Breaking News

TRANSACTIONS: Knighthead funds $27M construction loan for Forest Hills project

GCP Capital Group arranged mortgage financing in the aggregate amount of $49,720,000 for the following properties:
• $15,600,000 for a five-story mixed-use building containing 19 apartments and approximately 2,850 square feet of retail space, located on Lexington Avenue in Manhattan. Alan Perlmutter, Managing Member of GCP Capital Group, arranged the financing for this transaction.
• $13,000,000 for a four-story office building comprised of approximately 281,760 square feet, located in Roseland, New Jersey. Adam Brostovski, Principal, arranged the financing.
• $9,745,000 for a six-story multifamily apartment building containing 72 units, located on East 17th Street in Brooklyn, New York. Alan Perlmutter arranged the financing.
• $7,800,000 for two six-story multifamily apartment buildings containing a total of 84 units, located on Cauldwell Avenue in the Bronx. Michael Charnowitz, Senior Associate of GCP Capital Group, arranged the financing for this transaction.
• $3,575,000 for a newly constructed two-story residential building containing 16 apartments, located in Lindenhurst, Suffolk County, New York. Matthew Classi, Managing Member of GCP Capital Group, arranged the financing for this transaction.
•••
Eastern Union Funding announced the following transactions:
• $19,440,000 in first lien mortgages for the refinance of a 83-unit, two-building multifamily portfolio in Bronx, NY. These transactions were arranged by Isaac Sternhill.
• A $7,750,000 first lien mortgage for the refinance of a 44-unit multifamily on West 183rd St. in New York, NY. This transaction was arranged by Meir Kessner.
• A $7,400,000 first lien mortgage for the acquisition of a 69-unit, mixed-use on Elliot Pl. in Bronx, NY. This transaction was arranged by Michael Muller.
• A $2,740,000 first lien mortgage for the refinance of an 8-unit multifamily on Fulton St. in Brooklyn, NY. This transaction was arranged by Mendy Pfeifer and Motti Blau.
• $2,425,000 in first lien mortgages for the refinance of a 5-unit, mixed-use on Macon Street and a 3-unit multifamily on MacDonough Street in Brooklyn, NY. These transactions were arranged by Jonathan Singer.
• A $1,762,500 first lien mortgage for the acquisition of a 12-unit, mixed-use on Eastern Ave. in Silver Spring, MD. This transaction was arranged by Marc Tropp and David Merkin.
• A $1,250,000 first lien mortgage for the refinance of a mixed-use portfolio in Brooklyn, NY. This transaction was arranged by Nate Hyman and David Metzger.
• A $1,000,000 first lien mortgage for the refinance of a 4-unit multifamily on Dean St. in Brooklyn, NY. This transaction was arranged by Moshe Lipschitz.
•••
Knighthead Funding announced that its affiliated discretionary debt fund, Knighthead Special Situations Real Estate Fund II, LP, has recently provided financing for the following loan transactions;
• $27,000,000, Forest Hills, NY – 1st mortgage loan to construct a 53,000 s/f mixed use property containing 46 residential units and ground floor
• $9,500,000, Fair Haven, MI – 1st mortgage acquisition loan secured by a 1,358 Mobile Home Park on 278 acres
• $5,400,000, Red Bank, NJ – 1st mortgage acquisition and rehab loan secured by an 19,000 s/f downtown office building
• $25,000,000, Newark, NJ – 1st mortgage loan refinance secured by 14 parcels comprising of 3 development sites
• $15,000,000, Brooklyn, NY – 1st mortgage acquisition bridge loan secured by an 104,000 s/f residential development site
• $6,500,000, New York, NY – 1st mortgage loan to construct office over existing retail creating a mixed use property with 12,660 s/f in Midtown Manhattan
• $8,500,000, Irvington , NY – 1st mortgage secured by a 27 lot fully approved subdivision & an industrial building as additional collateral
• $3,000,000, Kings Point, NY – 1st mortgage secured by 1.7 acre residential waterfront lot
• $3,150,000, Brooklyn, NY – 1st mortgage secured by 3-story, 10,510 s/f commercial building
• $11,150,000, Naples, FL – 1st mortgage loan to construct a 33,000 s/f, 3-story mixed use building containing 8 residential units and a ground floor commercial space
• $6,000,000, Southampton, NY – 1st mortgage loan secured by a newly constructed single family dwelling and 4 residential building lots
• $10,250,000, New York, NY – 1st mortgage acquisition and construction loan in the Lower East Side section of Manhattan.
•••
Marcus & Millichap Capital Corporation announced the following transactions:
• A $7,083,000 loan for the refinance of a 75,000 s/f multifamily building containing 72 apartments in Rockland County, NY. The transaction was arranged by Andrew Dansker.
• A $6,500,000 loan for the refinance of a 75,000 s/f retail center in Parkland, FL. The transaction was arranged by Andrew Dansker.
• A $4,375,000 loan for the acquisition of an 80,000 square foot office building in Nassau County, NY. The transaction was arranged by Andrew Dansker and Matt Michelson.
• A $4,318,000 loan for the acquisition of three multifamily properties containing 245 units in Sandusky, Ohio. The transaction was arranged by Andrew Dansker and Matt Michelson.
• A $1,800,000 loan for the refinance of two mixed-use properties located in the Park Slope neighborhood of Brooklyn, NY. The transaction was arranged by Andrew Dansker and Gunnar Wilmot.

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyrıght 2013 FUEL THEMES. All RIGHTS RESERVED.