Investor Success Associate

DLP Capital refinances Houston multifamily portfolio with $118 million loan. June 30, 2026 DLP Capital has secured a $118 million refinancing for a two-property multifamily portfolio in Houston, lowering borrowing costs while extending financial flexibility for assets held in one of its flagship investment vehicles. The refinancing, arranged through LoanCore Capital, covers 605 apartment units across Elan Memorial and City Park in the Heights, both owned by the firm's DLP Housing Fund. The transaction was executed by DLP Capital's in-house debt placement team, underscoring the company's strategy of managing financing internally to optimize portfolio performance. The new floating-rate loan carries an initial 36-month term with two optional 12-month extensions and features an interest-only payment structure. The refinancing generated $117 million in proceeds at closing, with an additional $1 million reserved for future capital improvements. According to the company, the new financing is expected to reduce annual interest expense by more than $1 million. The portfolio includes Elan Memorial, a 297-unit apartment community that also contains approximately 17,500 square feet of retail space, and City Park in the Heights, a 308-unit multifamily property located in Houston's Heights neighborhood, one of the city's more established urban submarkets. Harshit Shihara, director of finance partners and debt placement at DLP Capital, said the financing structure balances lower borrowing costs with flexibility for future portfolio decisions. "By securing a floating-rate structure with meaningful extension flexibility, we were able to reduce borrowing costs while preserving strategic optionality for the portfolio moving forward," Shihara said. Founder and Chief Executive Officer Don Wenner said the refinancing reflects the firm's broader approach to active balance sheet management. "Enhancing cash flow, improving return on invested capital, and lowering near-term debt service obligations across 605 units in a core Sunbelt market are exactly the type of execution our investors expect from our platform and our in-house debt placement team," Wenner said. The transaction comes as multifamily owners increasingly refinance existing debt to improve cash flow and extend loan maturities following several years of elevated interest rates. While higher borrowing costs have slowed acquisitions and new development across many markets, owners with stabilized assets have continued to pursue refinancings that create additional liquidity and reduce financing costs where possible. Houston remains one of the nation's largest apartment markets, supported by population growth, employment expansion, and a diversified economy spanning energy, healthcare, manufacturing, logistics, and technology. Although the market has absorbed a significant wave of new apartment deliveries in recent years, long-term demographic growth has continued to support investor interest in well-located multifamily assets. Based in St. Augustine, Florida, DLP Capital manages more than $5.5 billion in assets and focuses on investing in, developing, and financing multifamily and single-family rental communities. The firm sponsors a range of private real estate investment funds and emphasizes workforce housing across high-growth U.S. markets, particularly in the Sun Belt.

DLP provides $60 million loan for Margaritaville Vacation Residences Myrtle Beach. Reading Time: 2 minutes US: Co-developers AmeriCraft Homes and M Group Companies have secured a $60 million construction loan from DLP Capital for the Margaritaville Vacation Residences Myrtle Beach. The 271-unit residential community is located in Arcadian Shores. It will feature one, two, and three-bedroom condominiums with amenities including a restaurant and lobby bar, a pool with cabanas and tiki bar, a fitness centre, and more. When not in use, owners can opt-in to have their condos included in a rental management program. Vertical construction has already begun with building one, two, and all resort amenities expected to be completed by late 2027. Around 25 per cent of the inventory is sold with prices starting from $300,000. "We're excited to work with this iconic brand to bring a one-of-a-kind lifestyle community to one of the country's most beloved beachfront destinations," said Art Falcone, CEO of AmeriCraft Homes. "From the fully furnished residences to the hospitality-driven amenities, every aspect of the community has been thoughtfully curated to enhance the coastal living experience." Patrick Marino, chairman and CEO of M Group Companies, added: "Buyers are looking for more than just a residence; they want a lifestyle-driven experience. At Margaritaville Vacation Residences Myrtle Beach, we're delivering a turnkey piece of paradise, complete with onsite rental management services and a robust amenity program that makes every day feel like a vacation." Highlights: * AmeriCraft Homes and M Group Companies secured a $60 million construction loan from DLP Capital for Margaritaville Vacation Residences Myrtle Beach in Arcadian Shores. * The 271-unit beachfront residential community will include one-, two- and three-bedroom condominiums with resort-style amenities including pools, bars, dining and fitness facilities. * Owners will be able to opt into an onsite rental management programme, enabling short-term letting when units are not in personal use. * Construction is underway, with full completion of buildings and amenities targeted for late 2027 and around 25 per cent of units already sold from $300,000.

DLP Real Estate Capital, a private real estate investment firm with $5.5 billion in assets under management, has appointed Eli Marshall as President of Extraordinary Relationships and Organizations. The appointment comes as the Florida-based firm pursues billion-dollar brand status. Marshall will focus on positioning company culture as a growth engine, deepening investor relationships and forging partnerships with mission-driven organisations. His role includes collaborating with investors, business owners and partners to advance DLP Capital's mission of building thriving communities. Marshall brings experience from executive roles at modular construction and multifamily development firms, including leading over $100 million in ground-up development projects. He previously served nine years as a firefighter and EMT in Indiana. DLP Capital, founded in 2006, specialises in multifamily and single-family rental communities.