Category : Debt & Equity

Stellar Management partners with CAMBA to rehab affordable Staten Island complex
Construction & DesignDeals & DealmakersDebt & Equity

Stellar Management partners with CAMBA to rehab affordable Staten Island complex

REW
by REW1066
In an effort to preserve and restore a 454-unit Mitchell-Lama Affordable Housing development in St. George, Staten Island, Stellar Management and CAMBA Housing Ventures have acquired Castleton Park. Working in co-ordination with the NYC Housing Development Corporation (HDC), NYC Department of Housing Preservation and Development (HPD), the U.S. Department of...
Debt & Equity

Parkland Group refinances retail

REW
by REW633
Holliday Fenoglio Fowler arranged a $44 million refinancing for a fully-leased retail condominium located at 611 Avenue of the Americas in Manhattan’s Chelsea neighborhood. Working on behalf of Gerald Brauser and Steven Brauser, of The Parkland Group, HFF secured the 15-year, fixed-rate, non-recourse loan through Allianz Real Estate of America,...
Debt & Equity

TRANSACTIONS: GCP arranges $7.5M for retail condo units on Central Park North

REW
by REW485
Meridian Capital announced the following transactions: • A new mortgage of $2,500,000 was placed on a four-story, 34-unit mixed-use property located on 80th Street in Queens, NY. The loan features a rate of 2.75% and a four-year term. This transaction was negotiated by Joseph Taub and Eric Chapek. • A...
Eser Realty secures construction loan for Williamsburg rental
Debt & Equity

Eser Realty secures construction loan for Williamsburg rental

REW
by REW1095
Eastern Union Funding closed a loan on behalf of the owner of a Williamsburg warehouse, soon-to-be a luxury multifamily located at 28-46 Roebling Street. Director Jonathan Singer led the team for Eastern Union, executing a two-year, full-term interest-only, $14 million construction loan with a floating rate of four percent over...
Triple Star secures $42M for Flushing waterfront project
Debt & Equity

Triple Star secures $42M for Flushing waterfront project

REW
by REW975
Eastern Consolidated’s Capital Advisory Division has arranged a $42 million bridge loan from a private lender for the acquisition of a development site, the former Assi Plaza supermarket located at 131-01 39th Avenue in Flushing, Queens. The total acquisition cost was north of $90 million. The borrower, Triple Star Realty...
NCB refinances historic apartment building
Debt & Equity

NCB refinances historic apartment building

REW
by REW1112
National Cooperative Bank (NCB) was tapped by Century Management Services to provide a $26.5 million first mortgage and $3 million line of credit for Cherokee Owners Corp., a historic, landmarked co-op apartment building on the Upper East Side. The New York office of NCB worked with Century Management’s Adam Zerka,...
Debt & Equity

Meridian counts out cash for Count Basie building

REW
by REW894
Meridian Capital Group negotiated a $22.7 million permanent loan for the building once called home by such luminaries as musician Count Basie and boxer Joe Louis. The five-year loan, provided by a regional balance sheet lender, features a fixed-rate of three percent and three-years of interest-only payments. The transaction was...
Lenders jump to pump $425M into 111 Murray
Debt & Equity

Lenders jump to pump $425M into 111 Murray

REW
by REW1111
Fisher Brothers, Witkoff and New Valley announced the closing of a $445 million construction loan for 111 Murray Street, a 58-story ground-up condo breaking ground in Tribeca this month. Blackstone Real Estate Debt Strategies  was the lead lender along with M&T Bank and Deutsche Bank. “The closing of these loans...
Walker & Dunlop closes first Sect. 232 Rental Assistance Demonstration loan
Debt & Equity

Walker & Dunlop closes first Sect. 232 Rental Assistance Demonstration loan

REW
by REW1488
Walker & Dunlop has closed a $3,389,300 loan in Vancouver, Washington for Arbor Ridge Assisted Living with the Vancouver Housing Authority, one of the most innovative public housing authorities in the country. This is the first Rental Assistance Demonstration (RAD) transaction the Company and HUD’s Lean 232 program has completed...
HFF negotiates $18.5M loan for Hampshire Companies
Debt & Equity

HFF negotiates $18.5M loan for Hampshire Companies

REW
by REW989
Holliday Fenoglio Fowler, L.P. (HFF) has secured an $18.5 million refinancing for Centra, a 110,700 s/f, Class A office building in the Metropark section of Woodbridge, New Jersey. Working on behalf of The Hampshire Companies, HFF placed the loan with M&T Bank to take out the property’s construction loan, which...