M id A tlantic Real Estate Journal — Financial — October 2026 — 5
www.marej.com
F inancial Philadelphia Debt + Equity team led by Banas, Wood, Singer and Steigerwalt Northmarq lends $19.1M through Freddie Mac’s Optigo platform for 154-unit Dover, PA community
OVER, PA — North- marq’s Philadelphia Debt + Equity team, led by John Banas and Kris Wood , along with David Sing- er and Jeff Steigerwalt , has lent $19.1 million for the refi - nancing of Dover Run Apart- ments located at 2670 Spring- house Bend in Dover, PA. Northmarq arranged the deal on behalf of the borrower, Boyd Wilson . The financing was secured through Freddie Mac’s Optigo platform. The transaction was structured on a five-year term with a 35-year amortization schedule. “In a challenging lending environment, our team and the team at Boyd Wilson were Newmark launches multifamily bridge program with inaugural financing for Independence Pl. in Hinesville, GA NEW YORK, NY — New- mark announces the com- pany has provided a $35 million bridge loan to MFP Capital (the “Sponsor”) for Independence Place, a 264- unit multifamily commu- nity in Hinesville. The in- terest-only, adjustable-rate loan marks the inaugural financing under the firm’s newly launched Multifam- ily Bridge Program. Capital markets strategies vice chairmen Henry Stimler and Bill Weber and manag- ing director Ricky Warner originated the financing. D Newmark’s Multifamily Bridge Program provides short-term financing solu - tions for qualifying multi- family borrowers seeking to transition into permanent financing through Fannie Mae, Freddie Mac or FHA lending programs. Origi- nated and serviced directly by Newmark, the program is designed to address in- terim capital needs while providing a pathway to long-term agency financing. Independence Place of- fers one- through four- bedroom residences, with floor plans ranging from approximately 600 to 1,270 s/f. The community fea- tures renovated apartment interiors and amenities such as a swimming pool, 24-hour fitness center and clubhouse. MAREJ
on top of our game to secure great long-term financing,” Banas said. Built in 2019, Dover Run is a 154-unit, 13-building garden- style community with a mix of one- and two-bedroom units. Each has modern finishes, an in-unit washer and dryer, and a private balcony or patio. Community amenities in- clude a clubhouse, fitness cen - ter, dog park, and walking trail. The property has easy access to Route 30 and Interstate 83, connecting residents to employ- ment in York, Harrisburg, and Lancaster. MAREJ
John Banas
Kris Wood
David Singer
Jeff Steigerwalt
Dover Run Apartments - Boyd Wilson Property Management ©
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