Category : Debt & Equity

Lightstone, a national real estate investor/developer, announced the launch of an incubator fund to connect real estate entrepreneurs with funding and expertise. The company is soliciting “bold, innovative real estate-focused investment opportunities,ˮ that it will back. Lightstone, which manages a commercial and residential portfolio in excess of $2 billion, said...

The share of multifamily and commercial property lenders that expects to increase the volume of their lending over the next year declined to 42 percent, according to the Spring 2015 RELA–Chandan Survey of Commercial Real Estate Lender Sentiment, down from 47 percent in the Fall 2014 survey. Lenders are most...

Institutional investors are turning their favorable attitudes about the marketplace lending industry into action, increasing their investment in the sector over the past year, according to a new report by Richards Kibbe & Orbe LLP and Wharton FinTech. Their 2016 Survey of U.S. Marketplace Lending finds that half of all...

Pembrook Capital Management LLC, a commercial real estate investment manager, has closed on a $25.8 million mezzanine loan with a first mortgage conversion feature, to an affiliate of McSam Hotel Group to finance a West Side development site. Stuart J. Boesky, Pembrook’s CEO, said the financing is secured by a...

Capital One has provided a $110 million, floating-rate, interest-only loan to refinance Eastchester Heights Apartments, consisting of 118 four-to-six story apartment buildings in the Bronx. The loan has an initial term of 30 months, with an option to extend in six month increments for an additional 30 months. The property...

Silver Arch Capital Partners has completed a $2.2 million loan secured by a three-unit brownstone building at 18 Willoughby Street in Brooklyn. Jeffrey Wolfer, president of the Hackensack, NJ-based private lender, said the 24-month funding enabled the borrower, Restoration Properties, to refinance existing debt on the property, as well as...

Stellar Management has refinanced a seven-property portfolio with a $35.575 million loan from Astoria Bank. The deal includes a five-year term at a sub-three percent interest rate. “We saw a prime opportunity to restructure the financing of these properties and felt the timing was just right to do so,” said...