Debt & Equity Archives - Page 103 of 148

US cap rates stabilize during second half of 2015

REW March 2, 2016 March 2, 2016

by REWMarch 2, 2016March 2, 20161892

Capitalization rates for U.S. commercial real estate stabilized over the second half of 2015, after several years of trending downward, according to the latest research from CBRE Group, Inc. Cap rate movement over the second half of 2015 within the office, retail and multifamily sectors was too small to be...

Debt & Equity

Walker & Dunlop cranks out $560M in affordable housing loans

REW March 2, 2016 March 2, 2016

by REWMarch 2, 2016March 2, 20161127

Walker & Dunlop, Inc. announced that it originated $557 million of affordable housing loans in 2015, primarily through programs of Fannie Mae, Freddie Mac and U.S. Department of Housing and Urban Development (HUD), and was ranked the #3 Fannie Mae DUS Producer of Affordable Housing for the year. From 2010...

Debt & Equity

This week’s middle market loans from Berkadia, Meridian Capital, GCP, Eastern Union and more

REW March 2, 2016 March 2, 2016

by REWMarch 2, 2016March 2, 2016887

Meridian Capital announced the following transactions: • A new mortgage of $3,125,000 was placed on a four-story, 18-unit multifamily property located on Malcolm X Boulevard in Brooklyn, NY. The loan features a rate of 2.82% and a three-year term. The loan was negotiated by Isaac Filler and Michael Helmreich. •...

Deals & Dealmakers Debt & Equity Featured

Women entrepreneurs outnumber men in New York City, says new survey

REW March 1, 2016 March 1, 2016

by REWMarch 1, 2016March 1, 20161478

The Center for an Urban Future today published a new study that reveals a dramatic surge in women entrepreneurs in New York City. It shows that the number of women-owned businesses grew four times as fast as male-owned businesses during the past five years. The study, which was funded by...

Debt & Equity Featured

Are white borrowers really three times more likely to get a mortgage than minorities?

REW March 1, 2016 March 1, 2016

by REWMarch 1, 2016March 1, 20161636

Democratic frontrunner Hillary Clinton recently generated dissent from the real estate industry during a recent town hall debate in Las Vegas. Answering a question about mortgage discrimination, she said: “You know, credit has tightened up in ways that are just not fair. You are three times more likely to be...

Debt & Equity

Transactions: Meridian Capital’s $14.7M mortgage on Broadway property, Cushman & Wakefield’s $6.6M in financing deals

REW February 25, 2016 February 25, 2016

by REWFebruary 25, 2016February 25, 20161181

Meridian Capital announced the following transactions: A new mortgage of $14,725,000 was placed on a six-story, 54-unit multifamily property located on Broadway in New York, NY. The loan features a rate of 2.75% and a five-year term. This transaction was negotiated by Shamir Seidman and Daniel Neiss. A new mortgage...

Debt & Equity

Wrublin firm SKW takes $12M position at Simon Baron’s 12 Franklin Street

REW February 25, 2016 February 25, 2016

by REWFebruary 25, 2016February 25, 20161965

SKW Funding capitalized a $12 million preferred equity position into Simon Baron Development’s $24 million acquisition of 12 Franklin Street in Greenpoint, Brooklyn. Daniel Wrublin, one of the principals of SKW Funding and co-founder of Dalan Management, noted “Our committee moved swiftly to approve and fund $12 million in less...

Debt & Equity

Walker & Dunlop’s Section 8 finance deal is totally RAD

REW February 24, 2016 February 24, 2016

by REWFebruary 24, 2016February 24, 20161411

Walker & Dunlop, Inc. (NYSE: WD) announced today it closed a $7,669,000 loan for Glen Oak Towers, a federally subsidized high rise, catering to senior citizens, in Peoria, Illinois. This transaction was unique in that it enabled the borrower, Scott Canel & Associates, to acquire and rehabilitate an older Section...

Debt & Equity

Transactions: Meridian’s $3.7M mortgage for Brooklyn retail space, Deerwood’s $9M loan for JN property

REW February 19, 2016 February 19, 2016

by REWFebruary 19, 2016February 19, 20161280

Meridian Capital announced the following transactions: A new mortgage of $3,675,000 was placed on a five-story, 27-unit mixed-use property with 1,900 square feet of retail space on Manhattan Avenue in Brooklyn, NY. The loan features a rate of 3.00% and a five-year term. This transaction was negotiated by Alan Friedman...

Debt & Equity

Eastern arranges $13M loan for Bushwick rental building

REW February 17, 2016 February 17, 2016

by REWFebruary 17, 2016February 17, 2016686

Reflecting regional banks’ hunger for well-located projects in up-and-coming markets, Eastern Union Funding announced it has arranged a $13.2 million construction loan for the development of Bushwick’s 949-963 Willoughby Ave. Eastern Union Funding Director David Eisen placed the 24-month loan with Short Hills, N.J.-based Investors Bank on behalf of Willtrout...