A joint venture comprising Bridge Investment Group and Pacific Development has secured a bridge financing facility of 73 million US dollars for the Ballpark Apartments residential complex in Reno, Nevada. The loan was provided by Dwight Investment Management to refinance the newly built multi-family development.
According to the lender, the financing proceeds will be used to fund an interest reserve and partially return equity to the borrowers. Brandon Baksh, Tommy Ng and Talisse Thompson were responsible for structuring and originating the refinancing on behalf of Dwight Investment Management.
Living by Greater Nevada Field
Located at 201 Evans Avenue, the property comprises 368 residential units across five storeys and launched in early 2025. With a total floor area of approximately 486,000 square feet, the complex directly adjoins Greater Nevada Field, the home stadium of the Reno Aces, the Triple-A affiliate of the Arizona Diamondbacks.
- —Spacious outdoor pool area including spa facilities
- —Modern equipped fitness centre for residents
- —Exclusive rooftop lounge overlooking the baseball stadium
Contribution to downtown revitalisation
Pacific Development acquired the development site for the Ballpark Apartments from Simon Property Group in 2021 for 12 million US dollars, as reported at the time by the Reno Gazette Journal. According to Dwight, the now completed major project makes a significant contribution to ongoing revitalisation efforts in Downtown Reno.
Sean Murphy, founding partner of Pacific Development, stated that the residential scheme reflects the company's sustained commitment to creating high-quality neighbourhoods that strengthen the long-term vitality of their respective markets. With the completion of this financing, the partnership considers itself exceptionally well positioned to continue advancing the positive momentum in the city centre.
