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Wednesday, November 11, 2026Commercial real estate news

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RATE WATCHDaily benchmarks 10-year Treasury4.98%+10 bpAs of Nov 10 5-year Treasury4.81%+14 bpAs of Nov 10 SOFR3.88%-1 bpAs of Nov 9 Effective Fed funds3.88%UnchangedAs of Nov 9

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Multifamily / FINANCING

Madrone Apartments refinancing

Mountain View, California

Announced

Refinancing loan amount: $105,000,000
Transaction type: Financing
Reported: Nov 11, 2026
Closing date: Not disclosed

Read the terms in context

REBusinessOnline reports that the loan was secured and provided but does not explicitly establish a closing or disclose a closing date.
The source says Northmarq arranged financing on behalf of Prometheus but does not identify the legal borrower.

Companies involved

ArrangerNorthmarq Financing clientPrometheus Real Estate Group LenderNew York Life

Reporting behind the record

Original coverage

Capital Markets · Nov 11, 2026

Northmarq Arranges $105 Million Refinancing for Madrone Apartments

New York Life provided five-year, interest-only financing for the Mountain View community, where Prometheus plans eight accessory dwelling units.

Read story ↗

Based on The Basis reporting. Coverage is selective, not a complete market database. Amounts retain their stated meaning; sale prices, loan amounts and lease terms are not combined. “Reported” is the reporting date, not necessarily the closing date.