Category : Debt & Equity

Debt & Equity

CityFunders launches Crown Heights investment opportunity

REW
by REW1445
CityFunders, a real estate crowdfunding platform dedicated exclusively to offering properties in New York City, announced the launch of an investment property located in the Crown Heights neighborhood of Brooklyn. The new property will be launched with CityFunders’ new investment program, InvestSelect, enabling investors to choose their rate of return...
Debt & Equity

Transactions: Meridian’s $16.3M mortgage for Park Avenue South property, W Financial’s $46.8M in loans

REW
by REW1220
Meridian Capital announced the following transactions: A new mortgage of $16,300,000 was placed on a nine-story, 36-unit multifamily property located on Park Avenue South in New York, NY. The loan features a rate of 3.00% and a five-year term. This transaction was negotiated by Allan Lieberman and Asher Haft. A...
Debt & EquityFeaturedHeadlineResidential

Record number of tenants struggling to pay their rent

REW
by REW1381
Due to the combination of stagnant income and rising rental rates, more and more people are struggling to pay for housing. According to a report from the Harvard Joint Center for Housing Studies entitled America’s Rental Housing: Expanding Options for Diverse and Growing Demand, the number of people who can...
HFF arranges $14M loan for NJ shopping center
Debt & Equity

HFF arranges $14M loan for NJ shopping center

REW
by REW1101
Holliday Fenoglio Fowler, L.P. (HFF) arranged a $14 million refinancing for The Streets of Chester Shopping Center, a 104,682-square-foot lifestyle retail center in Chester Township, New Jersey. HFF worked on behalf of the borrower, CPP Streets of Chester, to place the 10-year, fixed-rate loan with Natixis Real Estate Capital, Inc....
Debt & Equity

Silver Arch Capital provides $8M loan for repositioning of Chinatown properties

REW
by REW1288
Silver Arch Capital Partners has closed an $8 million first mortgage loan secured by two mixed-use properties in New York City, announced Jeffrey Wolfer, president and CEO of the Hackensack, NJ-based private lender. The financing, obtained by Mooney House LLC and 127 Mott Street LLC, “will enable the borrowers to...
CBRE funds acquisition of Connecticut multifamily properties
Debt & Equity

CBRE funds acquisition of Connecticut multifamily properties

REW
by REW1710
CBRE Capital Markets’ Business Lending team has funded $4.3 million in acquisition financing through the Freddie Mac Small Balance Lending program for the purchase of two multifamily properties in Hartford, Connecticut. The properties included in the transaction are: Asylum Hill Apartments – Huntington, located at 57-63 Huntington Street; 35 units....
Understanding the math behind commercial mortgage underwriting
Debt & Equity

Understanding the math behind commercial mortgage underwriting

REW
by REW3982
By Stephen A. Sobin, president & founder, Select Commercial Funding LLC Almost every day, I am asked why some commercial mortgage loan requests are easily approved while others are rejected. As a commercial mortgage broker with over 30 years of commercial mortgage lending experience, I have reviewed and underwritten thousands of...
Merger set for accounting firms Marcum, DGLF
Debt & Equity

Merger set for accounting firms Marcum, DGLF

REW
by REW1242
Marcum LLP, a national accounting and advisory services firm, announced that it will merge with DGLF CPAs & Business Advisors, a full-service accounting firm specializing in construction and real estate, with offices in Nashville, Tennessee, and Orlando, Florida. The merger became effective December 1, 2015. DGLF offers audit, tax, information...
JV lends $85M during first week in loan business
Debt & Equity

JV lends $85M during first week in loan business

REW
by REW1366
Within six weeks of launching a new $170 million first-position real estate lending vehicle, a joint venture between Spruce Capital Partners and Tall Pines Capital has originated more than $85 million in loans to 40 projects, predominately in Brooklyn and Manhattan. The principals credit strong borrower relationships, plenty of available...
Debt & Equity

Midtown office tower receives $23.5M refinance

REW
by REW957
Meridian Capital Group negotiated a $23.5 million loan for the refinance of a Manhattan office property on behalf of 32 W39 Midtown Properties, LLC. The five-year loan, provided by Signature Bank, features a fixed-rate of 3.88% and two years of interest-only payments followed by a 30-year amortization schedule. The transaction...