Category : Banking and Finance

Banking and FinanceDeals & Dealmakers

Eyzenberg comes full circle with beachside asset

REW
by REW2622
Eyzenberg & Company has arranged permanent financing for a New York investor’s $22.6 million purchase of an award-winning entertainment, restaurant and retail complex in Myrtle Beach, S.C. THEBlvd is a 42,000 s/f development unique to the vacation town’s boardwalk at 1410 North Ocean Boulevard. Developed by Land South of MB,...
Banking and Finance

Square Mile completes financing trifecta for Americaʼs Capital

REW
by REW2211
Square Mile Capital Management originated a $67 million loan secured by Signature Exchange, a 454,000 s/f office building located in Dallas, Texas. The loan was made to America’s Capital Partners, who acquired the property in 2015, and it includes proceeds to refinance existing debt and fund future leasing costs. Square...
Banking and FinanceDeals & Dealmakers

Griffin Industrial uses new credit line for first Orlando purchase

REW
by REW1215
Griffin Industrial Realty has closed closed on the acquisition of a 100,000 s/f fully leased warehouse building in Orlando, Florida, the company’s first property in the Orlando area. Griffin financed the acquisition using its new line of credit for acquisitions and cash on hand and expects to obtain a long-term...
Equity Residential secures $2.5 billion credit line
Banking and FinanceDeals & Dealmakers

Equity Residential secures $2.5 billion credit line

REW
by REW1661
Equity Residential announced Monday that its operating partnership has entered into a $2.5 billion multi-currency revolving credit facility, replacing its existing $2.0 billion credit agreement. The new facility matures on November 1, 2024, and can be extended or increased, subject to lender consent and customary conditions. The interest rate and...
Investors flock to EB5 Expo
Banking and FinanceDeals & Dealmakers

Investors flock to EB5 Expo

REW
by REW1432
Tom Rosenfeld, President and CEO of CanAm Enterprises, spoke about the future of EB-5 Program at 2019 Expo Hong Kong. Rosenfeld shared his views on the future of EB-5 and the effects of proposed regulatory changes to the program. He also explained what to consider when selecting a reputable EB-5...
New Opportunity Zone Academy launched
Banking and FinanceDeals & Dealmakers

New Opportunity Zone Academy launched

REW
by REW2204
The Rockefeller Foundation and Smart Growth America (SGA) have launched the National Opportunity Zones Academy to help cities drive sustainable growth in Opportunity Zones by attracting socially responsible investment. Five cities have been selected to participate, including Chicago, Greater Miami and the Beaches, Pittsburgh, Seattle, and Norfolk, VA. The Foundation...
Banking and Finance

NorthMarq arranges BRiQ refiʼ

REW
by REW1933
Robert Delitsky, managing director of NorthMarq’s New York City office, arranged a $51.85 million refinance of the BRiQ, a Class A, 21-story, 110 unit property located at 237 Duffield Street in Brooklyn that was completed in the fall of 2018. The property also contains a 10,600 s/f commercial space on...
Debt markets eager for slice of Rockpoint, CLK refinancing
Banking and FinanceDeals & DealmakersDebt & Equity

Debt markets eager for slice of Rockpoint, CLK refinancing

REW
by REW2507
Cushman & Wakefield announced that the firm served as the exclusive advisor to Rockpoint Group & CLK Properties in the procurement of $125 million for the refinancing of 1981 and 1983 Marcus Avenue, a 683,797 s/f two-building office complex located in Lake Success, New York. The refinancing was provided by...
HSP closes on $53M bridge loan for Penn Plaza office building
Banking and FinanceDeals & Dealmakers

HSP closes on $53M bridge loan for Penn Plaza office building

REW
by REW1911
JLL arranged a $53 million bridge loan for Chelsea Square, a 113,629- s/f boutique office property in the Penn Plaza submarket of Manhattan. JLL worked on behalf of the borrower, HSP Real Estate Group, to secure the three-year financing through Ladder Capital. Chelsea Square is located at 251 West 30th...