Category : Banking and Finance

Greystone stacks up $164M for multifamily investment group
Banking and Finance

Greystone stacks up $164M for multifamily investment group

REW
by REW2914
Greystone has provided $125,200,000 in Fannie Mae financing as part of a recapitalization effort for a $163,500,000 portfolio of multifamily properties in Pennsylvania and Kentucky. Originated by Dan Sacks and Eric Rosenstock, the financing involved a complex capital stack and new operating ownership structure to help the properties return to...
NKF sells, arranges loan for Virginia properties
Banking and Finance

NKF sells, arranges loan for Virginia properties

REW
by REW1744
Commercial real estate advisory firm Newmark Knight Frank (NKF) arranged the sale and acquisition financing of Park at Salisbury and Garden Springs, a two-property portfolio totaling 532 units in Midlothian and Chester, Virginia. The NKF team that arranged the financing was led by Vice Chairmen and Co-Heads of Capital Markets...
$140M loan will pave way for two South Bronx towers
Banking and Finance

$140M loan will pave way for two South Bronx towers

REW
by REW3291
S3 Capital Partners, a private lender in New York, has originated a $140 million construction loan for Chess Builders and its new development at 210 East 135th Street in the South Bronx. The financing will drive the construction of two 25-story towers, consisting of 430 rental units (of which 129...
Banking and Finance

JBA arranges $38M in financing for 80-unit Greenpoint building

REW
by REW1962
Jonathan Aghravi of JBA Equities announced that his team has secured a $38 million loan for ground-up construction at 30 Kent Street, an 80-unit residential property with retail on grade to be developed in Greenpoint, Brooklyn. Construction is slated to take approximately two years to complete. The new 11-story, 86,067-square-foot...
When it comes to Opportunity Zones, there are lessons to be learned from EB5
Banking and FinanceViews

When it comes to Opportunity Zones, there are lessons to be learned from EB5

REW
by REW3520
By Clem G. Turner, Chiesa Shahinian & Giantomasi PC There are many similarities between the EB-5 Immigrant Investor Visa Program and the Qualified Opportunity Zone Program. With both, the federal government provides an added inducement for investors to finance qualifying projects. Additionally, while the incentives provided differ — a green...
Arbor fund $43M bridge financing
Banking and Finance

Arbor fund $43M bridge financing

REW
by REW1928
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 The Boulders at Katy Trail, a 314-unit property. Brian Scharf of Arbor’s Uniondale office originated the loan. “Arbor was able to deliver competitive terms on...
JV closes on $223M to build nation’s largest passive property
Banking and FinanceDeals & Dealmakers

JV closes on $223M to build nation’s largest passive property

REW
by REW2769
L+M Development Partners, Jonathan Rose Companies and Acacia Network announced the closing of $223 million in financing for phase one of Sendero Verde, a 100 percent affordable mixed-use development in East Harlem. Across all phases, the project will include nearly 700 units of affordable housing, community and social service space,...
CDT completes $120M capital raise for housing development
Banking and Finance

CDT completes $120M capital raise for housing development

REW
by REW1695
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 two-year capital raise that supports CDT’s double-bottom-line objectives. CDT closed an $85.5 million redeemable preferred capital raise – its Series D – which represents the...
Banking and Finance

Arbor Realty funds $43M bridge loan

REW
by REW3582
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 The Boulders at Katy Trail, a 314-unit property. Brian Scharf of Arbor’s Uniondale office originated the loan. “Arbor was able to deliver competitive terms on...
TD Bank commits to affordable housing development
Banking and Finance

TD Bank commits to affordable housing development

REW
by REW3202
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, Florida. Blue Sky Communities specializes in working with non-profit organizations to help develop new and rehabilitate existing multi-family housing communities. The bank has provided a...