Category : Debt & Equity

Walker & Dunlop provides $18.4M loan for apartment complex
Debt & Equity

Walker & Dunlop provides $18.4M loan for apartment complex

REW
Walker & Dunlop, Inc. provided a loan in the amount of $18,375,000 for the refinance of Jasmine at the Galleria Apartments, a 270-unit apartment complex in Smyrna, Georgia. Walker & Dunlop provided a fixed rate, cash-out loan that refinanced the Freddie Mac adjustable rate mortgage that was placed on the...
NGKF arranges $42M deal
Debt & Equity

NGKF arranges $42M deal

REW
NGKF Capital Markets has arranged and structured $42 million in senior debt financing and preferred equity for the acquisition of Antero Apartments, a 528-unit multihousing property in Colorado Springs, Colorado. Freddie Mac, through Berkeley Point, provided the $37.7 million senior loan and ROC Debt Strategies provided $4.3 million of preferred...
Debt & Equity

HFF arranges $110M mortgage for TAMI target

REW
Holliday Fenoglio Fowler, L.P. (HFF) has secured a $110 million first mortgage financing for 180 Madison Avenue, a historic, 23-story, 280,953 s/f office tower in Manhattan. Working on behalf of an institutional investor, HFF placed the loan with J.P. Morgan Chase Bank, N.A. and Landesbank Hessen-Thuringen Girozentrale (Helaba). 180 Madison...
Debt & Equity

Tennis great Andre Agassi putting the fund in learning

REW
A year after celebrating the opening of a new five-story facility for Metropolitan Lighthouse Charter School in the Bronx, Agassi Ventures announced Turner-Agassi Charter Schools Facilities Fund II, which plans to invest up to $1 billion for the development of as many as 130 schools in high-need areas nationwide by...
Debt & Equity

New York REIT borrows $325M on 1440 Broadway

REW
New York REIT, Inc. has managed to secure a $325 million loan on 1440 Broadway, two years after buying the tower for $528.6 million. Amidst a series of announcements on strategy and board changes, it was announced that an affiliate of H/2 Capital has provided $285 million in senior financing...
European investors hit reset button
Debt & Equity

European investors hit reset button

REW
Price pressure in European investment markets is continuing to keep real estate return expectations in check. Less than half of the professional property investors surveyed in Europe’s three largest economies believe they will achieve their yield targets in the next three years – and expectations are also subdued on a...
Capital commitment to Long Beach Lido
Debt & Equity

Capital commitment to Long Beach Lido

REW
Capital One Bank provided an $18 million fixed-rate loan to refinance Executive Towers at Lido, a 276-unit apartment complex in Long Beach, New York. The borrower, the Walton Family, is a longtime client of Capital One, and the new loan replaces an existing Capital One loan which was closed in...
Middle East global real estate investment reaches all-time high
Debt & Equity

Middle East global real estate investment reaches all-time high

REW
During the first half of 2015, $11.5 billion of capital flowed out of the Middle East into direct real estate globally — surpassing the previous half-yearly high of $9.6 billion recorded in H1 2007, according to the latest research from CBRE Group, Inc. Total Middle East outbound investment during 2014...
Construction & DesignDeals & DealmakersDebt & Equity

Savanna and Silvermintz secure $115M loan to build new Chelsea gallery property

REW
RM Capital  has arranged $115 million of first mortgage construction financing for the development of a Class A office and gallery building located at 540-544 West 26th  Street in  West Chelsea. The project is a joint venture between Savanna Real Estate Fund and the Silvermintz Family, a multi-generational owner of the land. The...
Clarion pumps $61M into 575 Lexington financing package
Deals & DealmakersDebt & Equity

Clarion pumps $61M into 575 Lexington financing package

REW
Clarion Partners announced the closing of a $61.2 million mezzanine loan, which it provided as part of the financing of 575 Lexington Avenue. New York Life Real Estate Investors closed on the sale of 575 Lexington Avenue last week to a partnership that includes Angelo Gordon & Co, George Comfort & Sons and...