TRANSACTIONS: GCP arranges $45M mortgage for East Village building
GCP Capital Group arranged mortgage financing in the aggregate amount of $82,150,000 for the following properties: • $45,500,000 for a six-story mixed-use building containing 81
Category : Debt & Equity
New Naftali debt platform closes on first loan with $50M mezz package for Central Park condo
Naftali Credit Partners, a subsidiary of Naftali Group, has closed a $50 million mezzanine loan for the construction of 145 Central Park North. The first
MRC lends Jersey developer $258M to build new homes
Madison Realty Capital (MRC) closed a $258 million loan facility for an 1161-unit multifamily development portfolio owned by Jack Klugmann’s Accurate Builders and Developers of
Silverstein becomes latest owner to step into lending sector
Silverstein Properties (SPI) has launched a real estate lending joint venture called Silverstein Capital Partners. As banks have tightened their own CRE lending platforms, Silverstein
Bubble back on real estateʼs mind
Proceed with caution. That’s the message from the number crunchers at UBS as the word ‟bubble” re-enters the real estate vernacular. In it’s newest Bubble
Mission Capital ramps things up in Tampa, FL
Mission Capital Debt and Equity Finance team has structured a $53 million non-recourse ramp loan for The Godfrey Hotel and Cabanas Tampa in Florida. Jordan
Greystone directs $17M HUD loan to Michigan apartment project
Greystone provided a $17 million HUD-insured loan for the development of a 145-unit apartment community to be built blocks from the state’s Capitol building in
NKF works Omaha loan
NKF Capital Markets arranged financing for the Gavilon Headquarters at 1331 Capitol Avenue, Omaha, Nebraska, securing a $30,062,500 loan from Citibank, on behalf of Kawa
City files lawsuit against ‘zombie homesʼ mortgage holders
The city has filed lawsuits against the mortgage holders of five zombie properties — vacant, distressed, one-to-four family homes with delinquent mortgages — throughout Brooklyn.
Westchester IDA okays incentives for $200M Rose development
The Westchester County Industrial Development Agency (IDA) has approved a plan to provide financial incentives for a $203 million mixed-use residential development at 440 Hamilton