Category : Debt & Equity

Debt & Equity

Investors Bank broadens CRE loan portfolio

REW
by REW1052
Focused on diversifying its portfolio of commercial real estate (CRE) loans, Investors Bank recently closed multi-million dollar financings to retail shopping centers, mixed-use properties, warehouses and multifamily buildings. Also, the bank is expanding its relationships to include a broader base of building owners and property developers in the New York...
Debt & Equity

Co-operative business sector posts $243B in revenues

REW
by REW1051
National Cooperative Bank, known for providing banking solutions tailored to meet the needs of co-operatives nationwide, released its annual NCB Co-op 100, listing the nation’s top 100 revenue-earning cooperative businesses. In 2014, these businesses posted revenue totaling approximately $243.2 billion, a 4.1% increase from 2013. The NCB Co-op 100 remains...
Eastern Consolidated sets loan package for Slate
Debt & Equity

Eastern Consolidated sets loan package for Slate

REW
by REW1077
Eastern Consolidated’s Capital Advisory Division arranged $22 million in bridge financing for developers Slate Property Group and Meadow Partners to acquire a development site at 570 Fulton Street in Downtown Brooklyn. The financing package consisted of a $15 million first mortgage from Bank of the Ozarks, and $7 million of...
Simple solution to home rental occupancy tax and compliance
Debt & Equity

Simple solution to home rental occupancy tax and compliance

REW
by REW858
By Rob Stephens, Co-Founder and General Manager, Avalara MyLodgeTax Every day now there are articles, headlines, editorials and complaints about tax and regulatory issues in the vacation rental and home sharing market. Recently, the city of Portland fined vacation website HomeAway over users’ unpaid lodging taxes, and the city of...
Debt & Equity

TRANSACTIONS: Middle market loans for the past week

REW
by REW698
Meridian Capital announced the following transactions: • A new mortgage of $6,265,000 on a six-story, 49-unit multifamily property located on West 160th Street in New York, NY. The loan features a rate of 2.63% and a 3-year term. This transaction was negotiated by Avi Weinstock and Michael Farkovits. • New...
Melville office building gets $11M in refinancing
Debt & Equity

Melville office building gets $11M in refinancing

REW
by REW1226
Ernest DesRochers, senior vice president/managing director and Charles Cotsalas, senior vice president/senior director of NorthMarq Capital’s New York metro office arranged the $10.8 million refinance of 425 Broad Hollow Road, a 111,700 s/f office property located in Melville, New York. The transaction was structured with a 5-year term and 30-year...
Walker & Dunlop reduces debt cost with $18M loan
Debt & Equity

Walker & Dunlop reduces debt cost with $18M loan

REW
by REW1084
Walker & Dunlop, Inc. closed a $17,663,486 loan for a premier multifamily apartment complex, The Cove at Creekwood Park, in Lenoir City, Tennessee. This non-recourse loan was structured with a 39 year fixed rate term using the U.S. Housing and Urban Development’s (HUD’s) Interest Rate Reduction (IRR) program. The IRR...
Where are the top smart money VCs investing in real estate tech?
Debt & Equity

Where are the top smart money VCs investing in real estate tech?

REW
by REW1997
Venture capital funding to real estate tech startups crossed the $1B mark last year, and is projected to reach $1.5B at the current run-rate. With real estate tech investing growing, it’s important to know where the top VCs are putting their money. CB Insights has delved into smart money VC annual deals and...
Eastern Union Funding expands Brooklyn presence
Deals & DealmakersDebt & Equity

Eastern Union Funding expands Brooklyn presence

REW
by REW1305
Eastern Union Funding is expanding to serve the thriving real estate markets along Brooklyn’s waterfront by opening an office in Williamsburg. The new Eastern Union office, located on Wythe Avenue, will arrange financing for building owners, developers and investors who are targeting the rapidly evolving and growing neighborhoods in Williamsburg,...
International warehouse takes 67,000 s/f of space
Debt & Equity

International warehouse takes 67,000 s/f of space

REW
by REW1561
BEB Real Estate, a real estate and investment company controlled by Bert E. Brodsky & Associates, has leased 67,000 s/f of warehouse space at 303 Winding Road in Old Bethpage, NY to International Warehouse Group, one of the top warehousing companies in New York. According to Bert Brodsky, chief executive...