City strikes deal to keep world’s largest co-op affordabe
The city’s Department of Housing Preservation and Development has struck a deal to preserve 16,083 affordable homes, including Co-op City, the largest housing cooperative in
Category : Debt & Equity
Industry looks to IRS for relief on 1031s
Some of the nation’s most powerful real estate groups have written to Treasury Secretary Steven T. Mnuchin urging him to temporarily lift restrictions on 1031
IPG, Square Mile secure $305M loan for logistics facility
Innovo Property Group (IPG) and Square Mile Capital Management LLC have obtained construction financing totaling $305 million for their development of a one million square foot two-story Class
CIT, BlackRock fund $163M loan for Arden industrial acquisition
Real estate fund manager Arden Group has secured a $163 million loan to fund its acquisition of a 12-asset industrial portfolio. The floating-rate loan was
BBCP arranges $64M to refinance Bronx apartment portfolio
Black Bear Capital Partners (BBCP) has arranged $63.8 million in permanent financing on behalf of Finkelstein Timberger East Real Estate (FTERE) for the refinance of
Rent regs don’t deter multifamily lender
ABS Altman Warwick, a division of ABS Partners, closed a $13 million loan for a 68-unit, 65,600 s/f apartment building at 232 East 12th Street
Metropolitan renews Sect. 8 contract with $38M FHA refi’ on Brooklyn properties
Rockport Mortgage Corporation has closed an FHA Section 223(f) refinancing loan of $38.6 million for Union Street Houses in Brooklyn. The property is owned by
TRANSACTIONS: Eastern Union Funding arranges healthcare loan
Eastern Union Funding announced the following transactions: • A $29,000,000 first lien mortgage for the acquisition of a single unit healthcare property in Arverne, NY.
UBS funds $29M loan to refinance Walmart-anchored shopping center
Newmark Knight Frank has arranged a $29 million fixed-rate loan for the refinancing of the Naugatuck Shopping Center in Waterbury, Connecticut. The Newmark Knight Frank
Denholtz secures financing to finish luxury apartment development
JLL Capital Markets arranged $17.5 million in financing for the development of The Rail @ Red Bank, a 57-unit, Class A apartment project in Red