CDT completes $120M capital raise for housing development
The Community Development Trust (CDT), which provides long-term and equity capital for the creation and preservation of affordable housing, announced its completion of a record-setting
Category : Banking and Finance
Arbor Realty funds $43M bridge loan
Arbor Realty Trust funded a $43 million bridge loan in St. Charles, MO. Arbor provided the cash-out refinance loan with a 30-month floating rate for
TD Bank commits to affordable housing development
TD Bank announced its commitment to finance Blue Sky Communities recent development of the Preserve at Sabal Park, a multi-family affordable housing community in Seffner,
China Construction America lands $53M for office purchase
CBRE’s Debt & Structured Finance team announced the closing of a $53.6 million loan secured by 445 South Street in Morristown, New Jersey. Morgan Stanley
Merchants closes $42M hotel loan
Merchants Hospitality and Roche Enterprises have closed on a $42 million mortgage financing on their Cachet Hotel at Hudson Yards North. The $42 million financing,
Wells Fargo sells Eastdil Secured
Wells Fargo has announced the sale of Eastdil Secured, its private real estate investment banking division. The sale follows Eastdil’s management-led recapitalization, in partnership with
Basis Investment commingles $410M
Basis Investment Group, a national investment platform founded by Tammy Jones, held the final closing of its first commingled, closed-end Fund, BIG Real Estate Fund
$2.7B real estate fund is Angelo Gordonʼs biggest ever
New York investment powerhouse Angelo, Gordon & Co. has raised over $2.75 billion for its most recent U.S. real estate fund. The raise for AG
Rockefeller throws its weight into Opportunity Zone program
The Rockefeller Foundation announced an initiative to help U.S. cities attract responsible private investment in economically-distressed communities through Opportunity Zones created in the 2017 Tax
MetLife Pentagon deal
MetLife Investment Management arranged a loan for $126.9 million for Meridian at Pentagon City. Meridian at Pentagon City is a two tower, high-rise multifamily property