Pearlmark Closes on Whole Loan for The Byline

Chicago, IL (March 31, 2026) - Pearlmark announced that it closed on a $23.3 million debt investment for the refinance of The Byline, a 48-unit multifamily project with 10,183 sq. ft. of ground floor retail in West Hartford, Connecticut. The property is centrally located on Farmington Avenue, the main retail and office artery of West Hartford.

The investment was originated and structured on behalf of Pearlmark Mezzanine Realty Partners VI, L.P. The property is owned by Jasko Development, a Connecticut-based real estate development and investment firm focused on multifamily and mixed-use projects in the Northeast. Adrian Edery and Josh Eliassian of Two50 Capital Group advised on the debt placement for the transaction, on behalf of Jasko Development.

Units at The Byline feature stainless steel appliances, custom cabinetry, soundproofing, smart home technology, floor-to-ceiling glass Juliet balconies, and custom closets and shelving. The property offers an amenity package that includes an outdoor patio, community room, pet spa, bike storage, cigar lounge, and entrance to the Trout Brook Trail. The property is located in the heart of West Hartford Center, offering direct access to grocery stores, restaurants, and retail.

Steve Gordon, Managing Director of Pearlmark, led the transaction and remarked, "We are pleased to be a lending partner with Jasko Development on the refinancing of the Byline, delivering a flexible debt solution that supports this high-quality multifamily asset in the heart of West Hartford's lively town center."

Doug Lyons, Managing Principal and Head of Debt Investments for Pearlmark, further commented, "The Byline meets Pearlmark standards for outstanding asset quality in the vibrant downtown West Hartford market that demonstrates high demand for its attractive "live-work-play" environment."

About Pearlmark

Pearlmark is a Chicago-based investment firm that targets domestic core-plus to value-add real estate opportunities via commingled funds, separate accounts, and joint venture structures. Since 1996, the Pearlmark team has sponsored more than 15 real estate equity and debt investment programs and completed 613 real estate equity and debt transactions on behalf of investors, representing $6.3 billion in equity capital commitments, $14.7 billion in gross investment value, and 179 originated loans aggregating over $2.3 billion in commitments. Pearlmark is dedicated to creating value for its investors and offers a range of investment opportunities nationwide across various property types (primarily industrial and multifamily). For more information, please visit https://www.pearlmark.com.