Category : Debt & Equity

Deals & DealmakersDebt & Equity

MRC lends $124M for Toledano’s East Village purchase

REW
by REW1128
Madison Realty Capital (MRC) provided first and second mortgage financing totaling approximately $124 million for the acquisition and future renovation of a 15-building, 175,000s/f portfolio of residential and mixed-use properties in the East Village. Josh Zegen, Co-Founder and Managing Principal of MRC, said, “This portfolio of properties in such prime...
Chinese firm leads 111 Murray investment group
Debt & Equity

Chinese firm leads 111 Murray investment group

REW
by REW978
Developers Witkoff, Fisher Brothers and New Valley have closed on an equity partnership deal with a consortium of Asian investors for 111 Murray Street, a new luxury condo tower in Lower Manhattan. The investors, led by Chinese insurance firm Kauyuan Taiping, contributed $125 million in equity investment to the project....
Deals & DealmakersDebt & Equity

Toledano bags $124M loan from MRC

REW
by REW1230
Madison Realty Capital provided a $124 million loan to Raphael Toledano’s Brookhill Properties for the acquisition of a 16-building portfolio in the East Village. The first and second mortgage financing will cover the acquisition and future renovation of a 15-building, 175,000s/f portfolio of residential and mixed-use properties. Josh Zegen, co-founder...
Savanna takes out $315M mortgage on One Court Square
Debt & Equity

Savanna takes out $315M mortgage on One Court Square

REW
by REW1618
Cushman & Wakefield served as the exclusive advisor to affiliates of a joint venture led by Savanna in arranging a $315 million senior mortgage loan secured by One Court Square, Long Island City’s largest and most notable class A office tower. The fixed rate financing was provided by Natixis Real...
Deals & DealmakersDebt & EquityFeatured

Spend war chest on building cheap homes, Barney Frank tells New York conference

REW
by REW1058
Barney Frank, the Democratic Congressman who proved to be a polarizing figure during the housing crisis, is prescribing a unique approach to solving the nation’s housing crisis. “We will not be able even to maintain the current level of support for affordable rental housing, if we don’t attack the military...
Debt & Equity

Cross border collaboration benefits all in commercial real estate

REW
by REW913
By Joy Hou, Co-founder and CEO, Metis Last year, over $40 billion of cross-border capital entered the US Commercial Real Estate market, a trend that is showing no signs of slowing. Globally, the US remains one of the most stable countries in the world, and for that reason, capital preservation...
Debt & Equity

Normandy borrows $83M

REW
by REW957
Holliday Fenoglio Fowler, L.P. (HFF) arranged an $83.45 million refinancing for a portfolio of office assets totaling 14 buildings and 946,374 s/f in New Jersey and Massachusetts. HFF worked on behalf of the borrower, Normandy Real Estate Partners, to secure the floating-rate loan with JP Morgan Chase & Company and...
Paradigm nurses along $192M deal
Debt & Equity

Paradigm nurses along $192M deal

REW
by REW974
Paradigm Commercial affiliate, Senior Care Capital, has closed a $192,500,000 credit facility, to facilitate the purchase of 16 skilled nursing facilities located throughout Illinois and Missouri. The loans, which represented a 92 percent loan-to-cost ratio, comprised of a senior first mortgage of $167,500,000, and several tranches of Senior and Junior...
$12M Factory-built finance for Wake Forest complex
Debt & Equity

$12M Factory-built finance for Wake Forest complex

REW
by REW831
Marcus & Millichap Capital Corp. arranged the financing of The Factory, a retail and sports complex in Wake Forest, N.C. Jared Cassidy, a director in MMCC’s Washington, D.C. office, secured the financing. Matt Greenspon, vice president investments in Marcus & Millichap’s Raleigh office, consulted on the buy side. The property...
Developers land $42M Dobbs Ferry construction loan
Debt & Equity

Developers land $42M Dobbs Ferry construction loan

REW
by REW1028
Saber Dobbs Ferry, LLC has secured a $42 million construction loan from M&T Bank for Rivertowns Square, the $130 million, 120,000 s/f mixed-use development currently under construction in Dobbs Ferry. “The closing of the construction loan marks another important milestone in the Rivertowns Square project, and we are thrilled to...