retail condominium at 92-98 Delancey Street on Manhattan’s Lower East Side. Citizens Private provided the financing. - Daniel Kowalsky secured a $4.8 million refinancing for 30 Saint Felix Street in Fort Greene, Brooklyn. The 25,032-square-foot multifamily property has 16 free-market apartments. Chase Bank provided the financing. - HKS said the closings also included additional transactions not individually detailed in the release. - HKS says its financing portfolio totals $30 billion. - The company’s website is More information.

Between the lines: - The mix of deal types suggests lenders are still active, but they are focusing on assets with clear execution plans and experienced sponsors. - Several of the named deals center on New York City properties, pointing to continued financing activity in core urban markets. - The Miami refinancing stands out because zoning changes materially increased the site’s development potential, which likely improved the financing case.

What's next: - HKS expects borrowing and refinancing activity to pick up in the second half of 2026. - The biggest drivers are likely to be loan maturities, development starts and repositioning strategies. - More financing could follow if capital markets stay open for well-capitalized sponsors and stabilized or near-stabilized properties.